What is the problem the social business is solving?
Millions of people living at the BoPin India do not have the access to affordablefinance and struggle to build a credit history. Loans through informal lending sector lead to exploitation and eventually to a perpetual poverty cycle.
How does the social business solve this problem?
Cashpor focuses on providing formalized access to credit to BoP women in the form of the Grameen model of joint liability group lending. Women customers typically finance their existing small businesses through these micro-loans. Cashpor is also providing health, sanitation education services to its customers. It operates in the poorest regions of India, in districts of Eastern Uttar Pradesh, Bihar, Madhya Pradesh, Jharkhand and Chhattisgarh.
How does the social business generate revenue?
The main revenue driver is interest income, charged by the social business on the unsecured and affordable loans provided to the BoP customers.
