Imagine a situation where u r desperately in need of money and nobody around you is lending, because you don't fit their pre-defined set of rules to lend, though you are quite confident and committed to repaying the money back with interest and in time. Hope seems to be fading away from these lives below poverty line.Not until Rangde.org is around you.
With the caption " share the colors of Joy" that aptly describes its objectives, Rang de.org uses the concept of "Micro-credit Economics" to make difference in the lives of many so-called as " Borrowers". It provides the perfect platform for people who can lend money and to borrowers who are in need of money. The maximum amount given as a loan to borrowers is around Rs. 5000/- for a interest rate as low as 8.5 % with a time span of one year for different sections of people in the society. The purpose of taking loan ranges from starting small vegetable vendor shops to paying the education fees of children etc. The borrowers are carefully chosen and all are ladies as they are more responsible and committed towards their family's prosperity.
"Ok fine , What does this has got to do with me ?" would be the first question that might stuck in your mind . The most striking feature of this whole program is that 'YOU' can lend money to borrowers with starting as low as Rs. 100/- . and get a profit out it( if u want to ) . This concept of social investing involves certain amount of risk and doesn't guarantee your money repayment, though if you feel this as responsibility towards the society that wouldn't be problem.
"Ok fine I'm willing to invest , but the credibility ...". It's understood that one has to keep an eye on the borrower and ensure that money is used for its purpose and she pays the money back , this money reaches back to it's lender properly . Rangde.org does this for small price.
I would have not become a goodwill ambassador for Rangde.org until unless I have tried it myself. So from my past few months of social investing, I'm quite happy to make an impact in the lives of others. And this feeling brings a joy to my life.
So if you have the helping mind and willing to help , it's time to make a difference .
Last but not the least, have look at the video of Rangde.org for what they have to say.
Happy Social Investing ....
With the caption " share the colors of Joy" that aptly describes its objectives, Rang de.org uses the concept of "Micro-credit Economics" to make difference in the lives of many so-called as " Borrowers". It provides the perfect platform for people who can lend money and to borrowers who are in need of money. The maximum amount given as a loan to borrowers is around Rs. 5000/- for a interest rate as low as 8.5 % with a time span of one year for different sections of people in the society. The purpose of taking loan ranges from starting small vegetable vendor shops to paying the education fees of children etc. The borrowers are carefully chosen and all are ladies as they are more responsible and committed towards their family's prosperity.
"Ok fine , What does this has got to do with me ?" would be the first question that might stuck in your mind . The most striking feature of this whole program is that 'YOU' can lend money to borrowers with starting as low as Rs. 100/- . and get a profit out it( if u want to ) . This concept of social investing involves certain amount of risk and doesn't guarantee your money repayment, though if you feel this as responsibility towards the society that wouldn't be problem.
"Ok fine I'm willing to invest , but the credibility ...". It's understood that one has to keep an eye on the borrower and ensure that money is used for its purpose and she pays the money back , this money reaches back to it's lender properly . Rangde.org does this for small price.
I would have not become a goodwill ambassador for Rangde.org until unless I have tried it myself. So from my past few months of social investing, I'm quite happy to make an impact in the lives of others. And this feeling brings a joy to my life.
So if you have the helping mind and willing to help , it's time to make a difference .
Last but not the least, have look at the video of Rangde.org for what they have to say.
Happy Social Investing ....
RangDe.Org Film from rahulchittella on Vimeo.
