All posts tagged: microlending

What’s It Like To Be A Nonprofit At Y Combinator, Founder Of Zidisha Tells Her Story

Y Combinator (YC), which is often thought of as the most prestigious and sought after tech incubator in the world has started to accept nonprofits into their program. The very first nonprofit to be included in YC was Watsi in 2013. In their latest batch (YC Winter 2014), 7 out of 75 startups are nonprofits. It’s really great to see an incubator that’s responsible for the success of many popular tech companies like Reddit, AirBnB, Dropbox and Optimizely to name a few extend its expertise and resources to help nonprofits. Nonprofit founders attend the same program as  tech entrepreneurs. They have to move to the YC office in Mountain View, California for a period of 3 months to focus completely on building the product. YC also provides initial funding to qualifying nonprofits which is in the form of a donation unlike their for-profit startup funding model which is equity based. YC has just closed their applications for the 2014 Summer batch. If you are keen to apply, keep a watch on their site, they will be opening …

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 …