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That little extra warmth to save a life
One evening, about 2 months ago, I went for an event in Mumbai. I had no idea about what this was about as I was simply accompanying my colleagues. It turned out to be a awareness event about Embrace. By the end of the event I was so impressed by the product, I decided to [...]
Become a social investor!
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 [...]
Bank on them!
Once, on my way back home, I struck up a conversation with an auto driver about his job. He did not own the auto he was driving. He had taken it on rent for INR 150.00 for half a day, from 6:00 am to 6:00 pm. For the other half, it was rented out to [...]
Let them see…
It does not surprise me that many people around me think that converting a not-for-profit organization into a profitable business is a terrible idea – not so long ago I would have whole-heartedly agreed with them. Today, certainly not. Aravind is a good example of how a business can be profitable and self-sustaining, while not [...]