Rang De is allowing people to Invest to create sustainable livelihoods on India's trusted peer to peer lending platform.
Basic Information
Bengaluru, Karnataka based Rang De idea is to leverage the power of the internet to connect individuals who want to make a difference in a sustainable manner, to thousands of individuals who are either denied or not offered credit. By tapping into the power of many and decentralising the source of funds, they are able to significantly reduce interest rates on their loans. The Rang De platform subscribes to the membership model. To meet operational costs, the model allows users to become “seekers” or “believers”. A seeker is a first-time borrower who does not want to pay the membership fee, but instead wants to experience the platform first while a believer, on the other hand, pays a yearly membership fee to experience added benefits. Their key clients, ‘social investors’, are individuals who want to make a meaningful investment to accelerate financial inclusion in India. They have social investors across the globe and they include NRIs, millennials, mothers, designers, CEOs, and many more.
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