CRED, a members only credit card bill payment platform, in partnership with healthcare fundraising platform Milaap, has launched a crowdfunding campaign where members can spend CRED Coins towards oxygen for those who need it most.
Every 10,000 CRED Coin will go towards 1,000 litre of oxygen. Members can participate as many times as they’d like, with no cap on coin spends. Milaap will channel the funds raised to partners and will buy and deploy oxygen concentrators for hospitals and healthcare non-profits across India.
During the first Covid-19 wave, CRED launched a similar initiative where members contributed coins to donate over 300,000 masks for frontline workers.
CRED members receive a CRED Coin for every rupee in credit card bills that they pay on CRED. With over 5.9 million members in the CRED community, the campaign aims at raising enough funds to arrange for one billion litres of oxygen.
Those who wish to contribute more can do so on milaap.org/oxygen.
"Starting May 3, daily updates will be published on a microsite in-app until the deployment is complete. The entire value of member contributions will go towards the cause with CRED covering the administrative fees," Cred said.
Those with innovative ideas to make hospitals self-sufficient in oxygen, or convert other containers to transport oxygen, can also email oxygen@cred.club for consideration and support from the CRED Oxygen Fund.
During the first Covid-19 wave, CRED launched a similar initiative where members contributed coins to donate over 300,000 masks for frontline workers.
Update: CRED members can now donate CRED coins towards buying oxygen concentrators for hospitals, healthcare orgs across India. With a goal of 1 billion litres, we’ve partnered with Milaap to ensure contributions reach hospitals in need.
— Kunal Shah (@kunalb11) April 26, 2021
CRED members receive a CRED Coin for every rupee in credit card bills that they pay on CRED. With over 5.9 million members in the CRED community, the campaign aims at raising enough funds to arrange for one billion litres of oxygen.
Those who wish to contribute more can do so on milaap.org/oxygen.
"Starting May 3, daily updates will be published on a microsite in-app until the deployment is complete. The entire value of member contributions will go towards the cause with CRED covering the administrative fees," Cred said.
Those with innovative ideas to make hospitals self-sufficient in oxygen, or convert other containers to transport oxygen, can also email oxygen@cred.club for consideration and support from the CRED Oxygen Fund.
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