Thursday, November 23, 2006

Timbaktu Organic is seeking investment

Timbaktu Organic is one of the projects of Timbaktu and notable because it is aimed at financial sustainability instead of working on philanthrophy. Ashis, who I talked about earlier, and Dinesh, the snake man, (among many other things), both work on Timbaktu Organic.
Timbaktu Organic wants to raise some of the money it needs in the form of loans from investors who believe in this kind of work. The loans will pay 5% interest. They did an earlier round of loan financing when they started working, and raised about 6 Lakhs then. Since then a lot of work has gone in and several successes demonstrated. They now are trying to raise 24Lakhs more through the loan route. The formal proposal with all the info is at the website www.timbaktu.org, see under the "Whats New" section. I hope someone is interested. I am planning to put in a little.

PS: Ahem, if you wanted to do something about my Mutyalappa post and just didn't get around to doing it, I'm still waiting ...

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