Region of operation
A 1102, Ajmera Green Acres Bannerghatta Road Bangalore Country: India Zip: 560076
90% of the total estimated demand for microcredit of Rs. 200,000 cr was still unmet and that 80% of India’s population still does not have access to any form of credit. RangDe tries to create a platform to lend money to the poor villagers who want to start something of their own but can't get any money.
Key product / Service
Microfinance Platform RangDe
Number of beneficiaries
Awards and recognition
Funding and Operating Model
Total funding raised
|Name||Round||Amount Raised||Type of Funding||Announced On||Web URL|
|ICICI Foundation for Inclusive Growth||https://www.rangde.org/funders|
|The World Bank||https://www.rangde.org/funders|
The unique proposition we offer to the social investor is that they have the ability to select an individual borrower to whom the money goes to – based on business activity and geography. Social Investor also has the ability to monitor the progress made by the borrower through a unique wellness score. Rang De engages with a network of grassroot organizations to help in screening borrowers, disbursing the loan and collecting repayments. While the social investor gets a tangible social return and a nominal financial return of 2% flat p.a. or 3.5% APY, the field partners get 5% flat p.a. to cover their operational costs. Rang De charges 1% flat p.a. to cover its transaction costs. Rang De ensures that the borrower pays no more than 8.5% flat p.a. as interest towards the loan. There are no hidden charges or processing fees.
Partners and key clients
Images and trivia