One day , when I went to the market I bought the magazine..Outlook money..I like it very much, to read about personal finance management. And here I read about an organisation in micro financing, i had read about all this a lot, but this was the first time I found the address and could read everything in detail and i liked the concept very much. And see the coincidence, next day I get an email regarding the same thing..here it is..
I am writing today to introduce Rang De - India's first peer to peer micro lending platform with a mission to make low cost micro credit a reality.Rang De is an innovative attempt to bring down the cost of micro credit by enabling individuals to lend small sums of money via RangDe.Org. Rang De hopes to reach out and include people to whom even ‘traditional micro credit’ is unaffordable. Rang De is a non profit entity with the sole object of connecting individuals who need money to social investors like you. Rang De will create a sustainable alternative to charity by promoting online lending as a way of life.
How Rang De works?
Step1: Social Investors like you search and choose borrowers to make a social investment. You can invest as little as Rs.500.
Step 2: Rang De’s field partners receive and disburse loans to their borrowers.
Step 3: Borrower repays loan according to a repayment schedule
.Step 4: You receive your money at the end of the tenure and earn an interest of 3.5 % on the principal you have invested.Anyone can become a social investor on RangDe.Org by investing as small a sum of Rs.500.
So log on to www.rangde.org today to make a social investment today and share the colours of joy!
So I thought that it was not coincidence, but God who wanted me to know and invest there, and there is no greater joy than helping someone in getting on his own feet.This post is just to publicise this great endeavour of some people who are trying to make this world a better place to live in.
Always remember that you are absolutely unique. Just like everyone else..