This is an email I sent to every single contributor to Project Hope on January 12, 2014, the first year anniversary of Hope.
Hi,
This is an email I sent to every single contributor to Project Hope on January 12, 2014, the first year anniversary of Hope.
Hi,
This is an email I sent to every single contributor to Project Hope on September 8, 2013.
Hi,
This is an email I sent to every single contributor to Project Hope on August 19, 2013.
Hi,
This is an email I sent to every single contributor to Project Hope on June 20, 2013.
Hi,
To begin with, there are a few who are getting this email for the first time. Well, all of you are getting this particular email for the first time but you have been getting this newsletter kind of email for sometime now and some are receiving it for the first time.
The world has changed since I last wrote to you. And it has changed a lot. Do we change with the changing times or should we act like the stiff tree and stare at the risk of being uprooted?
I started Project Hope in January. The weather was pleasant back then. So was the journey. By March, Mumbai was scorching hot and incidentally the well of Project Hope began to dry up. Everyone waited for the monsoons. Project Hope, too, waited. It arrived. By now the weather and Project Hope were tied to each other’s fate. What followed was torrential rains. We are in the midst of it. How could Project Hope not react to it?
In January, the rupee to a pound was at around 82. I budgeted at 86. Today, pound closed above 92.
What does this mean? This means that my entire expense of 23,000 pounds goes up by Rs 20,000 each time the pound gets stronger by Re 1. If I was spending Rs 19,80,000 when pound was at 86, I am spending Rs 20,00,000 when the pound reaches 87.
Currently, one pound costs Rs 92.
At this point in time I am forced to rethink. Is this too expensive? Is this even a valid question? Am I acting plain stupid now?
The cost-benefit analysis clearly is against this. But I am glad I am not good at this cost-benefit analysis. The returns on imagination is far greater than any the numerical projections.
To some this might look like my plea to ask for more money. I am not asking you for any more money. ‘From the burrow I fell. To the Earth’s core. I did not burn. I got stronger. For I was sand before.’ (Sorry, couldn’t help at trying my hand at a few lines. Clearly, poems are not for me. Also, chemistry is not one of my strong points.)
Moving on.
Although a couple of days ago I did tweet about restarting Project Hope but aborted that plan. Coming back to Twitter to find this money somehow felt like a dent to my credibility. Now you may ask that I am whining about rupee-pound on Twitter all the time. “Yeah, I am working on it,” I would say. Habit of 26 years won’t go in a day. Bear with me.
With this email, I am apprising you of the current position of Project Hope. Turning back from here is not an option. I am not turning back. We have found Rs 24 lakh and this rupee volatility is not going to stop us.
Once again, thank you for being part of this extraordinary journey. My next email to you will be of the visa stamp.
Regards
People say that the problem with me is that my writing is crude because it comes straight from the heart. I guess that explains why I am writing this email at 2.30 am and sending without editing or proofing. I can’t sleep. I am soaking in what we have just achieved. Project Hope. Rs 8 lakh. We are through.
Bajaj Capital just offered me a Rs 15 lakh loan on 0% interest rate. That’s right, you read it correct. 0%.
Is there a catch? Of course there is. Do I know what the catch is. Of course not, I don’t know.
I don’t know how these schemes work. And they way the agents sell the plans its just impossible for a naysayer like me to read between the lines.
Anyway, so here is the deal the agent tried to sell me on the phone:
For example if I go ahead with a Rs 5 lakh loan with 10 year repayment I will be paying Rs 50,000 every year.
Bajaj Capital will invest the loan repayment EMI in a life insurance policy which will have a maturity of Rs 9.60 lakh (This is where the locha is). This entire money will go to the company.
Since Bajaj will get Rs 9.60 lakh at the end of the maturity they don’t need to charge me any interest rate. Hence, I get the loan at 0% interest rate and Bajaj still makes its money on the life insurance policy.
Now I want someone to explain how this works and what is the catch.
I should update this blog a lot more often.
Let’s begin with Project Hope numbers. I have collected Rs 1,84,000 as on February 8! Isn’t that fabulous? I genuinely did not believe this was possible. Definitely I was under the influence of the most potent alcohol of all when I thought of starting this initiative – hope.
And since I was in Delhi last week I met people who happily wrote a few cheques to me! Talk of offline collection drive!
But as I said earlier, contribution is not only in terms of money. A friend was seemingly upset knowing that people don’t even have just Rs 800 to give. Well, neither do I blame her, nor do I blame you. Any sum that has the potential to change someone’s life isn’t small.
And its not about the cash totally. People are also helping me spread the word and that help crosses the ocean faster than a Concorde.
Now the repercussion.
Project Hope has slightly changed my behaviour on Twitter. Earlier I could get into arguments and mild trolling. Now I can’t. Because the people I used to argue and troll with have come out and helped me so generously that its embarrassing for me to argue with them.
Not that they have shown their discomfort but I am myself not able to separate the two.
People talk of Chinese Walls all the time. Although I have conquered one literally it is the figurative Wall that has put me in the dilemma.
But I am not complaining. Its a small price to pay. Moreover, maybe I don’t disagree with them now at all.
Possible? Yes. Hope.
I faced a couple of issues relating to my genuineness and keeping some of the identities anonymous. I am glad some of you asked questions and were satisfied with my answers. One thing I wanted to make very clear since some of you had this query. The total course fee is around Rs 22 lakh. I have half of it sorted through a bank loan and my personal savings. Its the rest that I am trying to raise through Project Hope.
Some of you said you don’t want your names to put up on a public forum. Fair enough. I deleted all names from the public file.
Some of you said you don’t want the money back. In normal circumstances I would have used it to build a fresh corpus to see the world but that can wait.
The amount of love and support I have received is simply unparalleled. This has emboldened the thought that if you set out to achieve something people will come forward to help.
A few emails were from people who are in the same boat as me and yet contributed. I just can’t thank them enough.
The last time I said so many “thank yous” was on my engagement day! That did not survive. This will.
Its time for a commitment.
In approximately four years from now I will match the money I am able to raise through this Project Hope in the coming three months. That corpus will be used to fund education of people like me.
Say Yes! to Project Hope.
Its not about money anymore. On Day 1 itself I am saying this. Yes, its not about money anymore. The absolute love people have showered upon me during the last 12 hours is in itself life altering.
How many people will just part with their money because a stranger wants to go to London to study. No questions asked. Nothing. I met these people. And whatever I deserve in life is now secondary.
Its no more my dream or goal. It is our collective goal. When I go to London its not me alone who will be going there. Its us. All of us. Including those who just encouraged me with their words. Because as I said, now its no more about the money. Its a journey. Not mine. Ours.