By Shruti Veenam on March 22, 2010
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 [...]
Posted in Article | Tagged Embrace, Healthcare, Incubator, India, Science & Technology, Social Business Entrepreneurship, Stanford, USA |
By Nihit on September 12, 2009
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 small [...]
Posted in Article | Tagged Banking, DhanaX, Grameen Bank, India, Microfinance, Person-to-person lending, Social Business Entrepreneurship |
By Nihit on August 16, 2008
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 [...]
Posted in Article | Tagged Bangladesh, Banking, Grameen Bank, Microfinance, Muhammad Yunus, Social Business Entrepreneurship |
By Nihit on April 27, 2008
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 being [...]
Posted in Article | Tagged Arvind Eye Hospital, Healthcare, India, Science & Technology, Social Business Entrepreneurship |