Readers only offer: Get additional Rs 200 off on 'The Better Home' powerful natural cleaners. Shop Now
RangDe – An Online Microfinance Company

RangDe – An Online Microfinance Company

rangdeI recently came across 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 and see if you would like to be a part of their social investment spectrum.

This article originally appeared here.

Let’s be friends :)
Sign in to get free benefits
  • Get positive news daily on email
  • Join our community of positive ambassadors
  • Become a part of the positive movement
Before you go...

We have a favor to ask.

Our teams put in a lot of effort to create the content you love at The Better India.

The Better Home is a range of safe and eco-friendly home cleaners by The Better India. We put out curated content on our Instagram account- green living hacks, green innovations, leading a no-tox life and heroes in the sustainability space.

It would help us if you can follow our Instagram handle and spread the word around.