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In an earlier article, we had spoken about the huge potential for person-to-person lending in India and how DhanaX is tapping into this potential. Rang De is another organization working in this field. While DhanaX is a social business entrepreneurship, Rang De is a not-for-profit organization: this translates into a direct reduction in the interest [...]
There are so many little details that rush to the head and I can’t figure out where to begin. I start to feel like an eighth grader struggling with a character sketch of the protagonist of a Munshi Premchand story. My impression of Basanth is rather like one of those characters, simple with an uncanny [...]
India has the second highest unbanked population in the world - approximately six hundred and seventy five million people. More than sixty five percent of the people do not have access to a formal banking system. Only fifteen percent of the demand for credit worth ninety billion dollar is met through formal channels. Microfinance is addressing this problem. The basic idea is simple: give a very [...]
Sankalp India Foundation, in association with Comprehensive Trauma Consortium (CTC), has launched “CTC Disha: The State Wide Helpline for Blood”. In Karnataka, anyone looking for blood in time of an emergency can call 94800 44444 for help. CTC Disha for Bangalore, launched in September 2006, enables people to hunt for blood by calling 1062. This [...]
A while ago, we had published an article about Sankara Eye foundation and their awesome feat of conducting more than 250,000 free eye operations in India. A few days ago, I met their chairman – Mr. Murali Krishnamurthy. He is an incredibly down to earth and simple guy who agreed for an impromptu interview. Thanks [...]
The concept of the village, or ‘gram’ forms the core of India. Over seventy percent of her population is rural. There are more than half a million villages across the country, as opposed to five thousand or so urban settlements. And still many of us, such as me, have no direct experience of life in [...]
Posting on behalf of Divya Varadarajan. GOONJ, formed a decade ago, is an initiative to provide basic amenities to far flung villages by turning one’s wastage to another’s resource. The “goonj” of this organization is spread over twenty states in India. As of today, it has a lot of good will work to its name [...]