Visiting Moses and Nirmaan Bharati

Trip Start Jul 26, 2008
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Trip End Sep 27, 2008


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Flag of India  , Uttar Pradesh,
Wednesday, September 10, 2008

I first met Moses Prashant Rao, Executive Director of  Nirmaan Bharati (NB) in Lucknow, India at the MicroCredit Summit in Bali.  I instantly appreciated this warm and charismatic individual who was kind enough to go out of his way to introduce me to some of his friends in the MicroCredit world - some of which I would be visiting later in my trip to India.

Please go to this link to learn about NB's Mission, Vision and Values. which starts with a unique Mission which is "Building lives towards nation transformation"

NB focuses on serving in the Urban slums.  Currently NB has 250 employees, has made loans to 63,000 borrowers and has $9.1 million in outstanding loans.

When NB started in Lucknow there was no competition, but since then, SKS - the largest MFI in India, has come to town with a very aggressive approach and is now loaning additional money to people who already have borrowed from NB. The primary concern is that borrowers then start using the money for other them helping them generate income and they get in over their heads and can not pay back the loans. 
Moses is very committed to a soulful program to serve the poor.  He has drawn some very top executives who share his passion for making a difference in people's lives.  Moses and his key managers have all taken drastic pay cuts (typically 1/4 of what they previously made to some that is more meaningful and fullfilling. 
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