CGAP (part of The World Bank) has recently produced an analysis of SKS Microfinance IPO in India. This is the first IPO of an Indian MFI. The IPO was 13 times oversubscribed … that is, cialis 13 times more demand than availability of IPO shares. SKS priced at the high end of their range with… Continue reading SKS Microfinance IPO Report
Vikram Akula, Founder and Chairman of SKS Microfinance of India and Muhammad Yunus, founder of Grameen Bank of Bangladesk, Nobel Peace Prize recipient and author meet for an interview at Clinton Global Initiative this week. I met Vikram in Hyderabad back in 2005 just as they were transforming from a non-profit to a commercial entity… Continue reading SKS and Grameen Bank Founders meet up
In a recent article titled, Power to the People, The Economist provided a helpful round-up of some of the latest energy innovations targeting the 1.5B people who have unreliable or intermittent access to electricity and other modern energy sources. I’ll use the short-hand term “energy outsiders” to refer to this group. Here are a few… Continue reading Micro-energy innovations
A new report highlighted by The Economist, reports that 3 out of 10 new workers in the next decade will be in India. That’s right, India. Not China. By 2020, India will add 110M new workers. A few stats on India’s worker landscape: Expect that about 1/3 of those people will work in the services… Continue reading India — the world’s big new workforce
I wish I had posted this closer to the announcement date, but I still think this will be helpful for people who care deeply about Unitus and microfinance/poverty alleviation… I am a board member of Unitus, a global poverty 501c3 charity which recently announced that it is redirecting its efforts from microfinance to new areas of reducing global… Continue reading Questions about Unitus changes
Researchers at the Oxford Poverty and Human Development Initiative at the University of Oxford have created a new way of measuring poverty which takes into account more factors than income. Called the “Multidimensional Poverty Index”, it includes factors such as: Does a family have a dirt or dung floor? Do they have a decent toilet/latrine?… Continue reading A better measure of global poverty?
I was at an interesting Seattle Social Venture Partners event tonight for a discussion on philanthropy. Doug and Maggie Walker very openly shared their journey along the path of giving their time and money towards their passions. One of the words that seemed to keep jumping out at me tonight was the term “non-profit.” Some… Continue reading Why do we call them non-profits?