Tata Trusts has extended its support for a period of four years to Internet-driven peer-to-peer micro-lending platform, Rang De. This initiative aims to offer an affordable micro-credit solutions to nearly a quarter of a million families, over the next five years.
They will be given access to improved livelihoods, education, health and sanitation facilities. During the first year, Rang De will scale up the team and increase their crowd-funding network with an additional 12,000 social investors.
Ganesh Neelam, Development Manager, Tata Trusts, said, “The concept of leveraging technology to deliver low cost, community based solutions is a path-breaking concept. Tata Trusts is working towards bringing this idea to life through the microcredit initiative. Since our partnership fuels entrepreneurship at the very grass-root level in the country, we are confident that this will make a difference to the social sector. It will help improve livelihoods, education, health and sanitation facilities, through affordable solutions.”