Khata Kholo Har Darwaza Kholo – Eko’s Branchless Banking (Part 1)

[Editor’s Note: A few weeks ago I had an engaging phone conversation with Abhishek Sinha, co-founder and CEO of Eko Financial Services, a trailblazing branchless banking social enterprise that’s making a dramatic difference to the lives of India’s migrants. This two-part series draws extensively from our phone conversation, follow-up email exchanges, and related research. Khata …

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Banking for India’s Domestic Migrants

India’s 100 million strong domestic migrants contribute a whopping 10% of its GDP. As I covered in The Twentyfirst Century Kabuliwalas of India, domestic migrants are one of the missing links in India’s development. A key recommendation from a study commissioned by UK-based Overseas Development Institute is that migrants need dramatically improved access to market …

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Primer on Micro Financing Institutions (MFI)

When the idea for this blog was still in an early stage and I was socializing it with close friends, I was frequently asked about which “verticals” of social enterprises I’d be focusing on. My answers ranged from “Don’t know yet” to “Will start in a breadth-wise fashion and then home in on verticals later”. …

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