Audeamus

Lohan Green Toothbrush launched at Go Green Expo

Filed in archive Go Green on March 29, 2010

Lohan Green Toothbrush launched at Go Green Expo
Dina Lohan, Lindsay Lohan mother has gone ahead and launched The Lohan Green Toothbrush at the Go Green Expo in New York City. This toothbrush is aimed at conserving water.

As per US EPA, an average citizen wasted around two gallons of water daily as part of their brushing needs and oral hygiene in 2006. As per an estimate currently the amount of water being wasted daily is around 600 million gallons. Also more than two billion people worldwide don't have access to sanitary water.

The Lohan Freedom brush is expected to emerge as an alternative for people who don't have access to sanitary water. With it users will be able to save two gallons of water every ay as it is water free. The Lohan Green Toothbrush is expected to be available in time for Mother's Day. With the name of Lohan family being attached the concept of Go Green will definitely get the attention it needs.

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How Grameen Bank works

Filed in archive Microfinance on March 19, 2010

How Grameen Bank works
© eschipul
Continuing with my talk on Muhammad Yunus and Grameen Bank, I would like to tell you how it works for the benefit of the poor. Grameen Bank largely lends to women and depends on its support group for ensuring a high rate of loan repayment. It mainly gives loans to women in group of fives so that they can meet on a regular basis and offer mutual support. This has been done for ensuring sense of accountability and repayment. In case one of the members of the group is unable to pay back they become ineligible for larger loans and therefore groups work toward ensuring that they are paid back on time. Today the bank has a success rate of 98.6% for repayment of loan.

Once a borrower becomes a part of the Grameen system, he is encouraged to participate in social programs for promoting good health and literacy. They are also asked to learn the sixteen decisions of the bank some of which are "We shall take part in all social activities" and "We shall always be ready to help each other." Over the years, Grameen Bank has expanded and launched a number of sister organizations for offering additional services to the poor.

This is a bank which works to build a world which is not based on greed and profit.

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Muhammad Yunus: Godfather of Microcredit

Filed in archive Microfinance on March 12, 2010

Muhammad Yunus: Godfather of Microcredit
© World Economic Forum
He may not be the first micro lender of the world but he is surely the first one to bring it into limelight. You must have guessed till now I am talking about Muhammad Yunus who made the concept of microcredit a household name. He was born in 1940 and completed his PhD from Vanderbilt University. After Bangladesh was created he returned to teach economics at Chittagong University. He always dreamt of creating a new nation and was deeply moved in the year 1974 when famine struck in the country which forced poor people to abandon their household and struggle in order to survive. It was then that he decided to use his knowledge towards addressing rural poverty. He got himself involved with village life and realized that poor people were trapped in the claws of shrewd money lenders and were forced to live the life of a bonded labor.

Seeing the poor people in misery, he gave out loans to people from his own pocket so that they could pay back in small installments. This new concept excited the villagers. He even asked banks to help out the villagers who were paying interest rates as high as 200 to 300% to village moneylenders but banks simply refused. So he went ahead and created an institution which could offer loans to poor people. This gave birth to Grameen Bank which today has become a household name. By the year 2007 it had distributed loans worth $6 billion and served more than seven million people in 78,000 villages in Bangladesh.

Today Grameen Bank is considered to be the foundation for the worldwide microcredit movement.

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Changing entrepreneurial landscape with predictive dialing

Filed in archive Information about on March 4, 2010

Changing entrepreneurial landscape with predictive dialing
© aflcio2008
Predictive Dialing has changed the entrepreneurial landscape bringing in more benefits and opportunities for the entrepreneurs. Predictive dialer is a system which automatically dials telephone numbers for connecting agents involved in marketing or other assignments rather than having to manually dial the numbers.

Over the years predictive dialers have ushered a revolution for companies involved in businesses of telecalling. Predictive dialers can double your sales per agent per hour which implies that a 50% jump in sales could lead to a 100% increase in profits. Predictive dialers save lot of time of agents which would otherwise have been wasted in manually dialing the numbers and this in turn can lead to increase in productivity by 150% to 400%.

Due to the numerous benefits offered by predictive dialers a company can expect a return on investment within six to twelve months of its installation.

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Social entrepreneurship: The path less traveled

Filed in archive Social Enterprise on March 2, 2010

This is an unconventional path but many fear walking this path less traveled as it doesn't have the thrills and frills associated with for profit businesses but the trend seems to be changing with young entrepreneurs making an effort to bring together best of not for profit and for profit world.

The job of a social entrepreneur is to bring about a transformational change for the benefit of others. It brings together social mission along with business vision. The thought process of entrepreneurs of today is different - they intend to club together entrepreneurship and philanthropism, what they want to achieve at the end of the day is social innovation.

The youngsters of today are passionate and they intend to take their social ideas from incubation stage to a full blown social enterprise within a short span of time. This is something which I will be covering more of in my future posts.

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