Loan Details

Amount Rs. 5,00,000
Status 91.6% repaid
Tenure 12 Months
Estimated disbursal date 11 Mar 2014
Disbursed on 11 Mar 2014
Interest Rate 3.50% flat p.a.

Charaka  

Weaver
Bhimanakone , Shimoga , Karnataka

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Current Loan Status : Repaying

In a remote village, nestled in the gateway to Western ghats, not too far away from Jog falls, is Bhimanakone. And in this village is an organization that would take you back in time to the days when 'spinning' and making ones own clothes was a matter of great pride and self respect.

Founded to restore these values is Charaka - a women's co-operative that produces hand made, naturally dyed apparel. The urban consumers in Karnataka who are now familiar with the 'Desi' brand of apparel are unaware that this is a result of the hard work and perseverance of hundreds of women in rural Karnataka.

Charaka's women are in need of assistance for working capital to run their unit efficiently. Since they have market access through 'Desi', the repayments of these loans is guaranteed. It's an honour for Rang De to work in partnership with Charaka and support the women in becoming self reliant. We seek your support in making this a reality.

As per our Partnership with Charaka, we will be raising INR 5 lakhs of social investments every quarter in the coming years. The repayments will start immediately one month after the total investment is raised for the respective quarter.


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Field Partner See all Field Partners


Desi Trust

District:Shimoga
State:Karnataka

Desi is a leading service organisation in Karnataka, in the handloom sector today. It is Bangalore based Charitable Trust run by eminent personalities from the field of art, literature, design, marketing and fashion. Desi has eleven (11) shops which ...  read more

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India's first peer-to-peer lending platform to fight poverty.


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  • Welcome to Rang De!