Crowdsourcing in microfinance : An Indian perspective; Analysis of Rang De

Abstract

The report aimed at presenting both quantified and qualitative analysis. Detailed exhibits are provided to supplement the analysis. Beginning with the details of the microfinance models, to the ongoing microfinance controversy and the draft bill the entire of module 1 focused on reduced cost of funding as a solution to the controversy. This established the case for a concept like crowdsourcing. Module 2 dealt with the origins of crowd funding in microfinance and presented the four online P2P lending sites. A comparison of the same highlighted minute differences across these models. Impact assessment framework through in perspective the kind of benefits these models were able to bring in to the communities they operated in. The final module aimed at presenting answers to questions on sustainability of such models, the model to impersonate in India, recommendations for Rang De and the emerging challenges in this space.