raise
roof
BEYOND PROFIT E-MAGAZINE
ISSUE 8 ►December 31, 2010 - January 13, 2011
the
Failed solutions in three continents
India's urban housing challenge
Commonwealth games aftermath
R A I S E
T H E
R O O F
CONTENTS
06
11
08
14
13
3
06
COVER STORY
08
FACE-TO-FACE
09
SPOTLIGHT
10
data
12
TOP 5
13
CASE STUDY
14
REPORT REVIEW
Rapid urbanization is putting tremendous strain on cities.
beyond profit examines failed housing solutions in Chicago,
Buenos Aires and Mumbai.
Aden Van Noppen from micro Home Solutions talks about an
innovative home improvement project in India.
Pakistan’s relatively young population struggles to afford
urban housing. Low-income initiatives offer options.
A look at population and housing patterns around the world.
Profiles of developers offering housing solutions for the urban
poor.
Understanding how this year’s Commonwealth Games in
Delhi is likely to inflate housing prices.
A recent World Bank working paper on reducing urban slums
in India is relevant to reforming housing policy in the country.
www.beyondprofit.com
RA I S E
T H E
ROO F
comment
poverty
migration
and the problem of
Editor-at-Large
Lindsay Clinton
Managing Editor
Chesta Shah
urban housing
Editorial Team
Nisha Kumar Kulkarni
Abby Callard
Marketing Manager
Ritika Ranjan
Office Coordinator
Veena Shetty
Design Studio
ASG Infinite
Dear Reader,
Perhaps one of the most obvious reasons for the poor to move from one
location to the other is survival. Various reports have shown that economic
factors and types of occupation often influence migration patterns. Incidence
Publisher
Intellectual Capital Advisory Services
Pvt Ltd (Intellecap)
512, Palm Spring, Near D-Mart,
Link Road, Malad (W)
Mumbai 400 064, India
of migration on an average has shown a marked increase in the census of
For contributions, email:
[email protected]
migrants whereas city-to-city migration has shown a decline.
To subscribe:
Log on to: www.beyondprofit.com
Call: +91 22 4035 9222
Email: [email protected]
For marketing and advertising:
Email: [email protected]
Call: +91 22 40359205
For more information, visit:
www.beyondprofit.com
Disclaimer
The views and opinions expressed by the
authors are not necessarily those of Intellecap,
and they assume no responsibility for the same.
All rights reserved throughout the world.
Reproduction in any manner is prohibited.
2001 as compared to earlier studies.
Migration to urban areas has increased according to inter-state analysis.
Rural to urban migration shows a sizeable increase among male and female
The total shortage of dwelling units in India at the beginning of the 11th
Plan period, i.e. 2007, was 24.71m units. The housing shortage during the
plan period (2007-2012), including the backlog, has been estimated to be
26.53m units. With an ever growing urban population, how best can cities in
the Indian subcontinent and other developing countries combat this double
digit growth?
Write to us and share your views.
Chesta Shah
Managing Editor
Issue 8 | December 31, 2010 - January 13, 2011
4
r a I S e
T H e
r o o F
FeeDbacK
ideas@beyondprofit.com
“India being an agrobased nation is not
able to employ its
farmers throughout
the year at fair
wages. That's where
development of
skill-based vocations
is required that can
ensure their consistent
economic sustenance.”
(Round Table: The
Business Behind
Livelihoods, December
17’, 2010) Priyanka via
beyondprofit.com
“The concept of
building anchor
businesses to develop
growth will create a
harmonized progress.
It's truly about
working together,
trust, support,
and recognition.”
(Deepening Rural
Relationships,
December 17,
2010) Dejting via
beyondprofit.com
“an important
initiative - am
interested in following
its development.”
(Interview: Morgan
Simon, Founder of
Toniic, December
3, 2010) Jesse via
beyondprofit.com
ISSue 7 | December 17 - 30, 2010
MARK YOUR CALENDER
Impact Forum for Social change
Hosted by Impact Investment
exchange asia (IIX)
January 10, 2011
Dhaka, bangladesh
www.asiaiix.com
Sustainable Foods Summit
organized by organic monitor
January 18-19, 2011
San Francisco, u.S.a
http://www.sustainablefoodssummit.
com/
TAKe THe suRVeY
MOST READ ONLINE
Technology Entrepreneurship
GaTe – Global accelerators of Technology entrepreneurship is an initiative aimed at disseminating university
research to technology entrepreneurs
in emerging markets. boston university and its networking partners have
launched a survey to understand the
needs and challenges of technology
entrepreneurs. This exercise hopes
to bridge the gap between university
research and the business needs of
emerging economies.
If you are technology entrepreneur,
take the survey here: http://www.
surveymonkey.com/s/LRMNWTB
Impact Investing: Challenges and
Opportunities
on november 29, J.P. morgan and
the rockefeller Foundation released
a report that may serve as a turning
point in the development of impact
investing.
Interview: Morgan Simon, Founder
of Toniic
morgan Simon talks about the
need for impact investors and the
challenges they face.
Mukesh Ambani’s Antilia:
Extravagance or Employership
Should we view ambani as a
benevolent employer or an excessive
billionaire?
Facebook
F o l l o w
5
u s
Twitter
LinkedIn
o n
www.beyondprofit.com
RA I S E
T H E
solutions
R O O F
COVER STORY
failed
Photo Courtesy : ©IFAD/Petterik Wiggers
By 2030, more than half the world’s population will live in cities.
How will they cope?
By Abby Callard
Cabrini-Green crumbles in the background
The world’s quick
urbanization—even faster
in developing countries—has put
a strain on the cities expected to
absorb the massive increase in
residents.
The issue of urbanization is
not new, but the UN estimates
that by 2030, 60% of the world’s
population will live in cities.
Most of the growth will come
from developing countries. For
example, McKinsey Global
Institute estimates 40% of India’s
population will live in cities by
2030—a net increase of 250
million people.
Cities, both in developed
and developing countries,
have struggled with providing
affordable housing for their
residents. In an effort to learn
from past mistakes, we’re
profiling three failed solutions:
Cabrini-Green in Chicago, slum
redevelopment in Mumbai and
FuerteApache in Buenos Aires.
Cabrini-Green
Located at the intersection
of two of Chicago’s richest
neighborhoods, Cabrini-Green is
one of the most notorious public
housing experiments in the world.
Construction on the Chicago
Housing Authority (CHA) project
startedin 1942 and ended in 1962.
In the beginning, most of the
residents held jobs at nearby
factories. After World War II,
the factories closed. To cut costs,
the cities paved over the lawns to
reduce maintenance, neglected
repairs and finished the last
Issue 8 | December 31, 2010 - January 13, 2011
buildings with questionable
quality.
Through the years, gangs
moved in and controlled single
buildings in the complex. Steel
fences were put up around the
perimeter. The fences made it hard
for police officers to see inside the
complex, and in 1970, two were
killed by snipers from inside.
The high balconiesgot to be so
dangerous that CHA enclosed the
entire height of the buildings with
steel mesh.Many say this created
the perception that residents were
imprisoned. Pipes frequently burst,
garbage backed up to the 15th
floor in the trash chute and gang
violence increased.
“Overthe years, gang violence
and neglect created terrible
conditions forthe residents, and
6
r a I S e
the name Cabrini-Green became
symbolic of theproblems associated
with public housing in this
country” said Keith Gottfried,
General Counsel of the U.S.
Department of Housing and Urban
Development, at a 2006 housing
conference in Chicago.
The last of the residents left
earlier this month, and demolition
of the last standing building,
located at 1230 N. Burling, will
begin early 2011.
“The reality is that 1230 N.
Burling is in disrepair and CHA,
in good conscience, could not allow
good people to stay there any
longer than what was necessary,”
said CEO Lewis A. Jordan.
slum Redevelopment
In a city where more than half
the population resides in slums,
Mumbai’s redevelopment plans are
plentiful. So far, no single plan
has been able to really pinpoint
exactly how to solve the issue. But,
many have failed.
Unfinished buildings soar
above the slums that have
materialized waiting for the
construction to be completed.
Scaffolding and metal stick out at
odd angles, and tarps flap in the
wind. Below, people wait to move
in. One man, with a family of 5,
has been waiting for more than
three years for an apartment.
Construction on the building
stalled two years ago and hasn’t
started again.
While slum dwellers do not
7
T H e
own the land on which they live,
many own their houses and others
pay rent. A 6-foot by 6-foot room
can rent for as much as `1,500
(US$33) a month. Most of them are
reluctant to leave their homes.
Another development, located
in the far-east suburbs, was
developed as an improvement
from slum life, but fell short.
Slum dwellers who qualified were
entered into a lottery. Winners got
a 225-square-foot apartment in the
Lallubhai compound, which was
completed in 2003.
But the complex has been
plagued with problems since
construction finished. Trash
collection is all but non-existent,
and two wells serve the 11,000
residents. Because there are no
elevators, residents have to carry
water up to the apartments.
Many of the wells are poorly
constructed, and illegal wells are
cropping up between buildings.
This opens the community up to
water-borne diseases.
Fuerte Apache
Barrio Ejército de los Andes,
more commonly known as Fuerte
Apache, in Buenos Aires grew from
Argentinean dictatorJuan Carlos
Onganía’s plan to eliminate illegal
settlements, called “emergency
villages.”The project, started in
1966, was constructed in phases
with one of them leading up to the
1978 World Cup.
The settlement was envisioned
as a well-protected depository for
r O O F
cOVer STOry
the poor in advance of the World
Cup. Many of the residents were
pulled from the Villa 31 slum in
Retiro, an upper-class residential
area.
As of the 2001 census, 35,000
people lived in almost 5,000
residences. The number of
actual residents is most likely
much higher. Some estimate up
to 100,000 live in the 26-acre
neighborhood.
The complex includes 33
towers,linked byhallways in three
different groups, and 52 smaller
freestanding buildings. This
separation has alienated residents
of different buildings, and conflicts
have erupted because of the lack
of communication. The area
quickly earned a bad reputation
for violence, drugs and crumbling
buildings.
Better Than Before
The failures in Chicago,
Mumbai and Buenos Aires can be
directly attributed to oversight on
behalf of development authorities
and their partners. By not
accounting for the fundamental
building blocks of infrastructure
and safety, these housing solutions
were doomed from the outset. Now,
in today’s world, when exploding
populations make the urban
housing an ever-more pressing
issue, studying failed solutions can
ensure that the same mistakes
aren’t made time after time bp
www.beyondprofit.com
R A I S E
homes
T H E
FACE-TO - FACE
R O O F
Aden Van Noppen, on behalf of micro Home Solutions, spoke to Beyond Profit about an innovative
home improvement product in India.
By Nisha Kumar Kulkarni
Tell us about your
organization.
What are the "innovative financial
terms" you refer to on your website?
AVN: micro Home Solutions
(mHS) is a for-profit social enterprise that creates solutions for the
40 million people without access to
adequate housing in India. mHS
was founded in 2009 by Rakhi
Mehra and Marco Ferrarioas an
interdisciplinary social enterprise
that links architectural, financial
and social approaches to offer a
portfolio of affordable housing options to the urban poor.
AVN:For DHS,mHS successfully
facilitated financial institutions to
accept currently available housing possession documents for
home construction and improvements loans up to `300,000 (~US$
7,000). Over the last 6 months, we
conducted the DHS pilot in partnership with BASIX, one of the
largest microfinance institutions in
India.
What makes your business
model unique?
AVN: We believe our work applies
throughout urban India and in
other emerging markets, especially
those that are rapidly urbanizing.
However, we continue to see the
importance of designing contextually specific solutions. We cannot
ignore the different social and
political, even spatial and geographical, circumstances that exist
in each new location.
Our primary goal is to catalyze solutions by developing viable
business models and facilitating
partnerships, as opposed to operating and scaling like a traditional
social enterprise. For example,
once we incubate and prove the
DHS model, we will spin it out as
an independent business with its
own clear path to scale. Our future
projects will evolve similarly,
building concepts that both grow
into viable businesses and serve
as alternative examples of how
India, and communities around the
world, can build socially inclusive
cities bp
AVN: Our main pilot project,
Design Home Solutions (DHS) is
a home improvement product that
combines customized architectural
and design assistance with affordable financing for low-income
families.
The poor want to live in safe,
strong, well-designed homes as
much as anyone else. But they are
forced to build unsafe structures
that lead to potential accidents,
greater incidence of diseases, uncomfortable layouts, and virtually
no privacy.
By increasing security of
tenure and providing access to
finance and technical expertise,
DHS allows people to invest in
home improvements and construct
long-lasting structures, more
comfortable spaces, and even additional floors that they can rent
out for added income.
Photo courtesy: Aden Van Noppen
talk about
Aden Van Noppen
Aden Van Noppen (AVN) works
on Strategic Planning and Partnership Management at mHS.
How adaptable is your work in
India to other emerging markets?
ISSUE 8 | DECEMBER 31, 2010 - JANUARY 13, 2011
The poor want
to live in safe, strong,
well-designed homes
as much as anyone
else.
FOR MORE INFORMATION
micro Home Solutions
Basix and micro Home Solutions join
hands to provide affordable housing to
urban poor
8
R A I S E
T H E
R O O F
SPOTLIGHT
low-cost living
pakistan's
Demand for low-cost housing is expected to grow
Seventy percent of
the plots are sold to
low-income families
with household monthly
income of US$59
to $177.
9
Photo Courtesy : Shutterstock
In Pakistan, the young and poor struggle to afford a home of
their own. A successful low-cost initiative offers a solution.
By Usha Ganesh
With increasing rural-urban
migration and the relatively
young population of Pakistan,
demand for low- income housing
is expected to grow to alarming
proportions. And yet, this demographic may find it impossible
to invest in owning a home in a
major urban area. Nearly 30%
of Pakistan’s population lives in
rented homes. As per a monthly
cash flow presented in Acumen
Fund’s Working Paper on Property
Rights, families with an average
monthly income of US$118
(`5,310) end up saving only US$12.
With an average plot costing
US$4946, it would take over 30
years to meet this cost.
Saiban, a Pakistan-based
NGO, has a successful model with
its Khuda Ki Basti-4 (KKB-4)
initiative, currently being implemented near Lahore. It engaged
the House Building Finance
Corporation (HBFC) to offer mortgage loans to the poor. One of the
few developers to apply for legal
permits for construction from the
local Tehsil Municipal Corporation, the Saiban team had to work
very hard to obtain the permits
and raise capital for actual construction.
Saiban has become an authority in low-cost housing both in
the country and internationally.
It has been able to do away with
investors and to restrict absentee
owners. The KKB-4 model adopts
a holistic approach to community
development and ensures that
developers provide plots with
electricity, water, sewage lines,
as well as access to roads. Sai-
ban also facilitates provision of
social services such as healthcare,
schools and mosques in the localities it develops.
Saiban’s sites are typically 20
to 100 acres in size, with 25 houses
per acre. Five percent of the land is
set aside for commercial plots. Seventy percent of the plots are sold to
low-income families with household
monthly income of US$59 to $177.
Thirty percent of the plots are sold
to lower-middle income families
with an average monthly household income of US$241.
The most interesting aspect of
the model is that it is incremental. The communities develop as
per the needs and priorities of the
residents, and the amount of capital
they are able to put together. For
example, "one window" booking
eliminates bureaucracy, and reduces time, confusion and corruption.
The KKB-4 is just one model
of a successful low-cost housing
initiative. These initiatives must
mitigate two of the most pressing
concerns of the urban poor in the
context of shelter – that of legal
sanction and access to formal
finance. Transparent systems are
an added plus. Saiban’s incremental model not only addresses these
concerns, but also offers payment
flexibility to the poor, thereby making the model sustainable. Finally,
it is able to do all this even as it
engenders a sense of ownership in
the residents bp
FOR MORE INFORMATION
Scaling affordable housing for low-income
communities in Pakistan.
www.beyondprofit.com
R A I S E
T H E
R O O F
DATA
numbers
the state of slums
by the In the last decade, 22 million people have moved out of slums annually.
Although progress has been made, a report by UN Habitat presents the
numbers behind the growing slum problem.
By Nisha Kumar Kulkarni
50.6% 227 827.6 55 6
The percentage of
the world living in
urban areas.
MILLION
MILLION
MILLION
MILLION
The number of people
worldwide who have
moved out of slums
since 2000.
The 2010 estimate of
the number of slumdwellers worldwide.
The number of
new slum-dwellers
worldwide since 2000.
The projected annual
growth rate of the
slum population.
Issue 8 | December 31, 2010 - January 13, 2011
10
R A I S E
T H E
R O O F
DATA
graphics
data Rapid urbanization is pushing international cities beyond planned capacity
and shifting housing patterns.
By Nisha Kumar Kulkarni
Fastest Growing Cities in Africa, Asia and Latin America
Urban sprawl is not just a problem in
developed countries. Cities in developing
countries are growing at a significant annual
rate, raising serious questions about how
these cities will manage greater populations
with limited budgets and inadequate
infrastructure.
20.8%
Santa cruz, Bolivia
13.3%
Puente Alto, chile
13.1%
Dire Dawa, Ethiopia
Data Source: UN Habitat
7.8%
Dongguan, china
7.5%
Nakuru, Kenya
5.7%
Shenzhen, china
0%
5%
10%
15%
20%
25%
Housing Tenure Type by Country Income Groups
Country Income Group
High Income
Unauthorized housing is the assumption
of privately owned land for agricultural
purposes, while squatter housing is the
unauthorized occupation of an abandoned
or unoccupied space. Owner occupancy
is the majority housing tenure type in all
country groups except for low-income, where
unauthorized housing makes up almost twothirds of housing types.
Upper middle income
Lower middle income
Data Source: Housing Policy in Developing
Countries: The Importance of the Informal
Sector
Low income
Squatter housing %
11
Unauthorized housing %
Owner occupancy %
www.beyondprofit.com
R A I S E
T H E
R O O F
TOP 5
affordable
housing
in india
Photo Courtesy : Flickr user orange tuesday
2
3
Shubh Griha, Tata Housing
Janadhaar Shubha, Janadhaar Constructions
Tanaji Mulusare City (TMC), located
in the suburb of Karjat in Mumbai,
provides 15,000 affordable apartments
over a 100 acre plot. The units
range from 156 ft²to 397 ft², and
are approximately priced between
US$4,500 to US$16,500. TMC has
earmarked space for amenities like
schools and hospitals, and has social
infrastructure like a fire brigade and
police station. It is one of the largest
affordable housing developments in
India today.
Shubh Griha is Tata Housing’s flagship
plan to bring affordable housing to the
bottom of the pyramid (BoP). With two
developments in the Mumbai suburbs,
it is a great example of well-planned
affordable housing. It offers 70%
open spaces, eco-friendly design,
playground, gym and jogging track.
The units range from 283ft²to 489 ft²,
and are priced between US$8,500 to
US$15,000.
Janaadhar Shubha is being developed
on an 11.5 acre plot in the outskirts of
Bengaluru city. The township consist
of 1140 apartments that range from
400ft²to 615 ft², with one-bedroom
houses priced under US$11,500. The
facilities provided include a primary
school and play area. Janaadhar discourages affluent buyers according to
promoter Ramesh Ramanathan.
4
Navjivan consists of 400
affordable homes being built
in Vatva, Ahmedabad, which
range from studio to twobedroom apartments, starting
at US$6,200. The project is located in an existing residential
area with access to schools,
markets, basic healthcare
facilities and bus transport. It is
also one of the few affordable
housing projects to incorporate
sustainability elements in
its design.
Navjivan, Atmiya Developers Pvt Ltd
ISSUE 8 | DECEMBER 31, 2010 - JANUARY 13, 2011
Photo Courtesy : Flickr user Ahron de Leeuw
Tanaji Malusare City, Matheran Realty
5
Ashray Homes, Value Realtors Pvt Ltd
Ashray is an affordable
housing project spread
over 8.5 acres in Lodhana,
Rewari, Haryana. It offers a
choice between 280 ft² and
450 ft² standalone homes
approximately priced at
US$6,400 and US$10,900,
respectively. A unique aspect
of this project is that home
owners have the option of
adding an extra floor to their
home in the future. The project
will have 600 homes with
facilities like water harvesting,
a school, hospital, park as well
as a daily needs store.
12
Photo Courtesy : Flickr user utpal
1
Photo Courtesy : Flickr user Carol Mitchell
Photo Courtesy : Flickr user Ahron de Leeuw
These five affordable housing projects are giving low-income households the
chance to live in 200-700 ft² apartments at an average monthly payment of US$90.
By Dipika Prasad
R A I S E
post
T H E
R O O F
CASE STUDY
commonwealth
housing
How could the Commonwealth Games affect housing in New Delhi?
By Abby Callard
Street workers in New Delhi before the games.
Nearly 300,000
slum residents have
lost their homeseither by eviction or
demolition.
FOR MORE INFORMATION
Urbanization in India
Centre on housing rights & evictions
13
Earlier this year, New Delhi,
which overtook Mumbai as India’s largest city this year hosted the
2010 Commonwealth Games. While
many are hopeful about the economic
effects of the games, other issues
could arise. One of those includes
housing.
The Games Organizing Committee estimated that the overall impact
on India’s GDP will be US$4.94bn
spread over the years 2008-2012.
(For comparison, the 2002 Manchester Games created US $3.4bn
and the 2006 Melbourne Games US
$1.6bn) Job creation for the same
period is estimated at 2.47 million
people.
Although reliable data is not yet
available, history shows that the cost
of living increases dramatically after
such large-scale events. When Barcelona hosted the Olympics in 1992,
the price of renting increased 145%
and the price of buying increased
139%. In the period leading up to the
Olympics, 59,000 residents actually
left Barcelona.In preparation for the
2010 Olympic Games in Vancouver,
landlords evicted residents to renovate their properties and put them
back on the market at a much higher
price.
For the poorest of the poor in New
Delhi, who are barely making a living, even a slight increase in the cost
of living could be disastrous. As it is,
nearly 300,000 slum residents have
lost their homes—either by eviction or
demolition—and only about one third
of those have been resettled. Only
those residents who could prove they
had lived in the same slum for at least
eight years were offered resettlement.
The World Health Organization
reported that the Games will actually increase homelessness in the
city because construction projects for
the event brought in migrant laborers who, now that the Games are
over, are rendered jobless. Will these
migrants be forgotten now that the
spotlight has moved on?
New Delhi residents are already
feeling the pinch from the cashstrapped government. The 2010-2011
city budget instituted several direct
and non-direct taxes—residents will
pay more for diesel, cooking gas, CNG
and mobile phones.
An increase in the cost of living is
an unfortunate legacy of large-scale
sporting events.
Housing will most certainly be affected by the increase in cost of living
and the increase in homeless populations. The question now is how much
and how quickly bp
www.beyondprofit.com
R A I S E
the urban
T H E
R O O F
REVIEW
housing
challenge
Photo Courtesy: Flickr user mrkhillary
A recent working paper by the World Bank points out the inefficiencies in
India’s housing policies and suggests improvements.
By Payal Agarwal
Housing Challenges in Asia’s largest slums: Dharavi
At the present
pace, it would take
23 years to house
Mumbai’s current
slum population with
no provisions for new
slum dwellers.
India’s slum-dwelling population has risen from 27.9m in
1981 to 61.8m in 2001, and
now exceeds the entire population
of Britain. By 2030, 70% of Indian
jobs will be in cities and it is projected that 590m Indians will live
in them.
A paper entitled Working with
the Market: A New Approach to
Reducing Urban Slums in India
examines the cause of soaring
land prices and slum populations,
and suggests corrective measures.
To prove that faulty government
policies and not migration has led
to precarious living conditions for
the urban poor, it cites the example of Vietnam’s cities that are
growing at twice the rate of India’s
and have lower incidence of slums.
Universal housing is dismissed
because it would impose an unsustainable fiscal burden on the
government. It is also highlighted
that the current policy of mandating private builders to provide
low-cost housing will have limited impact. At the present pace,
it would take 23 years to house
Mumbai’s current slum population
with no provisions for new slum
dwellers.
The paper also illustrates the
importance of designing policies based on each city’s unique
real estate market conditions. In
Mumbai, no dwelling, formal or
informal, can be purchased for less
than US$6,700. At prices comparable to those for slum dwellings,
larger formal apartments can
be purchased in the suburbs. In
Ahmedabad though, there is practically no overlap in the price of
informal and formal housing.
Policy reform is a must. The
elements of affordable housing for
India should focus on city-specific
development of infrastructure to
increase effective land supply,
intensive use of urban land and, in
the initial phases, allow for basic
housing for the poor bp
FOR MORE INFORMATION
UN habitat
South Asia Analysis
ISSUE 8 | DECEMBER 31, 2010 - JANUARY 13, 2011
14
Watch for the fourth edition of Inverting the Pyramid.
Coming soon.
Highlights of the Fourth Edition:
• Overview of trends and activities in the year 2010
• AP Ordinance
• MFI Performance Highlights
• Investor sentiment
• Expectations for the future
• Customer centricity- bringing the client back into focus
• Investor interest
• Recognition for good regulation
• Role of technology as an enabler for greater transparency and flexibility
Intellecap is a consulting firm that enables innovation, capacity building and investment
initiatives in the development sector. Working in direct design and execution as well as
indirect strategic advisory roles, Intellecap accelerates the growth of upcoming Microfinance Institutions (MFIs) and micro and small enterprises by coordinating markets,
people and capital, nationally and internationally.
For more information contact us at [email protected]
Catalyzing Impact Investment into
Sustainable and Scalable Enterprises Globally
Social Enterprise Awards and Investment Forum
May 5 - 6, 2011 | Mumbai, India
For partnerships & further details, contact
Rashmi Pillai: [email protected] or Praveen Nair: [email protected]