Rang De Newsletter
April 2009

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The Onset of Summer Sees Smita Pondering

The Rang De team a group that loves to travel. Some of us initially did not cherish the thought of nomadic travel but gradually we have begun to enjoy.Each trip is a little adventure...
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Rendezvous with Mr.Yunus
Smita came back from Delhi gushing like a child. She was barely coherant and tripping over her ... more »
The Jharkhand Jigsaw
For Gnan, who was traveling in the North by train for the first time, it came as a surprise ... more »
 
Destination Dehradun
Nikhil was the envied team member as he got to visit Dehradun. Nestled between the Shivalik ranges and the foothills of the Himalayas, this picturesque valley is the capital of Uttarakhand. But no time to take in the sights; MFIs' and NGOs' to be met, schedules to be kept.

Most of the borrowers in the region needed large loans, and also has a large number of defaulters.

The next stop on the itinerary was Ghazipur in U.P, where the due diligence process was again repeated. Many handshakes, meetings and visits to the borowers later, one begins to get a little disoriented. A feeling of having strayed into a political party office sets in and it is time to beat a hasty retreat, at least for now.
Orissa in the news again
We have yet another unique group from Orissa. This time, a group of borrowers so poor, that their monthly income ranges between 300 to 700 rupees. Many of their thatched roofed homes... more »
   
Milestones
 
Borrowers Impacted : 490
Social Investors : 233
Loan Disbursed : Rs 30,82,000
Total Repaid : Rs. 10,77,688.58
Repayment Rate : 100%

The wandering nomads of Chennai find a new home
  Rang De has moved again to a new office in the heart of T.Nagar in Chennai. Although it was very hectic with most of its team members traveling, the new office was ready and functional in no time.

Rang De Split?
  The Rang De team split and went off in different directions in the month of March. No, don’t get us wrong. It was to find suitable partners that we could work with in different parts of the country. And what have we come back with. A few that can be accepted as part of our extended family and some that we wouldn’t want to touch with a barge pole. But all of them came back with interesting insights into our country’s unique fabric.

The Young Ones
  Two of the country's youngest states, Jharkhand and Uttarakhand carved out of Bihar and Uttar Pradesh respectively were among the chosen ones for field visits. Both states have some active microfinance institutions working to bring about a positive change, in the lives of the people here.
 
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