All posts tagged: kiva

Rang De the Kiva of India, Brings Web Based Microlending Home

Rang De is the first and only web based platform in India which allows individuals to directly lend money to poor people who are looking for capital to start small businesses. Inspired by Kiva’s (US based) model of person to person online lending and due to Kiva’s inability to service borrowers in India, Rang De was launched to fill this gap. Though Kiva has to date over 500,000 people who’ve made loans in 58 countries they’ve been unable to service the poor in India due to government banking regulations. Seizing on the massive opportunity to provide the world’s most populous nation with a platform to connect people who want to help with those needing help, Rang De started the direct online lending platform in 2008. Created for people of India, allowing Indians in any part of the world to invest in India’s Poor. How Does Rang De Work Very simple – People needing loans are listed on RangDe.org along with a short note on why they need the loan, the loan amount needed and the …