Rickshaw Bank

Rickshaw Bank

1. Founder: Dr. Pradeep Sarmah and CRD (anNGO)

2. Founder Dr Pradeep Sharma and CRD

3. How idea born?

   • DR. Sarmah travelled in a man rickshaw,
   • He chat and found they do not own it
   • No financial security

4. Did it find an issue?

   • Yes
     • Social problem address
       • Economic empowerment
       • Better rickshaw
       • How it addressed the problem
         • Micro leasing
         • Insurance to the passenger, rickshaw puller

5. What does it do

   • 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

6. What social innovation it did?

   • Micro leasing
   • Expanded category
   • Redesigned constantly with IIT
   • Momo, school, garbage, solar, fish, vegetable carts

7. Business model

   • Not for profit
   • Hybrid
   • For profit
   • Sustainable development

8. Sustainability

   • Target population: 8Million rickshaw puller
   • Offering add on services
   • Challenges
     • Threat from competitors
     • Government regulations
     • Payment default

Images and files in the map