Rang De Social Investors have been enabling countless individuals in farming, animal husbandry and entrepreneurship across India.
In this blog, we’ll dive into the top 4 states that Rang De Social Investors have impacted namely Rajasthan, Karnataka, Uttar Pradesh, Madhya Pradesh.
Rajasthan
Impact Partnerships: The strategic engagement with a wide array of partners has amplified Rang De's reach, enabling a broad spectrum of activities that resonate with Rajasthan's economic diversity. These partnerships have been instrumental in nurturing ventures across agro-products, apparel, embroidery, and professional services, among others.
Empowering Women: A standout achievement in Rajasthan is the empowerment of women, with 3,009 female borrowers benefiting from Rang De's initiatives. Notably, 1,662 of these were first-time loan recipients, gaining not only financial support but also an opportunity to build a credit history, a crucial step towards financial inclusion.
Loan Dynamics: The financial assistance provided ranges from modest loans of ₹5,000 to substantial amounts up to ₹2,54,700, reflecting Rang De's adaptable approach to meet varied needs. The average loan size of ₹37,695 underscores the organisation's tailored strategies to empower individuals and communities effectively.
Karnataka
Karnataka stands out for its robust engagement with Rang De Impact Partner organisations, driving significant change across various sectors. With a total disbursement of ₹11.6 crores. It has the second most loan disbursals . Rang De has facilitated the growth of livelihood activities ranging from agro-products to animal husbandry, apparel stores, and more.
Impact Partners: Engaging with diverse partner organisations, Rang De has effectively contributed to Karnataka's development narrative, supporting sectors that resonate with the state's economic fabric with 16 Impact Partner organisations like Agri Entrepreneur Growth Foundation,Akshayakalpa, Buffalo Back Collective, Charaka, Deshpande Foundation, Desi Trust, Enable India, iTeach School, Vild Foundation,Voice of Needy Foundation - Enable India, Vrutti, Youth4Jobs Foundation etc
Female Empowerment: Karnataka has seen a substantial number of female borrowers, with 855 out of 1,923 unique borrowers, reflecting a commitment to gender inclusivity and empowerment.
Financial Accessibility: The initiative has also played a crucial role in enhancing financial accessibility for 660 first-time borrowers, helping them build a credit score and fostering a culture of financial literacy and independence.
Loan Dynamics: The loans in Karnataka have ranged from as low as ₹10,000 to as high as ₹10,00,000, with an average ticket size of ₹59,430, demonstrating a tailored approach to meet diverse needs and potentials.
Uttar Pradesh
Rang De Social Investors have played a pivotal role in Uttar Pradesh, with a focus on sectors like farming, food stalls, and retail, which are integral to the state's economy.
Impact and Reach: With a total of ₹6.16 crores disbursed in loans, Rang De has made a significant impact, enabling growth and sustainability for numerous entrepreneurs and farmers with Impact Partners like Indian Micro Enterprises Development Foundation,Lotus Petal Foundation,Manjari Foundation ,Physics Wallah,Rethela Technology Pvt Ltd,The Goat Trust etc
Women's Participation: The state has seen a balanced gender participation rate, with 692 female borrowers among 1,313 unique borrowers, highlighting the inclusive approach of Rang De's initiatives.
Enabling First-timers: 857 first-time borrowers have been able to access financial services, marking a step forward in financial inclusion and empowerment.
Loan Specifications: The loan amounts in Uttar Pradesh have shown flexibility, ranging from ₹9,200 to ₹2,74,400, with an average ticket size of ₹44,859, catering to the specific needs of the borrowers.
Madhya Pradesh
In Madhya Pradesh, Rang De's efforts have concentrated on empowering individuals across various sectors, including agro-products and animal husbandry, among others.
Strategic Partnerships: Rang De has partnered with 9 key Impact Partner organisations to drive socio-economic growth, disbursing a total of ₹5.3 crores in loans.
Empowering Women: With 668 female borrowers out of 1,212 unique borrowers, Rang De has emphasised gender inclusivity, supporting women entrepreneurs and farmers in their ventures.
First-time Borrowers: The initiative has been instrumental in providing 658 first-time borrowers with the opportunity to build a credit history, enhancing their financial stability and growth prospects.
Loan Details: The loans in Madhya Pradesh have varied from ₹5,500 to ₹2,54,700, with an average ticket size of ₹38,775, reflecting a commitment to addressing the diverse needs of the borrowers.
Across Rajasthan, Karnataka, Uttar Pradesh, and Madhya Pradesh, Rang De Social Investors have played a transformative role in 16 states, not just in terms of financial support but also in fostering a sustainable and inclusive growth ecosystem.
By enabling access to credit, supporting gender inclusivity, and empowering first-time borrowers, Rang De's initiatives underscore the pivotal role of social investment in driving economic development and uplifting communities.
This collaborative effort between Rang De, its impact partners, and the social investors is a testament to the power of collective action in making a meaningful difference in the lives of thousands, paving the way for a more equitable and prosperous future.