34,128 Loans disbursed | Social Investors joined
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Rs.278.8M of social investment | 99.77% Repayment Rate* | 366 different occupations
SOCIAL INVESTMENTS RAISED
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INTEREST RATE CHARGED
Mysore | Karnataka | Cloth business
Mahadevamma Kempanna, 48, is a widow who lives with her two daughters in the village of Mysore, Karnataka. Her elder daughter, aged 25 earns a paltry amount as a private teacher. Her younger daughter is still completing her education. Mahadevamma has been selling sarees daily, going door to door, since the last eight years to bring up her daughters and provide them with education to build a strong future. Her customers are happy with the designs she sells, and that they can pay her in installments. However, this model poses the challenge that Mahadevamma often does not get the money on time. Her earnings also do not allow her to save anything and they just get by. Mahadevamma is seeking a loan of Rs 10000 to invest more on children’s garments and higher end designer sarees as there is increasing demand for both. With no assets to their name, the increased income will definitely help in reducing the struggles of the family. read more
I am proud to be associated with Rang De and be a social investor to help people in need realize their dreams.
Raghu Dixit | Path Breaking Musician
I believe that microcredit needs to be affordable if it aims at helping people overcome poverty.
Nagesh Kukunoor | Award Winning Film Director