Rickshaw Bank - created from Mind Map

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Founder: Dr. Pradeep Sarmah and CRD (anNGO)

Founder Dr Pradeep Sharma and CRD

How idea born?

Did it find an issue?

What does it do

What social innovation it did?

Business model

Sustainability

DR. Sarmah travelled in a man rickshaw,

He chat and found they do not own it

No financial security

Yes

Social problem address

Economic empowerment

Better rickshaw

How it addressed the problem

Micro leasing

Insurance to the passenger, rickshaw puller

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 rickshaws

Micro leasing

Expanded category

Redesigned constantly with IIT

Momo, school, garbage, solar, fish, vegetable carts

Not for profit

Hybrid

For profit

Sustainable development

Target population: 8Million rickshaw puller

Offering add on services

Challenges

Threat from competitors

Government regulations

Payment default