Comments on: United Prosperity and Rails to Help Billions of Small Entrepreneurs http://rubylearning.com/blog/2008/10/23/united-prosperity-and-rails-to-help-billions-of-small-entrepreneurs/ Helping Ruby Programmers become Awesome Fri, 18 May 2012 22:54:47 +0000 hourly 1 http://wordpress.org/?v= By: THE SMALL BUSINESS BLOG » Blog Archive » India Small Business News Round-up - 30/10/2008 http://rubylearning.com/blog/2008/10/23/united-prosperity-and-rails-to-help-billions-of-small-entrepreneurs/comment-page-1/#comment-89584 THE SMALL BUSINESS BLOG » Blog Archive » India Small Business News Round-up - 30/10/2008 Thu, 30 Oct 2008 12:36:29 +0000 http://rubylearning.com/blog/?p=695#comment-89584 [...] United Prosperity and Rails to Help Billions of Small Entrepreneurs: There are billions of small entrepreneurs all over the world who need a small loan to start or grow their businesses. However banks will not lend to them without collateral. Most of these small entrepreneurs are poor and have no … [...] [...] United Prosperity and Rails to Help Billions of Small Entrepreneurs: There are billions of small entrepreneurs all over the world who need a small loan to start or grow their businesses. However banks will not lend to them without collateral. Most of these small entrepreneurs are poor and have no … [...]

]]> By: Bhalchander Vishwanath http://rubylearning.com/blog/2008/10/23/united-prosperity-and-rails-to-help-billions-of-small-entrepreneurs/comment-page-1/#comment-88796 Bhalchander Vishwanath Thu, 23 Oct 2008 16:50:05 +0000 http://rubylearning.com/blog/?p=695#comment-88796 Hi Marcos, Thank you. We are not yet operational so we do not know the impact of the current financial crisis. But from what I have read, there is considerable interest in social investing amongst the general public. So in the short run, we may have ups and downs but in the long run, I think there is considerable potential. Check slide 2 of this presentation, the latent potential for social investing in the US is estimated at $22B :http://www.slideshare.net/dmc500hats/svmn-meeting-ebay-microplace-karl-willey We want to make this model available all over the world and we have designed the technical infrastructure to support that ( i.e. controller layout, data model etc.). However getting the concept across to partners and getting contracts finalized takes considerable time and effort. Hence we want to first pilot it and have an operational model in place, before we take it all over the world. Cheers, Bhalchander Hi Marcos,
Thank you. We are not yet operational so we do not know the impact of the current financial crisis. But from what I have read, there is considerable interest in social investing amongst the general public. So in the short run, we may have ups and downs but in the long run, I think there is considerable potential. Check slide 2 of this presentation, the latent potential for social investing in the US is estimated at $22B :http://www.slideshare.net/dmc500hats/svmn-meeting-ebay-microplace-karl-willey

We want to make this model available all over the world and we have designed the technical infrastructure to support that ( i.e. controller layout, data model etc.). However getting the concept across to partners and getting contracts finalized takes considerable time and effort. Hence we want to first pilot it and have an operational model in place, before we take it all over the world.

Cheers,
Bhalchander

]]> By: Marcos Ricardo http://rubylearning.com/blog/2008/10/23/united-prosperity-and-rails-to-help-billions-of-small-entrepreneurs/comment-page-1/#comment-88778 Marcos Ricardo Thu, 23 Oct 2008 13:24:07 +0000 http://rubylearning.com/blog/?p=695#comment-88778 Hi, First of all that is a great initiative, congratulations Bhalchander. I would like to know the impact of the current international financial crisis on this project, and if it is specific to India or if it will be available all over the World. Thanks. Hi,

First of all that is a great initiative, congratulations Bhalchander.

I would like to know the impact of the current international financial crisis on this project, and if it is specific to India or if it will be available all over the World.

Thanks.

]]> By: Vasudev Ram http://rubylearning.com/blog/2008/10/23/united-prosperity-and-rails-to-help-billions-of-small-entrepreneurs/comment-page-1/#comment-88719 Vasudev Ram Thu, 23 Oct 2008 02:08:44 +0000 http://rubylearning.com/blog/?p=695#comment-88719 Thanks, Bhalchander. I get it now. Will check out the link. - Vasudev Thanks, Bhalchander. I get it now. Will check out the link.

- Vasudev

]]> By: Bhalchander Vishwanath http://rubylearning.com/blog/2008/10/23/united-prosperity-and-rails-to-help-billions-of-small-entrepreneurs/comment-page-1/#comment-88706 Bhalchander Vishwanath Thu, 23 Oct 2008 01:22:34 +0000 http://rubylearning.com/blog/?p=695#comment-88706 Hi Vasudev, The loan to the MFI is made by the bank. Most banks are happy to lend to the MFI with a partial guarantee and therefore the guarantee is typically for only a part of the loan amount. There are other benefits of the guarantee model as well. You could check http://www.wiseclerk.com/group-news/countries/us-unitedprosperityorg-guarantee-a-microloan-to-small-entrepreneur-in-india/ where I have listed out other advantages and also how the guarantee ratio is determined. - Bhalchander Hi Vasudev,
The loan to the MFI is made by the bank. Most banks are happy to lend to the MFI with a partial guarantee and therefore the guarantee is typically for only a part of the loan amount. There are other benefits of the guarantee model as well. You could check http://www.wiseclerk.com/group-news/countries/us-unitedprosperityorg-guarantee-a-microloan-to-small-entrepreneur-in-india/ where I have listed out other advantages and also how the guarantee ratio is determined.
- Bhalchander

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