Rang De Crosses ₹100 Crore in Rural Credit as Crowdlenders Back India’s Underserved Entrepreneurs

Rang De surpasses ₹100 crore in rural credit disbursements, linking thousands of urban lenders with underserved entrepreneurs through a low-default, community-driven lending model.

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Rang De Crosses ₹100 Crore in Rural Credit as Crowdlenders Back India’s Underserved Entrepreneurs

Rang De Crosses ₹100 Crore in Rural Credit as Crowdlenders Back India’s Underserved Entrepreneurs
In the heat of rural Bihar, the hum of a solar-powered pump keeps 36 acres of farmland alive while providing entrepreneur Devki Devi with a dependable income. Her journey, however, is powered not just by sunshine but by thousands of urban lenders scrolling through borrower stories on Rang De, a peer-to-peer platform connecting citizens directly with financially excluded rural borrowers. Last month, Rang De crossed ₹100 crore in total disbursements a milestone shaped by 11,000 lenders supporting 28,000 micro entrepreneurs over 15 years. 
Companies:
  • Rang De
Tags:
  • finance
  • microfinance