Close
Igniting Ideas For impact

Embarking on a transformative journey through six chapters, we traverse India's landscape, exploring pioneering startups and their revolutionary...

10 months

RangDe – An Online Microfinance Company

Rangde.org is an online microfinance concept that serves as a bridge between 'social investors' and people who need to borrow small amounts of money for improving their financial condition. Read more about this innovative and life-changing initiative..

RangDe – An Online Microfinance Company

rangdeI recently came across RangDe.org which takes the concept of microfinance to the online world.

It serves as a bridge between ’social investors’ and people who need small amounts of money to improve their business and financial position. For your investment, you stand to earn 3.5% per annum. Of course, this is not guaranteed since the money is being lent to low income households and the probability of default could be high. Having said that, it is interesting to see from their statistics that 100% of the loans have been paid back so far.

You can go through the list of borrowers, with a brief on why they need that extra money and you can then decide to invest accordingly. If you don’t have the time to select a borrower, you can also do something known as “Smart Invest” where RangDe picks borrowers on their behalf.

To cover their costs, RangDe charges an interest rate of 8.5% pa to the borrowers and retains 5% of that, handing over the remaining 3.5% to you, the investor.

It is an interesting service, and it will be all the more interesting to see how they fare in the coming years. Visit Rangde.org and see if you would like to be a part of their social investment spectrum.

This article originally appeared here.

If you found our stories insightful, informative, or even just enjoyable, we invite you to consider making a voluntary payment to support the work we do at The Better India. Your contribution helps us continue producing quality content that educates, inspires, and drives positive change.

Choose one of the payment options below for your contribution-

By paying for the stories you value, you directly contribute to sustaining our efforts focused on making a difference in the world. Together, let’s ensure that impactful stories continue to be told and shared, enriching lives and communities alike.

Thank you for your support. Here are some frequently asked questions you might find helpful to know why you are contributing?

Support the biggest positivity movement section image
Support the biggest positivity movement section image

This story made me

  • feel inspired icon
    97
  • more aware icon
    121
  • better informative icon
    89
  • do something icon
    167

Tell Us More

Shorts

Shorts

See All
X