Urgent Evoke

A crash course in changing the world.

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...

Views: 18

Comment by Ken Walling on March 7, 2010 at 1:49pm
I saw something similar on an educational program once. I don't recall the names of the organizations involved. Do you know if either of the companies mentioned in you post were a part of a television program?

Could you describe how the "grouping together" works as "self-collateral"? I'm not familiar with this concept.

I really like the idea of meeting weekly. The Mankind Project, a men's support organization I joined back in 2001, utilizes weekly meetings in a distributed manner. The active members of MKP meet weekly in what they call I-Groups (or Integration Groups). During their New Warrior Weekend, each man develops a mission for their lives. In the weekly meetings, men have an opportunity to live their missions, and utilize each other to help them stay accountable to their own missions, and maintain integrity with what they have said they will do. While a person can stray, if they want to, the group helps them help themselves by providing virtual safety-rails, to keep them on their personally chosen course.

I hope to hear more about MicroFinance from you. :)

Comment by Chris Breslin on March 7, 2010 at 4:28pm
I am not sure if they were specifically in a TV show, but the microfinancing concept has been around for years. I believe technology has gotten to the point now though, that this idea's viability has really increased.

The grouping together idea makes sense. All of the women that are loaned money through this organization have no land or cars or anything that a traditional loan would use as collateral. Thus, the concept is to group clients into sets of five, and if one client defaults the other four have to repay that loan. It really pushes communities to work together.

Each week representatives go to the villages to collect loan repayments and work with clients to ensure they are using proper money management.

I think starting a targeted finance company in a developed nation can really benefit organizations like SAMRUDHI as well as provide average citizens a way to invest money (with a better ROI than any traditional bank CD will give you) and at the same time giving those a morality boost.


You need to be a member of Urgent Evoke to add comments!

Join Urgent Evoke

Latest Activity

Ning Admin is now a member of Urgent Evoke
May 17
N updated their profile
Sep 25, 2020
Sophie C. commented on Asger Jon Vistisen's blog post Stinging Nettle
"I love that you've brought this to attention. An extensive database of uncommon but resistant and hardy plants/foods could be developed and organized by climate. Ease of growth and processing should also be taken in to account. I will try to…"
Aug 19, 2020
Meghan Mulvey posted a blog post

Fourth of July on the Lake

This past weekend was the annual celebration at the lake house in Connecticut. It is amazing that the lake is still so clear and beautiful after all these years. The watershed association has done a wonderful job protecting these waters from the damaging effects of development.The wood grill was finally ready to cook on, so we didn't miss the propane tank fueled grill anymore. The food actually tasted fresher than in the past and was easy to keep fueled.Dad was very proud of the solar hybrid…See More
Jul 6, 2020
Asger Jon Vistisen posted a blog post

Stinging Nettle

In this blog post I will focus on a plant that is abundant in our nature, and which is immensely nutritious. It's of course the Stinging Nettle. Let's start with the chemical constituents of this plant:37 % Non-Nitrogen-Extracts19 - 29 % Ash9 - 21 % Fiber4 % Fat22 % ProteinOnce the leaves are drid, their protein content can reach an astounding 40 %, which is much higher than beef, which even under the best of circ**stances can never exceed 31 % protein. In addition the Stinging Nettle consists…See More
Apr 13, 2020
Jonathon McCallum posted a blog post

The meal

It is 7'oclock, I was late home from work due to an assignment that i wanted to get ahead on. By the time I get home I am feeling extremley tired and I cannot be bothered to make a proper meal. I walk to the fridge and open it to see what there is for me to eat. All of the out of date foodstuffs have been automaticaly thrown away by the fridge, they will be recycled tomorrow as animal feed or something. I see i have organic local eggs and some local cheese. Foods are vacc** sealded for easy…See More
Mar 10, 2020
Jean Paul Galea shared a profile on Facebook
Mar 1, 2020
Kevin posted a blog post


FutureToday is 2020/1/1. It is just like yesterday. The war is still continuing. It has started since 2010. In 2010, that year was a horrible year. Almost every energy ran out. Every country’s governments were crushed down at the same time. There were riots everywhere. All of the big company’s bosses were killed xdeadx in the riots. Troops fought each other everywhere. Food was bought up xawayx at once. There were no more food supplies in any shops. The economy was all crushed down. All the…See More
Jan 1, 2020
Namwaka Mooto posted blog posts
Jan 13, 2016
T D updated their profile
Sep 3, 2015
Brook Warner posted blog posts
Aug 25, 2015
Santiago Vega posted blog posts
May 5, 2015
Santiago Vega commented on Santiago Vega's blog post Act 8
May 5, 2015
Santiago Vega posted photos
May 5, 2015
Rico Angel Rodriguez posted blog posts
May 2, 2015
Rico Angel Rodriguez posted a photo

public servants

The exchange works directly for state and public workers and servants. It gives them credit in exchange for the amount of public work they contribute to the community. The more constructive they are based off a base rate the more credit they recieve.
May 2, 2015

Follow EVOKE on Twitter

Official EVOKE Facebook Page

EVOKE RSS Activity Feed

© 2023   Created by Alchemy.   Powered by

Badges  |  Report an Issue  |  Terms of Service