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Rs.486.5M of social investment | 99.84% Repayment Rate* | 546 different occupations
SOCIAL INVESTMENTS RAISED
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Imphal East | Manipur | Weaver
R.k. Monika Devi from Manipur needs a loan of 10,000/- as an investment in her weaving trade. Monika lives with her husband and her toddler daughter. Her husband is a driver and Monica supports the family with her weaving trade. Together the couple can manage an expenditure of no more than 2,000/- per month. Monika weaves traditional shawls locally called "Rani Phee". These are compulsory for each and every woman of the Meitei community in traditional ceremonies like weddings, receptions, festivals etc. She weaves and sells her products to the traders in the market. She also retails to local customers. At times she receives paid orders from local customers. Most of the time, Monika has to invest her own capital in raw materials. This imposes a big challenge due to the shortage of capital. For this, she has applied for a loan of 10,000/- via Rang De. The investment will be used to purchase very fine silk, DMC (kind of thread which is lustrous in nature to shade the print of the shawl), detergent to wash, dyeing chemicals, washing soda etc. If we come up with a loan of 10,000/- in Monika's cause, she will be able to buy the required materials and increase the volume of her production. This will help her meet the consumer demand with increased sales leading to increased income. Let's do this! Let's come up with a loan of 10,000/- as an investment in Monika's business. 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
Young India is investing in poor rural women's dreams