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Laureate Feature: Rickshaw Bank

Friday, Mar. 9, 2012

rickshaw bank
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Who: Pradip Kumar Sarmah, Founder & Executive Director

What: Rickshaw Bank Project: www.crdev.org/rb.html

Where: India

When: The Tech Awards 2011 Flextronics Economic Development Award Laureate: www.thetechawards.thetech.org/

How: Rickshaw Bank provides a means of self=employment to the poor and the marginalized rickshaw community by offering a “rent-to-own” financing option for rickshaw pullers to purchase an innovative new rickshaw. 95% of rickshaw pullers hire their rickshaw on daily rental basis so much of their earned income is taken up with the next day’s rental fees.

Tags: Photo of the Week, The Tech Awards