Administrator | September 27, 2016



Providing micro-credit online.

Incubated Since 2013 Headquarters Bangalore, IndiaSector Other Sub-sector Micro-finance

The Entrepreneur

Dr. Rangan Varadan has several decades experience in the financial services industry. Prior to founding MicroGraam, Rangan was the Head of Banking and Capital Markets: Technology Research Group at Infosys Technologies. Before joining Infosys, Rangan founded an accountancy practice in Chennai and Hyderabad.

The Challenge

India’s economy may be on the rise, but for the 37% of the Indians living below the poverty line, many basic services are out of their reach. India is a country where 42% of the population survives on under $1.25 per day.

The Innovation

By offering an online peer-to-peer lending platform, MicroGraam connects deserving students, entrepreneurs, and farmers in rural India with the resources and funds to overcome the myriad obstacles they face. MicroGraam allows underprivileged entrepreneurs, students, and farmers in India to get loans from urban professionals, who are able to offer much more flexible loan terms than conventional microfinance models by crowd-sourcing to raise funds for borrowers.

The Impact

Micrograam has raised 20.01 crore rupees as social investment. It has impacted more that 14100 customers and works with around 3500 social investors.

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