What amazes me is the sheer amount of good work going on around us – like the river Saraswati.. quiet, underground, relentless..
This post is about Aavishkaar..
Here it is in their own words:
The firm provides micro-equity funding (Rs. 10 lacs to Rs. 2 Crore), approximately USD $20 thousand to USD $500 thousand) and operational and strategic support to commercially viable companies increasing income in or providing goods and services to rural or semi-urban India.
Here are the key words: (aka, why i loved the concept)
Equity : This is important. This means that the enterprise being invested in, is not put under the strain of an interest burden. This also means that the entrepreneur gets access to money without being bound to a payout schedule. When working capital is marginal, this can be an important feature.
Operational and Strategic Support: This part, me likes best. Micro entrepreneurs have the feel of the ground, but not enough support in terms of operational efficiency or Strategy formulation. In these areas, a support at the right time can mean the difference between a creature surviving from day to day, and an organisation planning its growth deliberately, firmly, surely.
Income: Anything that generates income at the micro level, in the rural and semi urban areas, is good. Simply because it creates livelihood without displacement.
Read more on their website : www.aavishkaar.org