Rang De

Works with the sole mission of eliminating poverty from India and making it a thing of the past. Providing affordable loans at low interest rates is t Read moreheir way of fulfilling this mission. It is a web-based platform which connects donors with underprivileged individuals to finance their educational and entrepreneurial needs. Donors can choose the person to whom they wish to make the donation. 100 per cent of the donation goes to the chosen borrower. Donors have the option to honour a loan request in part or in full. After the borrower pays back the loan, the donor can reallocate this money to fund another individual's needs. The organization operates in 18 states of India and has disbursed more than 63,000 loans so far, amounting to Rs. 712.6 Million. With a repayment rate of 94.91 %, default risk is negligible. They have received extensive recognition for their exemplary work, including the Bihar Innovation Forum award, the Bangalore Heroes award and Millennium Alliance award. The driving force behind the organization is the belief that philanthropy can be utilized to provide low-cost loans to those who are in dire need of it, fulfilling their dreams and supporting their journey towards self-sustenance.