Ramakrishna NK

Elon Musk bought Twitter for $44 billion.

But did he finance the takeover from his own pocket?

In 3 weeks, he got $25.5bn funding from 7 top banks.

Elon Musk has a net worth of $221 bn. He could have financed the entire bid himself.

But even the richest man in the world needed credit.

And banks were more than happy to provide it.

Elon Musk buying Twitter does not impact our lives and yet, millions of people are talking about it.

Meanwhile, there is a woman named Prem Kumari from Chittorgarh, Rajasthan.

She needs a ₹30,000 loan for irrigation and labor to expand her farming activities.

She has 7 people to take care of and this loan will support them for 274 days.

She has 2 options -

- Get rejected by banks because they don’t trust her to repay
- Get exploited by money lenders who charge 60%+ interest rates

She is part of the 86% Indians who don't have access to formal credit.

But they don’t get any attention.

With our P2P lending platform Rang De, she managed to raise the funds at a modest 6% interest rate.

This was not a donation but a socially conscious investment by people like you and me who believe in the entrepreneurial spirit of this country.

Through Rang De, you too can invest in entrepreneurs like Prem Kumari.

Visit our website and get started.

P.S - Link in comments.

#InvestInChange

In 2023, Mr. Mukesh Ambani took the biggest corporate loan ever in the history of India.

He secured $5 billion to expand 5G coverage.

60+ banks lined up to raise this capital for Jio.

Mr. Ambani's net worth is $120 billion. He is definitely, not short of personal funds.

But when it comes to running a business, even the richest man in Asia needs credit.

And banks are more than happy to provide it.

Meanwhile, there is a woman named Ruby from Kinni Palamu, Jharkhand.

She needs a ₹10,000 loan to renovate her grocery store for better customer experience.

She has 3 family members to take care of and this loan will support her for 546 days.

Ruby had 2 options:

- Get rejected by banks because they don’t have her formal credit history
- Get exploited by money lenders who charge up to 120% p.a.

She is part of the 87.2% Indians who don't have access to formal credit.

But have they ever got any attention?

With our P2P lending platform Rang De, she is now raising funds at a modest interest rate of 6% p.a.

These are not donations but socially conscious investments by people like you and me who believe in the entrepreneurial spirit of rural India.

Through Rang De, you too can invest in rural entrepreneurs like Ruby Devi.

Visit our RBI regulated P2P social investment platform to make your social investment.

P.S. - Link in the comments.

Last month, I had some furniture delivered from a well-known delivery app.

It was delivered by a partner who also owned the mini truck.

After delivery, he was extremely happy because it was his first order of the day.

He also said that the commission taken by the delivery app has doubled in recent months, which has lowered his income significantly.

I thought of Rang De for a moment, listening to him.

I am bombarded by people's questions like -

“How long will we survive charging interest rates between 6% and 8% p.a?“

Also, some wellwishers warn us, saying, “You will be left with no choice but to charge the industry rates“.

But for us, if we increase our interest rates, we have failed in our mission.

Rang De is not subject to market rates.

Because when you invest in rural entrepreneurs and marginal farmers through Rang De, you don’t invest in the markets.

You invest in people for whom the markets have never worked.

Smita and I are grateful to be backed by a community of equity and social investors who help us stay true to our mission.

Only because of them we are able to make credit fair, accessible, and affordable to underbanked communities.

You can also join our community of social investors and make a real change.

I welcome you to start your journey and witness the joy of social investments firsthand.

Please find the link in the comments.

#AffordableCredit #SocialInvestment #RangDe