Often, I prefer to stay silent on my charity contributions at personal capacity. There is more contentment and inner joy when this happens in an anonymous mode. But in this post I want to call out something which is not charity but by the mode of social investment for empowering the rural entrepreneurs across India. Rang De is a non-profit organization making a realistic attempt to alleviate poverty through microcredit. It ensures the borrowing entrepreneurs have an affordable interest rate on their loans. The motivation for starting Rang De was the belief that the peer-to-peer lending model could be leveraged to lower the cost of microcredit.
My association with Rang De started few years back. Instead of buying crackers for one of the Deepavali festival, chose to invest that money through Rang De. There is no looking back ever since then! my investment is ever growing and having an awesome opportunity to help through out the country. The picture here shows the states in which I have made an investment so far. You can create campaigns for various occasions to make them more memorable by inviting your friends, colleagues and family members to invest through Rang De. They have innovative ways to make all this seamless with few clicks on their website.
Personally, I have met some of the core members behind Rang De and every meet makes me feel extremely positive about the impact they are creating in our country. Borrowers range from a number of professions associated to rural India. They could be in to farming, animal husbandry, running petty shops, micro-ventures, education loans etc.,
Investing in Rang De is very simple. This is all you have to do:
1. Choose borrowers to fund small businesses or education. You can invest Rs.100 or more.
2. Rang De’s Field Partners receive and disburse the loans to our borrowers.
3. Rang De borrowers repay the loan according to a repayment schedule. As and when they repay, you receive your investment with a nominal return on it.
I certainly feel good about Rang De and extremely proud of having impacted 121 lives so far. Look forward to put smile on many more lives in the years to come. Hope this inspires you to start social investment through Rang De to help your bit too.