Priya Mohan en LinkedIn: #realestate #technology #startup

Not endorsing Rang Pe - but the post highlights the inequality in access to finance. The more I study poverty the more it seems tied to such access ! Hope that the coming ( but stuttering) crypto age will level the playing field

Elon Musk finally bought Twitter for $44 billion and fired the CEO on Day 1. But did he finance the takeover from his own pocket? When he launched the bid in April, he got $25.5bn funding from 7 top banks within 3 weeks. 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 Rajanti Meena from Tonk, Rajasthan. She needs a ₹50,000 loan to prepare for the upcoming farming season. She has 4 people to take care of and this loan will support them for 318 days! Rajanti had 2 options -  - Get rejected by banks because they don’t trust her to repay - Get exploited by money lenders who charge up to 120% p.a. She is part of the 86% Indians who don't have access to formal credit. But have they ever got any attention? With our P2P lending platform Rang De, she managed to raise the funds at a modest interest rate of 8% p.a. 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 rural entrepreneurs like Rajanti Meena who are running their startup in Bharat. Visit our rbi regulated portal and get started. P.S. - Link in comments. #InvestInBharat #InvestInRangDe

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