{{short description|P2P online micro-financing platform}} {{for|film|Rang De}} {{Use Indian English|date=October 2019}} {{Use dmy dates|date=November 2019}} {{Infobox company | name = Rang De | logo = | type = | industry = Personal finance | fate = | predecessor = <!-- or: | predecessors = --> | successor = <!-- or: | successors = --> | founded = 2008 | founders = Smita Ramakrishna, Ramakrishna NK | defunct = <!-- {{End date|YYYY|MM|DD}} --> | hq_location_city = Bengaluru | hq_location_country = India | area_served = <!-- or: | areas_served = --> | key_people = Smita Ramakrishna, Ramakrishna NK | products = Peer-to-peer lending | owner = <!-- or: | owners = --> | num_employees = | num_employees_year = <!-- Year of num_employees data (if known) --> | parent = | website = {{URL|http://rangde.in/}} }} '''Rang De''' is India's first peer-to-peer online micro-lending platform founded in 2008. It is based in Bengaluru, India.
== History == Smita Ramakrishna and Ramakrishna NK founded Rang De in 2008 as a not-for-profit organisation to serve the credit needs of the under-served communities and low income households.<ref name=":0">{{Cite news |last=Thomas |first=Anu |date=2018-09-27 |title=How Rang De is using crowdsourcing to make micro loans cheaper |work=The Economic Times |url=https://economictimes.indiatimes.com/small-biz/money/how-rang-de-is-using-crowdsourcing-to-make-micro-loans-cheaper/articleshow/58509858.cms |access-date=2019-10-02}}</ref><ref>{{Cite web|url=https://indiamicrofinance.com/interview-with-rang-de-founder-ram-n-k.html|title={{sic|Inte|view|nolink=y}} with Rangde.org founder Ram N|date=2009-07-24|website=India Microfinance|language=en-US|access-date=2019-10-15}}</ref> It connects individual social investors to a community of curated entrepreneurs and students from low-income households across the country, enabling them to invest in the livelihoods and education needs of this community.<ref>{{Cite web |last=Hynes |first=Casey |title=The Long Game: How Developing Countries Can Get Microfinance Right |url=https://www.forbes.com/sites/chynes/2017/08/14/to-alleviate-poverty-microfinance-institutions-must-work-on-much-longer-time-scales/ |access-date=2020-03-24 |website=Forbes |language=en}}</ref><ref>{{Cite web |date=2010-08-13 |title=Small investments usher in big change |url=https://www.deccanherald.com/content/88350/small-investments-usher-big-change.html |access-date=2020-03-24 |website=Deccan Herald |language=en}}</ref><ref name=":1">{{Cite news |last=Katiyar |first=Prerna |date=2010-06-27 |title=Rang De: India's first online platform for micro-credit |work=The Economic Times |url=https://economictimes.indiatimes.com/people-places/rang-de-indias-first-online-platform-for-micro-credit/articleshow/6096511.cms?from=mdr |access-date=2019-10-11}}</ref><ref name=":0" /><ref>{{Cite news |last=Variyar |first=Mugdha |date=2017-03-07 |title=Rang De helps rural women use India Stack to avail micro loans |work=The Economic Times |url=https://economictimes.indiatimes.com/small-biz/startups/rang-de-helps-rural-women-use-india-stack-to-avail-micro-loans/articleshow/57520901.cms?from=mdr |access-date=2019-10-15}}</ref>
In 2013, Rang De opened the platform for foreign social investors.<ref>{{Cite web|url=https://www.medianama.com/2013/01/223-rang-de-micro-credit/|title=Rang De's Online Micro-credit Service: "Less Than 1% Of The Investors Take Their Money Out"|date=2013-01-24|website=MediaNama|language=en-US|access-date=2019-10-15}}</ref> In 2015, Rang De collaborated with OnePlus for the ''Joy of Giving Week.''<ref>{{Cite web|url=https://www.moneycontrol.com/news/business/wire-news/oneplusrangdeorg-come-together-to-harness%60power-of-one%60-1342285.html|title=OnePlus and RangDe.org Come Together to Harness the 'Power Of One'|website=Moneycontrol|access-date=2019-10-11}}</ref> Rang De is supported by ICICI Foundation, CSO Partners, Center for Bharatiya Management Development, Association for Sustainable Community Development, and Tata Trusts.<ref name=":1" /><ref>{{Cite web|url=https://www.microcapital.org/microcapital-story-microfinance-brokerage-sites-rangdeorg-and-dhanaxcom-launch-in-india-following-kivaorg/|archive-url=https://web.archive.org/web/20080704013333/http://www.microcapital.org/microcapital-story-microfinance-brokerage-sites-rangdeorg-and-dhanaxcom-launch-in-india-following-kivaorg/|url-status=usurped|archive-date=4 July 2008|title=Microcapital Story: Microfinance Brokerage Sites Rangde.org and dhanaX.com Launch in India Following Kiva.org|last=Knapp|first=Sarah|date=2008-06-27|website=MicroCapital|language=en-US|access-date=2019-10-15}}</ref> Over 93% of the borrowers are women. Rang De works with around 16 field partners across the country.<ref name=":0" />
On 8 March 2017, at the Yeswanthpur village in Kolar district, the ''Swabhimaan'' initiative was launched to impart financial literacy to village women, give customised credit, and enable them to make informed financial decisions. Self serviced kiosks called ''Bioscope'' are created to impart financial education.<ref>{{Cite web|url=https://www.newindianexpress.com/cities/bengaluru/2017/may/14/bioscope-bank-1604626.html|title=Bioscope bank|website=The New Indian Express|date=14 May 2017 |access-date=2019-10-15}}</ref><ref>{{Cite news|url=https://economictimes.indiatimes.com/small-biz/money/rang-de-launches-swabhimaan-to-provide-customised-credit-to-women-in-rural-india/articleshow/57535470.cms?from=mdr|title=Rang De launches Swabhimaan to provide customised credit to women in rural India|last=Thomas|first=Anu|date=2017-03-08|work=The Economic Times|access-date=2019-10-15}}</ref> Bank accounts created under the Pradhan Mantri Jan Dhan Yojana, eKYC, Aadhaar, and Unified Payment Interface (UPI) is used to disburse credit.<ref>{{Cite news|url=https://economictimes.indiatimes.com/small-biz/startups/rang-de-helps-rural-women-use-india-stack-to-avail-micro-loans/articleshow/57520901.cms?from=mdr|title=Rang De helps rural women use India Stack to avail micro loans|last=Variyar|first=Mugdha|date=2017-03-07|work=The Economic Times|access-date=2019-10-15}}</ref><ref>{{Cite news|url=https://economictimes.indiatimes.com/small-biz/startups/rang-de-helps-rural-women-use-india-stack-to-avail-micro-loans/articleshow/57520901.cms|title=Rang De helps rural women use India Stack to avail micro loans|last=Variyar|first=Mugdha|date=2017-03-07|work=The Economic Times|access-date=2019-10-15}}</ref><ref>{{Cite journal|date=2002-07-30|title=Information and Communication Technologies and Rural Development (Summary in Spanish)|journal=Information and Communication Technologies and Rural Development|doi=10.1787/9789264193079-sum-es|isbn=9789264186705}}</ref><ref>{{Cite book|title=Emerging markets from a multidisciplinary perspective challenges, opportunities and research agenda|last1=Dwivedi |first1=Yogesh |last2=Rana |first2=Nripendra P. |last3=Slade |first3=Emma L. |last4=Shareef |first4=Mahmud Akhter |last5=Clement |first5=Marc |last6=Simintiras |first6=Antonis |last7=Lal |first7=Banita |date=23 April 2018|publisher=Springer |isbn=978-3319750125|oclc=1020073121}}</ref>
== Concept == Rang De connect social investors with under-served communities of borrowers, enabling the low income households to get financial help. Social investors can begin by lending as low as INR 100 through the Rang De platform. It partners with non-governmental organisations and micro-lending institutions to screen borrowers at the grassroots level. The platform keeps track of disbursements and returns, which the investor can withdraw or reinvest.<ref name=":1" /><ref name=":0" /><ref>{{Cite news|url=https://www.business-standard.com/article/specials/ngo-rang-de-s-peer-to-peer-lending-platform-on-internet-makes-big-out-of-small-114121200622_1.html|title=NGO Rang De's peer to peer lending platform on internet makes big out of small|last=Krishna|first=Geetanjali|date=2014-12-12|work=Business Standard India|access-date=2019-10-15}}</ref>
== Recognition ==
* 2011 - ''Manthan South Asia Award''<ref>{{Cite web|url=https://www.scribd.com/document/76021728/Manthan-Awards-2011-Digital-innovations-for-the-larger-good-1|title=Manthan Awards 2011 - Digital innovations for the larger good - 1 {{!}} Microcredit {{!}} Loans|website=Scribd|language=en|access-date=2019-10-15}}</ref> *2012 - ''Ashoka Fellowship''<ref>{{Cite web|url=https://issuu.com/ashokaindia/docs/ashoka-fellowconnect-feb12|title=Fellow Connect February 2012|website=Issuu|language=en|access-date=2019-10-11}}</ref> * 2013 - ''Bangalore Heroes Award''<ref>{{Cite web|url=https://bangaloremirror.indiatimes.com/bangalore/cover-story/bangalore-heroes-mirror/articleshow/27141125.cms|title=Heroes set the bar high|date=December 10, 2013|website=Bangalore Mirror|language=en|access-date=2019-10-11}}</ref> * 2013 - ''Millennium Alliance Award''<ref>{{Cite web|url=http://www.millenniumalliance.in/awardees.aspx|title=Millennium Alliance|website=www.millenniumalliance.in|access-date=2019-10-11}}</ref> *2014 - ''Bihar Innovation Forum Award''<!-- The citation for this is here - https://yourstory.com/2014/02/bihar-innovation-forum-winners However, YourStory links doesn't seem to be citation-worthy here; hence, adding it as a Comment. -->
The Development Marketplace (DM) of the World Bank supports Rang De.<ref>{{Citation|last1=Schramm|first1=Dana Melanie|title=Crowdfunding für Startups|date=2014|work=Startup-Crowdfunding und Crowdinvesting: Ein Guide für Gründer|pages=11–51|publisher=Springer Fachmedien Wiesbaden|isbn=9783658059255|last2=Carstens|first2=Jakob|doi=10.1007/978-3-658-05926-2_3}}</ref>
== References == {{Reflist}}
== External links == *{{Official website|https://rangde.in}}
Category:Financial services companies of India Category:Indian companies established in 2008 Category:Peer-to-peer lending companies Category:Financial services companies established in 2008 Category:2008 establishments in Karnataka Category:Companies based in Bengaluru