Posted on July 11, 2009 by Raj Melville
In the past decade, much progress has been made in India and people have been justifiably proud of the improving economic situation. While most observers point to the top line numbers that show the number of people living below the “poverty line” has been consistently decreasing, by focusing on just these aseptic numbers, they fail to understand and capture the continuing anguish in the rural countryside. Read more »
Filed under: BOP, India, Poverty, Rural Consumer, Rural Development, Rural Education, Sanitation, Schools, bottom of the pyramid, water and sanitation | Tagged: Agricultural Development, BOP, George Foundation, India, Poverty, Rural Development, Rural Education, Shanti Bhavan, Social Impact, World Bank | Leave a Comment »
Posted on June 24, 2009 by Raj Melville
Couple of months ago we had the privilege to host Mr. N. Srinivasan in Boston. Mr. Srinivasan is the author of the ‘Microfinance in India: State of the Sector Report 2008’. He also capped off his 25 year career at National Bank for Agriculture and Rural Development (NABARD) as Chief General Manager for his last 6 years.
Over an informal dinner with a number of interested locals, Mr. Srinivasan spoke extensively about the issues facing the current crop of Microfinance institutions (MFIs) in India. The recent focus on MFIs after Prof. Yunus got his Nobel Prize has increased the visibility for these institutions and has also accelerated the flow of funds to this sector creating almost another bubble. From Boston, Mr. Srinivasan went to the San Francisco/Silicon Valley area where he met with Bhalchander (Bala) Vishwanath, who is himself a budding online micro lending entrepreneur. Read more »
Filed under: Investment, Micro-enterprises, Social Ecosystem, micro-finance, microfinance, sustainable development | Tagged: India, micro-finance, microcredit, microfinance, NABARD, savings, sustainable development, yunus | Leave a Comment »
Posted on June 24, 2009 by Raj Melville
Well one year, 68 posts and several thousand hits and readers later – we are still here ! Thank you all for following me and my ramblings. I hope to continue with these observations, highlighting some great organizations and commenting on others. As always feel free to comment or correspond with your thoughts and ideas.
Filed under: Social Ecosystem, Social Entrepreneur | Tagged: Happy Birthday | Leave a Comment »
Posted on June 16, 2009 by Raj Melville
For the first time TIECON EAST – TiE Boston’s annual conference on entrepreneurship and innovation – had a dedicated track on Social Enterprise. The three panels in the track – ‘Healthcare Innovation in a Global Village’, ‘IT & Communications for the Developing World’ and ‘Feeding 9 Billion people’ – were all well attended and engaged the attentive audience with the incisive discussions. Here are some excerpts from an article I wrote for Lokvani about the sessions. Read more »
Filed under: Agricultural Development, Conference, Food, Health, India, Information Technology, Investment, Micro-enterprises, Rural Development, Social Business, Social Ecosystem, Social Entrepreneur, environment, international development, micro-finance, microfinance, mobile technology, social Innovation, sustainability | Tagged: Agricultural Development, Boston, Conference, Food Supply, Health, India, Information Technology, internet, micro-finance, microcredit, mobile technology, Rural Development, Social Business, Social Ecosystem, Social Entrepreneur, Social Impact, sustainability, sustainable development, Sustainable ventures, TIECON | Leave a Comment »
Posted on June 9, 2009 by Raj Melville
In 2005 Kiva launched a website that allowed individuals to provide small loans to needy entrepreneurs around the world. The money was directed through microfinance institutions (MFIs) to their customers. When the site launched it had only 7 businesses in Uganda. Then their story got picked up by the Daily Kos and donations started flooding their site. With all the subsequent publicity Kiva was unable to line up beneficiaries fast enough to keep up with the donations coming in and for a while had to put a hold on its site.
Fast forward to 2008, Bala Vishwanath, an alum of top Indian tech and management schools – IIT and IIM – saw an opportunity to unstick the Kiva bottleneck and to multiply the social impact of every dollar. He quit his job and worked to setup www.UnitedProsperity.org United Prosperity helps provide loan guarantees that enable poor entrepreneurs to borrow from Microfinance Institutions to build their enterprises in developing countries. Read more »
Filed under: India, Micro-enterprises, Philanthropy, Social Business, Social Ecosystem, Social Entrepreneur, bottom of the pyramid, international development, micro-finance, microfinance, social Innovation, sustainable development | Tagged: India, Kiva, micro-finance, microcredit, microfinance, Philanthropy, Social Business, Social Ecosystem, Social Entrepreneur, Social Impact, social Innovation, Social Investment, sustainable development, United Prosperity, yunus | 1 Comment »
Posted on May 15, 2009 by Raj Melville
A minor digression from this blog’s main theme. I recently visited India and was smack in the middle of the Indian elections. Wrote a short piece with my observations. Here is the entire piece from the original site www.Lokvani.com
An Exercise In Democracy Read more »
Filed under: India, Politics | Tagged: India, Politics | 2 Comments »
Posted on May 13, 2009 by Raj Melville
In response to my recent post on Rural Consumers, Joost Bonsen of MIT commented.
Thanks much for your survey of the rural consumer landscape in India. I’m curious how what you’re observing either reinforces or differs from the Hart-Prahalad BOP thesis and the cases they give, such as Hindustan Lever, etc. Plus how much of the consumer goods sector is dominated by MNCs or affiliates versus homegrowns? And finally, what’s the rural analog to Walmart or the old Sears Roebuck catalog or other innovations in the distribution systems?
I got to thinking about what he had asked and decided to write up a separate post instead of replying as a comment. So here goes. Read more »
Filed under: Agricultural Development, BOP, India, Poverty, Rural Consumer, Rural Development, Rural Education, Rural Entrepreneur, Social Business, Social Ecosystem, Social Entrepreneur, bottom of the pyramid, international development, social Innovation, sustainable development | Tagged: Agricultural Development, BOP, eJeevika, rural BPO, Rural Consumer, Rural Development, Rural Education, Rural Entrepreneur, sustainable development, Vigyan Ashram | 3 Comments »
Posted on May 11, 2009 by Raj Melville
I had gotten a copy of Acumen Fund founder, Jacqueline Novogratz’s, book “The Blue Sweater” a couple of months ago and had kept promising myself that I would read it. Finally as I was leaving on a short trip to India, I threw it in my bag hoping to get to it during my visit. As the long 15 plus hour trip from Newark to Bombay stretched before me, I settled myself in as best as I could and opened the book expecting to read a few pages and then sleep as much as possible for the rest of the flight.
Once I started reading I was hooked. Before I knew it I had plowed through the entire volume. This is an extraordinary and powerful book. My personal interest in social entrepreneurship, particularly in solving issues in the developing world, had led me to peruse many books in the field – from the seminal one by David Bornstein to Jeff Sachs and Prof. Yunus. Each provided a perspective on development with solutions and suggestions. Yet somehow this book was different. Read more »
Filed under: BOP, Health, Information Technology, Investment, Philanthropy, Social Business, Social Ecosystem, Social Entrepreneur, bottom of the pyramid, international development, micro-finance, social Innovation, sustainable development, venture philanthropy | Tagged: Acumen Fund, BOP, Health, Information Technology, international development, micro-finance, Philanthropy, Social Business, Social Ecosystem, Social Entrepreneur, social entrepreneurship, Social Impact, social Innovation, Social Investment, Sustainable ventures, venture philanthropy | 2 Comments »
Posted on May 6, 2009 by Raj Melville
I have been in India for the past week and one of the trends I have noticed is the increased focus on the rural market. Perhaps it is the ongoing elections or maybe the global recession, but companies across the board seem to have a renewed emphasis on targeting the rural consumer.
Culling thru the headlines there are a few key facts that seem to stand out: Read more »
Filed under: Agricultural Development, BOP, India, Investment, Poverty, Rural Consumer, Rural Development, bottom of the pyramid, micro-finance, microfinance, mobile technology, sustainable development | Tagged: BOP, Coca Cola, eJeevika, GE, India, micro-finance, mobile technology, Poverty, rural BPO, Rural Consumer, Rural Development, Social Impact, sustainable development, Wall Street Journal, WIPRO | 3 Comments »
