In India, social enterprises have become a national phenomenon in less than a decade, with a growing ecosystem of supporting players. Yet, despite this impressive growth, little is known about these social enterprises collectively: their geographic and sector distribution, business structure, stage of development, financial viability and funding sources.
In December 2010 the Government of Andhra Pradesh (“AP”) passed a law (the “AP Act”, originally conceived in October 2010) which effectively shut down private sector microfinance in the State. The AP Government stated that its goal was to protect the poor. Now, 18 months later, the impact of the AP Act is clear: rather than protecting the poor, it has had the opposite effect, harming the poor by starving them of access to credit and basic financial services.
A study by Legatum Ventures, with contributions from Intellecap.
Nearly 800 million people in Asia live in a state of near darkness, coping with unreliable or non existent or no access to electricity on a daily basis. There is a strong demand among off-grid consumers in Asia for reliable, clean and cost-effective alternatives to fuel-based lighting.