From the category archives:
Having shaken up the conventions of banking by arguing that credit is a fundamental right to help the poor in his native Bangladesh get loans for small business ventures, Nobel Peace Laureate Muhammad Yunus has set his sights on another shake-up: university education.
“Education needs to be integrated with life, with real experiences, action,” said the man [...]
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Regulatory compliance requirements will drive future technology spending”
Kalpesh Desai, CEO, Agile Financial Technologies, spoke to Nivedan Prakash about trends in the banking industry and his company’s foray into the Indian microfinance business
Has the Indian banking industry come of age and what role has IT played in it?
I think we must give credit to the RBI for [...]
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BASIX is a new generation livelihood promotion institution established in 1996 in India. It is headquartered in Hyderabad, Andhra Pradesh. Vijay Mahajan (born 1 October, 1954) is an Indian social entrepreneur and chairman of BASIX, a group he founded in 1996.
Today, BASIX has supported the livelihoods of over a million rural poor households, of which [...]
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Bhalchander of United Prosperity has an Interview of N Srinivas on the United Prosperity Team Blog.
Bhalchander: It is my great pleasure to have with us on email Mr. N Srinivasan, author of the ‘Microfinance in India: State of the Sector Report 2008’. The unabridged report is also available in several bookstores including amazon. Mr. N Srinivasan [...]
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As skeptics argue about the lack of evidence proving the tangible effects of microfinance, and investors demand construction of exhaustive metrics to prove its impact, a set of changemakers belonging to a school of thought that sees impact beyond measurement quietly go about their work. Ela Bhatt, Founder of the Self Employed Women’’s Association (SEWA) [...]
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‘Micro-finance most cost-effective, efficient way of reducing poverty’
Washington-based Micro-credit Summit Campaign strives to coordinate amongst and give directional inputs to the micro-finance institutions and self-help groups across the world. Micro-credit to the poor is becoming less and less donor-driven. A large part of the micro-finance resources now comes from the savings of self-help groups. Sam [...]
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‘We’ll be bigger than Grameen Bank by 2010′
It has been a pretty dramatic change for Suresh Gurumani, a banking veteran with over 22 years of experience. From developing a retail banking network for Barclays in India, he is now selling loans with a ticket size of only Rs 10,000 in rural India. He spends his [...]
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From the McKinsey Quaterly
Jacqueline Novogratz discusses the challenges that divide and unite today’s philanthropic community.
MARCH 2009
As global philanthropy reshapes itself to accommodate a widening array of private-sector involvement and a blend of private and public investment, discussion of both the ethics and effectiveness of these diverse methods has moved front and center. In this video [...]
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INTERVIEW/ Muhammad Yunus: Selfless side of humans can overcome crisisDHAKA–A new business model that puts top priority on contributions to society instead of maximizing profits will hold the key to overcoming the current global financial crisis, Muhammad Yunus, a Bangladeshi economist and managing-director of the Grameen Bank, said in a recent interview with The Asahi [...]
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S E Investments is one of the few non-bank companies who are into microfinance. The company has more than 86,000 customers and a portfolio of Rs1.85bn. It has operations in Jaipur, Jodhpur, and Delhi among other places. The company has created over 500 Self Help Groups (SHGs) to reduce risk and ensure increased business returns. [...]
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LUNCH WITH BS: Nachiket Mor`Mor` financial inclusionSunil Jain / New Delhi December 16, 2008, 0:28 ISTThe man who could have been a contender for ICICI Bank’s corner office is happier taking a crack at getting low-cost credit to the rural masses.He has worked for a hedge fund while doing a PhD, been on the board [...]
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Nancy BarNancy Barry is the ex-head of the world Bank’s Global Industry Development Group and former President of Women’s World Banking. Over the last two years, Barry has built Enterprise Solutions to Poverty (ESP), which engages industry leaders and entrepreneurs in building inclusive growth strategies, both in India and other emerging markets. Forbes magazine has [...]
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