An immense amount of existing literature suggests that poverty alleviation and reduction in income inequalities have a direct relation to an increase in financial inclusion. Although financial inclusion has been given a huge push in India, it is far from being realized. Financial inclusion can be defined as reaching out to underserved low income communities […]
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As a society, we tend to value certain specific means of livelihood and undermine others. We have a bias towards professions that require intellectual capital, and we downplay other forms of livelihood. The truth is our very survival is dependent on the invisible efforts of millions of people toiling away on farms, in villages, in […]
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In the article, we explain how Rang De attempts to bridge the inequality gap by bringing the underserved under the ambit of formal financial institutions. “We are scared. We are careful with the money we take as loan from the moneylender,” a Rang De borrower. This story is true for many in rural India who […]
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In the article, we take you through a fascinating journey from being a non-profit to India’s first peer-to-peer lending platform committed to social change. We also attempt to explain our Theory of Change and why we take on a whole new avatar. “Earlier our financial condition was such that if you visited our house there […]
Read MoreOn the occasion of International Women’s Day, Rang De team member Lydia Thomas writes about the struggles of a domestic worker and why it is important to include ‘her’ in our conversations Imagine your life partner made most of the decisions of the household finances, including what you earn, leaving very little up to you. […]
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By Empathy Team Globally, financial inclusion is considered a crucial indicator of development and well-being of society. Rang De was born as an initiative that helps this process of financial inclusion and facilitates small loans (micro-credit) for those who do not have access to fair credit. Financial inclusion creates opportunities to access and avail financial […]
Read MoreBy Team Empathy Dream. A word that is audacious than hope and powerful enough to keep working hard towards a goal with zeal and determination. At Rang De, we dream big. We also believe that sometimes a little change can help our cherished dream come true. So here’s a glimpse of what is about to […]
Read MoreIt’s official! We are extremely excited to share that we now have our In-principle approval from RBI to set up the new platform as per RBI’s regulation for peer to peer lending platforms. What has changed? Rang De will soon be operational as an RBI registered entity. Rang De will now be facilitating direct digital […]
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The objective of Swabhimaan is to bring about long term borrowing behavioral change in Swabhimaan members by empowering them to make informed financial decisions. In order for behavior change to become an integral part of the program, we have introduced various interventions throughout the Swabhimaan process. The Open Day is one such intervention. An Open […]
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Ten years ago, Rang De began with a small seed idea to see India poverty free. We didn’t just want to make access to credit easy for the under-served but we also consciously wanted to lower the cost of borrowing. Along the ten-year journey, we have had our fair share of ups and down. Despite […]
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