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India’s Demographic Dividend: The Impact Opportunity in Student-Led Social Business
India's social enterprise sector is growing fast, but its overall startup ecosystem doesn’t support social businesses as much it does “commercial” enterprises. And the support it does offer tends to be directed toward larger, more established companies, hampering the sector's broader growth. According to Geet Kalra at Yunus Social Business and Nandan Luthra at Novartis, India can turn this around by leveraging its huge youth population to build multiple small enterprises, through a model called student-led social business. They discuss the potential impact of this innovative approach.
- Categories
- Entrepreneurship
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Why Africa’s Energy Sector Needs Transparency: A Q&A with the Head of KawiSafi Ventures, Acumen’s for-Profit Energy Fund
While investing patient capital into for-profit firms has been Acumen’s MO for decades now, the organization itself has remained a non-profit. But in April, Acumen announced that it was doing something it hadn't done before: creating a commercial investment fund. Called KawiSafi Ventures, the for-profit fund has lined up $70 million to boost clean energy firms – and therefore clean energy access – in East Africa. Managing Director Amar Inamdar explores the fund's focus on scalable businesses, and why debt and equity need to start playing nice with one another in the sector.
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MSMEs Are the Backbone of Developing Economies: New Research Shows How Digital Platforms Can Boost Their Impact
To keep pace with the growing youth population, 600 million new jobs must be created globally over the next 15 years. Micro, small and medium-sized enterprises (MSMEs) will be key to that effort, say Alina Kaiser at Caribou Digital and Annabel Schiff at the Mastercard Foundation’s FiDA Partnership. They explore how digital platforms can boost MSMEs in emerging markets, based on learnings from 27 micro-entrepreneurs in Kenya.
- Categories
- Entrepreneurship, Technology
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When Failure is Not an Option: Understanding – And Accelerating – the Success of Refugee Entrepreneurs
This World Refugee Day, the global community is experiencing the highest level of displacement on record. Though entrepreneurship can provide a route to livelihood for which resilient, community-oriented refugees are particularly suited, they often struggle to surmount barriers of language and discrimination, on top of the high failure rates that are typical of small businesses. Amy Gillett and Kristin Babbie Kelterborn at the William Davidson Institute share lessons from support programs helping refugees overcome tough odds to economically enrich their host countries.
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- Entrepreneurship
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Bringing Biogas to Billions: Why PAYGO Could be the Key to Scaling the Industry
Small scale biogas digesters (biodigesters) convert animal manure into biogas for clean cooking and high-quality organic fertilizer. The technology is hardly new – in fact, it's been around for 150 years. But for farmers to benefit on a mass scale, companies will need to lean on new technology and innovative business models, writes Ben Jeffreys, CEO of ATEC* Biodigesters International. That means learning the lessons of the off-grid solar industry and devising new pay-as-you-go models to enable the inclusion of low-income customers.
- Categories
- Agriculture, Energy
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Dragons Scale Naturally; Social Enterprises Don’t: Here Are Four Tips That Make It Faster and Easier for Every Entrepreneur
If you’re a social entrepreneur, here's some bad news for you: You weren’t born to scale. According to Rob Shelton at the Miller Center for Social Entrepreneurship, in reviewing 100 enterprises from the past 10 years, the Center found that less than 10% were able to scale successfully. But he also offers some good news: In spite of the odds, you can learn to scale successfully – if you're willing to shift management gears, learn some new things and push beyond your existing model. Shelton shares a straightforward process that can make scaling possible for every entrepreneur.
- Categories
- Entrepreneurship
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Scaling your Social Enterprise – While Handling your Success: A Q&A with Microfinance Pioneer Alex Counts
Few people know more about the opportunities and pitfalls of scaling a social enterprise than Alex Counts. A seminal figure in microfinance, he led Grameen Foundation's growth from a $6,000 start-up to a $20 million powerhouse, while playing a key role in the often turbulent expansion of the broader microfinance sector. NextBillion caught up with Counts to discuss his latest book, “Changing the World Without Losing Your Mind.” The book – and this Q&A – provide essential advice for social impact leaders working to grow their organizations – and dealing with the new tensions scale can bring.
- Categories
- Entrepreneurship, Finance
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Big Challenge, Simple Solution: Could Bookkeeping Take India’s Small Businesses from Good to Great?
Small businesses tend to dream big and start small, but somewhere in the middle they do not grow. According to Vikas Kabra at Menterra, in his interactions with small merchants in India, he's noticed a surprisingly simple obstacle to their growth: a lack of bookkeeping. Out of hundreds of micro-merchants he has interacted with, barely any track their day-to-day business performance. Kabra discusses the problem, and calls for new tech-based solutions that could make bookkeeping fast, easy and approachable for small business owners.
- Categories
- Entrepreneurship, Finance
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