Rang De

Provides microcredit to individuals from marginalized sections of society and helps them in becoming self-reliant

  • Started: 2008
  • Bangalore, Karnataka

About

Works with the sole mission of eliminating poverty from India and making it a thing of the past. Providing affordable loans at low interest rates is t Read moreheir way of fulfilling this mission. It is a web based platform which connects donors with underprivileged individuals to finance their educational and entrepreneurial needs. Donors can choose the person to whom they wish to make the donation. 100 percent of the donation goes to the chosen borrower. Donors have the option to honour a loan request in part or in full. After the borrower pays back the loan, the donor can re-allocate this money to fund another individual's needs. The organization operates in 18 states of India and has disbursed more than 63,000 loans so far, amounting to Rs. 712.6 Million. With a repayment rate of 94.91 %, default risk is negligible. They have received extensive recognition for their exemplary work, including Bihar Innovation Forum award, Bangalore Heroes award and Millennium Alliance award. The driving force behind the organization is the belief that philanthropy can be utilized to provide low cost loans to those who are in dire need of it, fulfilling their dreams and supporting their journey towards self-sustenance.

Sectors

  • Livelihoods
  • Employment
  • Funding & Investing
  • Education

Programs

Registration Details

  • Registration ID
    BNG(U)-JPN/170/2007-2008
  • FCRA

    094421494

Location

Project Location

Headquarters

Survey No. 29/3 & 32/2, Raj Alkaa Park, Bannerghatta road, Kalena Agrahara, Begur hobli

Offices in Cities

Bangalore

Projects in States

West Bengal, Chhattisgarh, Bihar, Maharashtra, Madhya Pradesh, Delhi

Other Details

  • Type & Sub Type

    Non-profit
    Trust

Website