Rang De was formed in 2008 by Smita Ramakrishna and Ramakrishna NK. Rang De is India's first peer-to-peer online micro-lending network.
Through this platform, investors can begin by lending as little as INR 100. It is collaborated with non-governmental organisations and micro lending institutions to screen borrowers at the community level. The software tracks payments and returns, which the investor can withdraw or reinvest.
Investors can decide how much money they want to invest in an individual borrower based on their credit score, risk profile, and investment objectives.They provide a personalised dashboard for our users so that they can monitor all their investments in real time.
There's a new way to lend money
In India, where the middle class has grown rapidly in the past few years, it's estimated that around 70% of Indians who have savings have no access to formal financial services. This is an enormous opportunity for small investors who are looking to invest in the informal economy and earn regular returns.
Through this platform, investors can begin by lending as little as INR 100. It is collaborated with non-governmental organisations and micro lending institutions to screen borrowers at the community level. The software tracks payments and returns, which the investor can withdraw or reinvest.
The platform connects investors directly with borrowers through an online application form and an online credit assessment tool that uses data on household income, purchase history and other attributes to determine if you qualify for a loan.
The whole process takes about 15 minutes from start to finish! Once you've been approved for a loan by one of our lenders, we'll send you an agreement that you can sign electronically so that your money will be available within minutes (or less).
