Beruflich Dokumente
Kultur Dokumente
2011-12
Contents
2-8 Report of Board of Trustees
9 Auditors report
[Type text]
Name
Occupation
Prof. P Sudarshan
Former distinguished Professor of Entrepreneurship at Great Lakes Institute of Management. Member of the Board of Governors at Vittal Mallya Scientific Research Foundation (VMSRF) President of IIM-Ahmedabad Alumni Association, Bangalore Founder-President of TDICI-India's First Venture Capital Co(now ICICI ventures Ltd).
Mr. A Ramanathan
Former Chief General Manager of the Microcredit Innovations Department (MCID). Former Director of Management Studies at Sri Krishna college of Engineering & Technology, Coimbatore
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Rang De Advisory group: There is a growing need for organizations like Rang De to be more effective and productive. One the many ways to achieve this is by broadening and strengthening the constitution of advisory group. The Rang De advisory group consists of business leaders who guide Rang De on various aspects ranging from operations and technology to marketing. Resource Mobilisation: With the world cup fever being a huge success, the organization was able to pull off a series of online and offline campaigns to create awareness, drive social investors and raise funds for the communities we work with. The world cup fever helped the organization raise Rs.10 Lakhs as social investments. Similarly the Christmas Campaign helped in reaching out to social investors. A combination of creativity and dedication is required to mobilize funds and people for a cause. The grand finale in resource mobilization came with hosting Robin Sharma for a leadership seminar in Bangalore. A fundraiser of this sort is perhaps a once in a life time opportunity for non-profits. It was Rang Des privilege to host the bestselling author and leadership Guru. Rang De was able to bring more than 900 people across India for the event. Audits & Review: A sharp focus on audits and reviews of our field partners marked the year for the operations team. Regular audits and operational reviews of our field partners in addition to handholding them has helped the team identify only those field partners that have been doing excellent work and in helping them scale up their operations. The team now follows an internal calendar for audit of field partners. These audits cover not only financial records but also operations and processes being followed by the organisation. Recommendations are made to the field partners wherever required and compliance is monitored. Transparency: Since inception, Transparency has been one of the fundamental aspects for Rang De. Our efforts have been aimed at ensuring that this penetrates all the way to the end borrower. We have ensured that interest rates charged to the borrower have been published against every loan. Both the flat rates and the APR rates are displayed. Our field partners cannot charge any hidden charges and if there is good enough reason to charge a processing fee, the reason as well as the charges need to be disclosed by our field partners. The field partners are regularly audited and their operations reviewed. A summarized report of these audits will soon be available. Social investors and chapter members have also joined Rang De team. Social investors have independently visited field areas for borrower evaluations.
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In addition to the updates on disbursals and repayments, we also send a statement of social investments on a monthly basis. A record of all transactions made by a social investor on Rang De is available on login from the dashboard. A detailed statement of social investments is also available on request from the team. This is being automated and detailed reports will be made available online. Statutory registrations Following are the particulars of registration of the organization with statutory authorities.
Section and Act under which registered Date of registration January 8th, 2008
S.No.
Authority
Registration details
1.
Registrar of Trusts
BNG(U)-JPN/170/2007-2008
2.
September 2008
9 ,
th
3.
November 2008
11th,
4.
th
5.
Income department
tax
Permanent Account number (PAN) and Tax Deduction Account number (TAN)
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Awards & Recognition: We won our first award in December 2011. Rang De was awarded the Manthan Digital Award. Rang De went on to become the first runner up in the IAMAI digital award for best use of internet for social good. The icing on the cake came with Ramakrishna N.K Co-founder and CEO of Rang De being elected to the Ashoka fellowship. We are looking forward to some exciting partnerships and launching new loan products in this financial year. While our technology team is working on creating an engaging experience and enhancing the user experience, our operations team is focusing on deepening our impact on the ground. We are also working on building process frameworks to ensure that at scale, our impact still remains meaningful. As always we look forward to your continued support in helping Rang De scale newer heights and in increasing the impact of our work. Rang Des growth in numbers:
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State wise distribution of funds raised during the financial year 2011-12
73.41 23%
17.06 5%
882
7.20 2%
85.36 27%
3.30 1%
48.87 16%
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Andhra Pradesh 118.59 15% 4.34 31.58 1% 1.50 4% 0% 32.35 27.00 4% 4%18.60 2% 46.73 6% 16.88 2% Bihar Gujarat Jharkhand Karnataka Kerala 111.81 14% 200.83 25% Madhya Pradesh Maharashtra Manipur 33.32 4% 12.97 2% 135.29 17% Orissa Rajasthan Tamil Nadu Uttar Pradesh
(In Lakhs)
New
Cumulative
37 34
17
17
2009-10
2010-11
2011-12
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Rang De beneficiaries
During the year Cumulative
12789
2009-10
2010-11
2011-12
The year ahead Austere times require audacious goals. The last two years have been marked by slow down in micro credit space. The resources have dried up and smaller organisations have either closed operations or are finding it extremely difficult to manage them. The outreach of large organisations has reduced. The worst affected are the beneficiaries who dont have access to funds. We believe that when resources are scarce, innovation is the only route to growth. For the new financial year, our plan is to scale up our outreach. By December 2012, our goal is to disburse Rs.1 crore every month and reach out to more than 1000 low income households. By March 2013, our field partner network would have grown to a size of 40 non-profit organisations across India. With scale comes an increased responsibility and Rang De will be implementing process frameworks to detect any process violation and achieve excellence in our work. This is going to be the most exciting year for all of us at Rang De. We look forward to the support of our social investors, corporates, our field partners and everyone who has been contributing to the growth of Rang De.
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