It is easy to find inspiration in Mr. Sanju K**ar - CEO and Founder of
http://www.samrudhi-india.org.
"SAMRUDHI's mission is to empower the poor and underprivileged to become economically self-reliant by providing cost effective and need based financial services in a financially sustainable manner"
I believe empowering the local people to pull themselves out of poverty by opening access to cheap financing options is one of the surest ways in which we can help those most in need. His company is not merely a finance company but proactively educates and interacts with all of it's clients on a weekly basis; this is important when considering the literacy rates. This push in the client training side is paramount to achieving it's 100% repayment and 0.00% portfolio-at-risk objectives. The business uses a model pioneered by the
Grameen Bank, in which clients are grouped together as sort of a self-collateral. I believe this idea needs to be emulated in more places and at a faster rate.
I have emailed Mr. K**ar and will update this blog when I hear back...
You need to be a member of Urgent Evoke to add comments!
Join Urgent Evoke