Sunday, November 10, 2013

Social Investing



I've signed up with Rang De and made a social investment in India. The money will help a seamstress in the eastern state of Orissa improve her business. I believe that in addition to providing small scale entrepreneurs the funds to start or improve their businesses, well directed micro-credits can also break the stranglehold that usurers and traditional money lenders have on the lives of these people. By providing an option to borrow money at cheaper interest rates, micro credit organizations can contribute to tackling problems such as poverty, malnutrition, and farmer suicides. It will make a huge impact if people choose to invest just 1% of their salaries in such causes.

No comments:

Post a Comment