Category Archives: Poverty

Books Page

I just added a books page with a sampling of books in various areas of entrepreurship, development, environment and social entrepreneurial ideas – plus some random stuff 🙂

https://socialecosystem.wordpress.com/resources/books/

Will add as I get a chance. Let me know of any interesting ones you come across in any of these areas.

Enjoy

7 Rules of Low Cost Design

I came across this article that summarizes Amy Smith’s philosophy of design for low cost solutions

Here are her 7 key points. You can read the entire article on Popular Mechanics.

  1. Try living for a week on $2 a day.
  2. Listen to the right people.
  3. Do the hard work needed to find a simple solution.
  4. Create “transparent” technologies
  5. Make it inexpensive.
  6. If you want to make something 10 times cheaper, remove 90 percent of the material
  7. Provide skills, not just finished technologies.

Some of Amy’s inventions and designs are also described with diagrams in another article Small, Low-Tech Inventions for Big, World-Changing Problems on their website. Amy is an editorial advisor for Popular Mechanics.

International Development Design Summit

Yesterday I attended the final presentation of the International Development Design Summit at MIT – the brainchild of Amy Smith, MacArthur Fellow and lecturer in MIT’s Mechanical Engineering department. This, now yearly, event brought together nearly 60 students from 20 countries around the world to work together with a team of mentors and staff to tackle a number of design problems facing NGOs and non-profits in developing countries. Continue reading

Tapan Parikh – Technology Review’s Humanitarian of the Year 2007

I had the pleasure of meeting Tapan Parikh a few weeks ago when he presented on a panel at a conference to celebrate the Golden Jubilee of my alma mater, IIT Bombay. The panel focused on the latest trends in technology with the rest of the panelists discussing emerging areas in nanotechnology, biomedicine and energy. Tapan provided a refreshingly different viewpoint that emphasized the needs of the end user in developing countries. By harnessing technology to make things simpler, Tapan has provided platforms that make the daily grind of field workers in rural parts of the world a lot easier. Continue reading

Gates Foundation gets into Microsavings

The Gates Foundation has made some major investments in the area of finance over the past few years. Now, based on their findings and experiments, they are making a big push into the area of micro-savings. Traditionally rural finance has focused on providing micro-credit services to the poor. Only recently have some of the micro-finance organizations started extending their services to include savings and insurance. In most cases the issue has been local regulations and banking controls.

In a recent article in the Wall Street Journal – Giving a Lot for Saving a Little – the author points out several issues why savings schemes for the rural poor have not taken off. Among the issues identified:

  • Strict regulations on entities that hold deposits
  • Lack of remote branches that allow easy access to money
  • Too costly for traditional banks to provide services for the size of accounts Continue reading