About Rang De
The idea of Rang De was sown in the year 2006, the same year that Professor Muhammad Yunus and the Grameen Bank were jointly awarded the Nobel Peace Prize for "for their efforts to create economic and social development from below".
The motivation for starting Rang De was the belief that philanthropic capital could be leveraged to lower the cost of microcredit for those who require the most. Rangde.org went live on 26 January 2008 and this is the belief system that has shaped Rang De.
How Rang De Works
Choose Someone: a farmer, a weaver, a tailor, a student, a dairy farmer, a family living without electricity. Over 1,000 individuals apply for your help and receive loans at affordable interest rates.
Donate for their growth, help her stand on her own feet. Create a lasting impact by supporting her loan request in part or full.
Re-allocate once your contribution returns after making a difference and continue the good work.Make a Contribution!
The Spirit of Rang De
We decided on the name Rang De after a lot of thought. The name draws inspiration from India's struggle for independence. We believe that a similar movement with the same kind of urgency is required to address poverty in India. The words 'Rang De' also denote colour and exuberance and that is the impact we want our efforts to have on the people we reach out to.
Our vision is to make poverty history in India by reaching out to underserved communities through microcredit. We are striving to do this through a network of committed impact partners and Changemakers, by offering microcredit that has a positive impact on business, education, health and environment of the communities we work with.
Strive for Excellence, Be Creative, Have a Growth Mindset, Challenge Limits, Uphold Integrity, Believe in yourself, Value time, Practice open and effective communication, Be Empathetic, Be Humble, Invest in Well-Being and Have Fun at the workplace are the values we believe in. We are as much about social change as we are to do with technology and as much about contributing time as we are about contributing money.
What You Should Know
Rang De A Legal Entity
Rang De is registered as a charitable trust under which we carry out our activities.
Our Revenue Model
We believe that we need to be sustainable and scale meaningfully. We get a nominal cut of 2% on all the loans repaid by our borrowers. We believe this will help us in achieving our goals and fulfilling our vision in the long run.