Showing posts with label noble cause. Show all posts
Showing posts with label noble cause. Show all posts

Tuesday, May 25, 2010

RangDe.org - an investment I'll always cherish

Rang De

>>Update: My post got feattured on RangDe.org's blog! Click here to see!
A year ago, I had invested Rs.2000/- in a passionate 5-minute debit card transaction, with http://www.rangde.org website through which we can make small investments directly to help small entrepreneurs in some far-off places in India where we otherwise could not travel.

Friends and family I later talked with about this, had cast doubts on the trustworthiness and effectiveness of such setups, they poo-poohed my unwise decision and our conversation had ended there...

One year on, I'm proud to announce good news : performance is a better indicator than status and appearance.... while the huge banks of the world are having such a rut from their lending and then sucking money from taxpayers, it looks like micro investment options like RangDe are getting almost 99% of all the money lent out, returned on time.

I will let the screenshots below speak for themselves - and am glad I was able to help out a small time entrepreneur in Andhra Pradesh. I now have nearly all my invested money back and am re-investing part of it with a breakfast vendor in Maharashtra.

Gift Economy

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