One of the paradoxes of the developing countries is that their populations, often at great personal

Monday spending time in the non-governmental organization called Annapurna Pariwar roda a roda in Pune, located about 3 hours drive from Mumbai. These are, of course, volunteer assistance, which I got through the guide, American students at the university, which visit I wrote at the beginning of July
Annapurna Pariwar is a strange and unusual type of organization providing us with the "official" academic headed "social Enterpreneurship" or "social entrepreneurship". Here in India, these organizations growing interest of academics - myself, I had one course in the school, which is devoted to the concept of social entrepreneurship - and increasing popularity have in practice. Annapurna specializes in so-called. roda a roda microfinance. Microfinance schemes in developing theory and practice also attract attention, but the "boom" that followed the success of the first program ever in the '90s, discredited the concept of banking nature, which under that name started offering classic commercial roda a roda loans. After I have yet to Mgr. study at MU this concept roda a roda lightly given, to him I also was suspicious and skeptical. Annapurna roda a roda is, however, a wonderful example of how this model, as is done responsibly and without the intention of the staggering profits, people can really change lives.
Microfinance model essentially combines principles of classical companies roda a roda and non-profit organizations. Annapurna specifically began to loans that are most widespread type of microfinance social entrepreneurship. The difference between these organizations and traditional financial institutions is simply that organizations do not seek social entrepreneurship roda a roda in the first place, or indeed to any other, the maximum financial gain. At the same time, however, not charity, because one of the basic conditions microfinance roda a roda scheme is self-sustainability, in other words, the organization must be able to wear their activities and thus earn some profit, if it is to work and continues to develop, it must generate.
One of the paradoxes of the developing countries is that their populations, often at great personal change relatively very small sufficient finances; many people, however, does not even THESE fundamental means. Annapurna clients are almost exclusively women living in slums and dedicated to some petty business - predajkyne vegetables roda a roda on sidewalks, dressmakers correcting garments, maids assisting households, and so on. All these women would help small initial investment, for example, the purchase of wheeled carts for transporting vegetables or sewing machine, which would be returned to them in just a short time. Since banks, of course, assess the riskiness of clients according to initial capital and can be stopped, and lower interest rates with increasing amount of the loan, for these "entrepreneurs" classic bank loans essentially roda a roda unavailable. As women really need money urgently, subscribe to various non-bank "cheaters" and fall into a debt trap, which ultimately takes them and what little they have.
Annapurna so basically acts as an intermediary between the bank and the clients when such a large organization with a proven history and a good credit history assumes the risk of default, borrows scale, thereby reducing the interest rate. Money then lends his client at the lowest possible interest rate that is needed to make your own secure operation. I was surprised that the difference between non-bank loans and those that provide an organization reaches multiples percent per month. As an illustration, though it depends on whether you get a loan for 1.5 or 5 or even 10 percent month (!) Interest. Loans themselves operate on a sophisticated system roda a roda of community where women organized in small groups, each liable for their payment. Model, which is unthinkable for us, in the Indian still strongly traditional, family-and community-based companies, roda a roda works wonderfully. Annapurna also provides a portion of interest-bearing loans from the savings of their female clients who are women to be delayed a year. Thanks to this, essentially in the message as a regular bank principle, with the difference that not matched to the interests of a maximum possible, but the minimum must be obtained. Despite what you teach microeconomic theory zero profit and marginal cost and revenue, the difference is in practice often huge. (For those interested: On a purely theoretical level, one of the microeconomic theory argues that firms will over time due to the increasing competition in the previously profitable sectors to produce or provide services at their current costs and profits will not be higher than would be possible profits from other business activities.)
The company started a microloan, but gradually enriched its program of further projects on a similar principle - micro pension, life and health insurance, which, roda a roda due to the fact that it also provides families currently used in more than 100,000 people. Just mention that tells health roda a roda insurance, which is known from Europe, in India there, the vast majority of people roda a roda have health starostl