Financial Inclusion Solutions
Harsh Chamria Keynotes - The Harsh Chamria presentations are in large part due to his studies at the Stanford School of...
Chamria gives an extreme example of a friend of his in India who is a farmer. This friend was looking into purchasing high quality farm equipment, but did not quality for microfinancing as these organizations typically do not offer loans over $5,000 or $6,000. While banks and multinational corporations offer loans for much larger amounts, there is a middle ground that is unaccounted for.
The Harsh Chamria speech outlines his solution for the cost-effective delivery of affordable financial services to the poor, not just small businesses. This is relevant not just in developing or industrializing countries like India, but to those in the United States as well. According to Chamria, 30% of Americans have no savings account.