RangeDe.org aims to make low cost microcredit a reality. RangDe is a non-profit peer to peer micro-lending portal.
RangDe is another great opportunity for people to give back to society. The loan seekers are people who can make a difference to their business with the help of this social investment. The investor also earns a nominal interest on the laon disbursed. Thus it is not a charity. It is an assistance.
RangDe collects the money and gives it to their pre-screened field partners (NGOs). You have the option to give it to specific borrower or let RangDe disburse the money. You can also have contact with the borrower.
I am sure Mahesh would have written about this great concept in his hugely hit column on Business word and Business Today. RangDe is indeed a great initiative ! Let us spread the word. Let us use it to transform lives!
Three cheers to Ramakrishna and his team ! You are doing a great service! Keep it up!