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As a college student in this technological era, I’ve felt the constant burden of having to pursue a “practical” degree. A career advisor once told me that those who pursue liberal arts majors and enter finance, consulting or technology are not the exceptions. Not exactly resounding support. They are the norm.
As a college student in this technological era, I’ve felt the constant burden of having to pursue a “practical” degree. A career advisor once told me that those who pursue liberal arts majors and enter finance, consulting or technology are not the exceptions. Not exactly resounding support. They are the norm.
Where a solar light can simply be turned on to show its value, a stove demo requires 30 minutes of time and extensive training about the technology. Experiment #5: Microfinance Institutions. Customers show up regularly to take out loans, arrange payments, and track their finances. I am the cofounder and CEO of BioLite.
Another reason is that investors are myopically infatuated with snazzy technology. And across 11 countries Azuri Technologies provides lighting to villagers not connected to the grid by offering solar panels on micropayment plans through a mobile money service. A realistic approach to making money might strike some as humdrum.
Personal savings, insurance, credit, cash transfers from family and friends and other financing mechanisms offer promising opportunities to create security and steady employment but they require a nuanced understanding of product design and the local market conditions in order to be effective.
Schumacher, one of the fathers of the Green movement, declared that "small is beautiful" and called for "a new orientation of science and technology towards the organic, the gentle, the non-violent, the elegant and beautiful." Forty years ago, British economist E.F. These programs were later spun off into stand-alone businesses.
Currently, impact can mean anything from venture investments in new health technologies to microfinance loans in Peru; from affordable housing in the US to renewable energy in India; from social impact bonds to private equity funds that create jobs.
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