We just implemented this for a good cause!
The concept:
WHOM DID WE SUPPORT?
Save Indian Farmers organization distributed loans to farmers in Karnataka beginning of 2016. Farmers have already started repaying the loan amount steadily. The loan repaid by these farmers has been invested to support Manipur farmers. Each of these farmers received loan amount of Rs. 12,000. Please see report below on how one time investment by different donors has helped beyond the person they have supported and helped multiple farmer families.
Elangbam Chaobi Devi, a 55 year old widow who resides with her daughter in a village of Manipur has been cultivating vegetables for over two decades to make a living. Her income comes from selling fresh produce at wholesale rate in the local market. Elangbam Chaobi received loan through Rang De to buy good quality organic seeds, fertilizers, pesticides, etc. in bulk quantities from the wholesale market. She hopes it will maximize her yield and grow her income and enable her to save for her slowly approaching old age.
Shapam Sanahanbi Devi lives in Wabagai, Manipur and grows potatoes for living. Loan received through Rang De will help her buy necessary supplies for potato farming.
Sapam Mikoi Devi tried her hand in weaving, moving out of her conventional occupation of vegetable cultivation. However, her limited knowledge in salesmanship, market demand analysis, and networking resulted in a failed attempt and she is going back to her conventional occupation and has received a loan from Rang De to purchase cornmeal, seeds, pesticides/fertilizers etc. we hope that she has successful comeback with the help she has received.
Shapam Sharmila Devi is a chilly farmer and harvests a special kind called Uo Morok. The demand of this specific variety is very high and the potential market is growing. With her limited financial sum she has been pushing along. She needed extra funding to explore the market. Loan from Rang De will give her that extra push so that she could head up to a stable state in terms of economic situations.
The higher the reserve requirement, the tighter the money supply, which results in a lower multiplier effect for every dollar deposited.