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MOTIVATION AND
CHALLENGES FOR SOCIAL
ENTREPRENUERS IN
MICRO-FINANCE CONTEXT
IN INDIA
Dr. Suman Ghalawat
Ms. Vandana Goyat
Dr. Renu
contents
• Need of social entrepreneur
• Leading social entrepreneur
• What is a social entrepreneur
• Social entrepreneur in Indian scenario
• Motivation for social entrepreneurship in
India
• Challenges of a social entrepreneur
• Social entrepreneurship in the micro
finance context
Need
of
Social
Entrepreneur
LIFE………….
It just last for a few days for
so many children in India.
Some present
day social
entrepreneurs
Ela Bhatt(India)
• Founder of the
Self-Employed
Women’s association
(SEWA) and the
SEWA cooperative
bank In Gujarat.
Thinlas Chorol(India)
Arunachalam
Muruganantham(India)
• The man who
Made sanitary
Napkins
Accessible for
Rural women
In India
Bunker Roy(India)
• Founder of
Bare-foot college
Which promotes
Rural development
Through innovative
Education programs
what is a social
entrepreneur?
How social
entrepreneurs differ
from non-
government
organisations
(NGO’S)
• Social entrepreneurship is the process of
bringing about social change on a major
and more effective scale than a traditional
NGO
• They aim to make broad-based ,long term
changes instead of small scale time
limited changes
• NGO raises funds through events
activities and sometimes products
• Social entrepreneurs consider the
affected people as part of the solution
and not as passive beneficiaries.
• Success of social entrepreneur is
measured not by the profit or revenue but
by the no. of people whose life have been
transformed due to his efforts
• They have to work in collaboration with
both the government and the private
sector , plugging the gap between the
policies of the administration and their
efforts to improve the society
Social
entrepreneur
in Indian
scenario
• The growth post liberalization benefited
the rich(the inc. in no. of Indian
millionaires was second only to china)
and a newly created middle class.
• What of the rest?
• Most of India or 400 odd million people
live on less than $1 a day.
• Income inequality has doubled in last 20
years
• The Gov. and NGO’s are trying, with
varying degrees of success, but their
interventions fall woefully fall short of
what is needed to combat India’s
pressing problems.
• Perhaps what is needed now is a unusual
approach.
• This is where social enterprise (socents)
can play a role.
• They use market-proven business
practices to solve social problems.
• In the world of socents, business and
philanthropy collide and strive to create a
more equitable and sustainable world.
• They may not be sliver bullet for all of
India’s gargantuan problems related to
agriculture, poverty, infrastructure,
education and healthcare, but they may
perhaps be our best bet.
Motivation for
social
entrepreneur in
India
Arvind eye care, healthcare
for all
• India has 15
million blind people
while 80% of
blindness can be
prevented and
cured
• The arvind eye care has put down the
cost of a cataract surgery from $200 to
$5.
SELCO energy for all
• 40% of Indian still don’t have access to
electricity.
• Gov. solution to build huge power plant to
provide energy to big cities, but villagers
nearby don’t have
access to this energy.
• Made non-conventional
energy accessible to all
in a decentralized way
by making solar panel for rural population
Naandi foundation nutrition
for all
• 45% of malnourished
children in the world are
Indian.
• Under a public-private partnership with
the government of india, naandi delivers
everyday 1million free, nutritious and hot
meals to school children.
• Naandi also works in the field of children
rights access to water and sustainable
livelihood.
Goonj , clothing for all
• Thousands
of kgs of
clothing are
thrown away
in India while
poorest of the
poor are
unable to dress.
• Goonj collects, recycles and distributes
20,000kg of clothing per month and is
present in 20 states in india.
Challenges
of a
social
entrepreneur
• There are no specific metrics to measure
the performance of a social
entrepreneurial venture.
• It all depends on what is the end
objective and how you can quantify that
end objective
• setting up a social entrepreneurship
venture is actually more difficult than
starting a regular business
• There are so many complications right
form registering, to society, to clearances
from RBI for micro-lending, to getting a
payment gateway online.
• There are no standardized gov.
procedure for a social enterprise.
• You can either be an NGO or a regular
company there is no concept of social
enterprise in india
Banks in India still don’t
understand the concept of
for-profit social
entrepreneurial ventures
Social
entrepreneurship
in the
context
of
micro
finance
References
• 1.http://online.wsj.com/article/SB1250121
12518027581.html
Ketaki gokhale ,a global surge in tiny loans
spurs credit bubble in slum, wall street
journal, last accessed on 12 Nov 2012
2. Youth social entrepreneurship, times of
India
3.The future of social entrepreneurship in
india, social earth august 8 2011
social entrepreneurship in the context of microfinance
social entrepreneurship in the context of microfinance

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social entrepreneurship in the context of microfinance

  • 1. MOTIVATION AND CHALLENGES FOR SOCIAL ENTREPRENUERS IN MICRO-FINANCE CONTEXT IN INDIA Dr. Suman Ghalawat Ms. Vandana Goyat Dr. Renu
  • 2. contents • Need of social entrepreneur • Leading social entrepreneur • What is a social entrepreneur • Social entrepreneur in Indian scenario • Motivation for social entrepreneurship in India • Challenges of a social entrepreneur • Social entrepreneurship in the micro finance context
  • 4. LIFE…………. It just last for a few days for so many children in India.
  • 5.
  • 7. Ela Bhatt(India) • Founder of the Self-Employed Women’s association (SEWA) and the SEWA cooperative bank In Gujarat.
  • 9. Arunachalam Muruganantham(India) • The man who Made sanitary Napkins Accessible for Rural women In India
  • 10. Bunker Roy(India) • Founder of Bare-foot college Which promotes Rural development Through innovative Education programs
  • 11. what is a social entrepreneur?
  • 12. How social entrepreneurs differ from non- government organisations (NGO’S)
  • 13. • Social entrepreneurship is the process of bringing about social change on a major and more effective scale than a traditional NGO • They aim to make broad-based ,long term changes instead of small scale time limited changes • NGO raises funds through events activities and sometimes products
  • 14. • Social entrepreneurs consider the affected people as part of the solution and not as passive beneficiaries. • Success of social entrepreneur is measured not by the profit or revenue but by the no. of people whose life have been transformed due to his efforts • They have to work in collaboration with both the government and the private sector , plugging the gap between the policies of the administration and their efforts to improve the society
  • 16. • The growth post liberalization benefited the rich(the inc. in no. of Indian millionaires was second only to china) and a newly created middle class. • What of the rest? • Most of India or 400 odd million people live on less than $1 a day. • Income inequality has doubled in last 20 years
  • 17. • The Gov. and NGO’s are trying, with varying degrees of success, but their interventions fall woefully fall short of what is needed to combat India’s pressing problems. • Perhaps what is needed now is a unusual approach. • This is where social enterprise (socents) can play a role.
  • 18. • They use market-proven business practices to solve social problems. • In the world of socents, business and philanthropy collide and strive to create a more equitable and sustainable world. • They may not be sliver bullet for all of India’s gargantuan problems related to agriculture, poverty, infrastructure, education and healthcare, but they may perhaps be our best bet.
  • 20. Arvind eye care, healthcare for all • India has 15 million blind people while 80% of blindness can be prevented and cured • The arvind eye care has put down the cost of a cataract surgery from $200 to $5.
  • 21. SELCO energy for all • 40% of Indian still don’t have access to electricity. • Gov. solution to build huge power plant to provide energy to big cities, but villagers nearby don’t have access to this energy. • Made non-conventional energy accessible to all in a decentralized way by making solar panel for rural population
  • 22. Naandi foundation nutrition for all • 45% of malnourished children in the world are Indian. • Under a public-private partnership with the government of india, naandi delivers everyday 1million free, nutritious and hot meals to school children. • Naandi also works in the field of children rights access to water and sustainable livelihood.
  • 23. Goonj , clothing for all • Thousands of kgs of clothing are thrown away in India while poorest of the poor are unable to dress. • Goonj collects, recycles and distributes 20,000kg of clothing per month and is present in 20 states in india.
  • 25. • There are no specific metrics to measure the performance of a social entrepreneurial venture. • It all depends on what is the end objective and how you can quantify that end objective • setting up a social entrepreneurship venture is actually more difficult than starting a regular business
  • 26. • There are so many complications right form registering, to society, to clearances from RBI for micro-lending, to getting a payment gateway online. • There are no standardized gov. procedure for a social enterprise. • You can either be an NGO or a regular company there is no concept of social enterprise in india
  • 27. Banks in India still don’t understand the concept of for-profit social entrepreneurial ventures
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  • 34. References • 1.http://online.wsj.com/article/SB1250121 12518027581.html Ketaki gokhale ,a global surge in tiny loans spurs credit bubble in slum, wall street journal, last accessed on 12 Nov 2012 2. Youth social entrepreneurship, times of India 3.The future of social entrepreneurship in india, social earth august 8 2011