Anil Kant Choudhary (AKC)
Helping individuals and organisations to ‘enhance their performance’ Helping individuals and organisations to ‘enhance their performance’
Knowing how to solve personal issues is a great virtue of an intelligent person. Knowing how to solve the problems of others separates the person from the ordinary. Kudos to the Ram and Smita duo and the entire Rang De team.
A few months back, I heard about Rang De. I do not remember if I saw it on LinkedIn or if someone forwarded me a write-up. The term ‘Social Investing’ attracted me and I went onto their website to understand it. The way I understood it was that I could invest an amount that would be given as a loan to people who do not have easy access to loans. If 50 people invest ₹1000 each, the amount becomes ₹50,000. For a poor person, that is a big amount. The needy can use that amount for many simple but necessary activities. A farmer (the real one, not the fake ones) can buy seeds and tools for agriculture, an artisan can procure raw materials, a shepherd can add more goats, and so on. The amount contributed would return in 12 to 18 months with an annual interest of 6%. It was like letting your money do some good work for the community without losing its value due to inflation. The investment was not for augmenting wealth but to uplift the society. I loved the idea.
It enhanced my curiosity. I was impressed but I still wanted to be cautious to start. The main reason for being cautious was that many people claim to solve the problem of underprivileged citizens. But, instead, they take advantage of the poor to emotionally attract others to contribute. Many cheaters fill their coffers, rather than passing on the benefits. So, to convince myself, that it is not another similar con factory, I enrolled on a session on Rang De that Ram conducted with prospective investors and partners.
Ram was very transparent and patient in clarifying the doubts. After an hour-long session, I was convinced and decided to start with a small investment. I was still testing it, just to be sure that I was not getting into a trap. My initial investment was distributed to 3 needy. Proper documentation with agreement was executed, all done online. That was in October 2023. Since most of the return comes monthly or quarterly, by March of 2024, almost 25% of my contributions were returned to me with 6% interest. It built my confidence and gave me great satisfaction. Buoyed by this experience, I increased my social investment to 5 times my initial trial amount. Last week, I received the first few payments from these additional investments.
Today, I am pleased that I could help sixteen needy citizens from 6 different states. These beneficiaries are into activities ranging from farming to poultry to artisan to shopkeepers and others. I could do my bit to make a difference in other’s life. I could give back to the community, without losing any value of my money.
hashtag
#RangDe
hashtag
#SocialInvesting
hashtag
#GiveBackToTheCommunity
Anil Kant Choudhary (AKC)
Helping individuals and organisations to ‘enhance their performance’ Helping individuals and organisations to ‘enhance their performance’
Knowing how to solve personal issues is a great virtue of an intelligent person. Knowing how to solve the problems of others separates the person from the ordinary. Kudos to the Ram and Smita duo and the entire Rang De team.
A few months back, I heard about Rang De. I do not remember if I saw it on LinkedIn or if someone forwarded me a write-up. The term ‘Social Investing’ attracted me and I went onto their website to understand it. The way I understood it was that I could invest an amount that would be given as a loan to people who do not have easy access to loans. If 50 people invest ₹1000 each, the amount becomes ₹50,000. For a poor person, that is a big amount. The needy can use that amount for many simple but necessary activities. A farmer (the real one, not the fake ones) can buy seeds and tools for agriculture, an artisan can procure raw materials, a shepherd can add more goats, and so on. The amount contributed would return in 12 to 18 months with an annual interest of 6%. It was like letting your money do some good work for the community without losing its value due to inflation. The investment was not for augmenting wealth but to uplift the society. I loved the idea.
It enhanced my curiosity. I was impressed but I still wanted to be cautious to start. The main reason for being cautious was that many people claim to solve the problem of underprivileged citizens. But, instead, they take advantage of the poor to emotionally attract others to contribute. Many cheaters fill their coffers, rather than passing on the benefits. So, to convince myself, that it is not another similar con factory, I enrolled on a session on Rang De that Ram conducted with prospective investors and partners.
Ram was very transparent and patient in clarifying the doubts. After an hour-long session, I was convinced and decided to start with a small investment. I was still testing it, just to be sure that I was not getting into a trap. My initial investment was distributed to 3 needy. Proper documentation with agreement was executed, all done online. That was in October 2023. Since most of the return comes monthly or quarterly, by March of 2024, almost 25% of my contributions were returned to me with 6% interest. It built my confidence and gave me great satisfaction. Buoyed by this experience, I increased my social investment to 5 times my initial trial amount. Last week, I received the first few payments from these additional investments.
Today, I am pleased that I could help sixteen needy citizens from 6 different states. These beneficiaries are into activities ranging from farming to poultry to artisan to shopkeepers and others. I could do my bit to make a difference in other’s life. I could give back to the community, without losing any value of my money.
hashtag
#RangDe
hashtag
#SocialInvesting
hashtag
#GiveBackToTheCommunity
Apr 30, 2024
Apr 30, 2024