How Rang De is using crowdsourcing to make micro loans cheaper

A husband and wife team in Bangalore (Bengaluru) have created a peer-to-peer, online micro-loan platform to help make poverty history by addressing credit needs of underserved communities. Lenders on the platform can choose the individuals and projects they loan to, and interest rates are kept low so as to be accessible for the recipients. The platform, Rang De, has seen great success and boasts a 93% repayment rate.

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