What is BaSE?:Our clients

Rang De

 

Rang De is a not-for-profit organisation committed to fighting poverty by providing access to affordable micro loans for underserved communities in India.

The idea for Rang De was born in 2006, the same year that Professor Muhammad Yunus was awarded the Nobel Peace Prize for his work with Grameen Bank in Bangladesh.  It was motivated by the belief that the peer-to-peer lending model could be leveraged to lower the cost of microcredit.  Since the platform went live in 2008 the belief that there is a need to lower the cost of microcredit has been instrumental in shaping Rang De's work.

Rang De achieve the above through a network of committed field partners and social investors, who allow them to offer microcredit that has a positive impact on business, education, health and environment in the communities in which they operate.  Investors use this platform to choose borrowers who are seeking funds for small businesses or education. Rang De's Field Partners then receive and disburse the loans to borrowers and the borrowers repay the loan according to a repayment schedule.

Rang De understand that they need to be sustainable in order to achieve their long-term goals. They achieve this by taking a nominal cut of 2% on all the loans repaid by their borrowers.