Articles by Simmi Sareen
The author, Simmi Sareen, visited an island chain in the Indian Ocean. One island, Kadmat, has a solar plant that provides all the comforts travelers have come to expect. Another, Thinnakara, runs on undependable diesel power. Solar is the key that has enabled Kadmat's tourism-based economy to hum, Sareen says, and Thinnakara's could, too, if it would transition from diesel.
Renaud Laplanche, the CEO of industry pioneer Lending Club, resigned in May amidst rumours of fraud and malpractice. Since then, critics have been trying to write off marketplace lending as a flawed business model. But it's too early to discount the value of the entire industry – especially as it emerges in markets like India and China to address the critical needs of SMEs.
In India, hundreds of entrepreneurs are setting up innovative social businesses. They are able to access equity funding for early stage enterprises, but once they are past the proof of concept and need working capital, they hit a funding snag. Simmi Sareen explains this critical gap in the financial ecosystem, and how funding based on business fundamentals can address it.