I have been approached by so many kindhearted people. And I am grateful to have them. In this heartbreaking situation, I wanted to make couple of things clear- the fund we collect here will be used either to buy basic needs or reconstruction materials. I am still in the process to setting up contacts with trustworthy persons back home. And I want to cut the bureaucratic nightmare when my people are in real need. Before everything resumes to normal, please pray for folks in Nepal and consider contributing to us or anybody else you deem is trustworthy.
(PS picture used here is downloaded from setopati.com)
Nepal's Prime Minister has announced a relief package of distributing approx $2,000 for reconstruction to earthquake victims. It has also announced some upto $25,000 loans with 2% interest rates (APR) depending on geographical location.
We shall see the overall national fiscal impacts of this measure. It might creep up inflation (that has remained over 10% for the past decade). As well as thats almost 20% of the government's annual expenditure. As much as I support to help victims, I am cautious about such a blanket measure.
I will keep you posted on events unfolding in Nepal.
I have been able to generate $6,510 of my $10,000 goal to help #earthquakevictims from 56 donors. I have requests from ten persons already (not victims but volunteers). I want to help everybody. My goal is to help in rebuilding efforts with level of severity and economic strength of victims. Priority will be given to somebody who is relatively worse off! (Not a single penny will go to my family.)