what entrepreneurial habits did harish hande exhibit in handling SELCO? justify your answer
Answers
Answer:
The best lesson in rural business that Harish Hande, co-founder and managing director of Solar Electric Light Company (SELCO) India, ever learned was from a street vendor in Bangalore, who said: “Rs. 300 a month is expensive, but Rs. 10 a day is fine.” Typical of the country’s poor, the street vendor was spending Rs. 15 a day — about 10% to 15% of her income — to get light from a kerosene lamp that allowed her to sell her vegetables after dark. “The rich don’t spend that much for one light,” says Hande, whose company has provided sustainable energy products to underserved households and businesses in the state of Karnataka since 1995.
The street vendor’s comment helped Hande understand that rather than reducing the cost and quality of SELCO’s solar products to reflect the low incomes of rural and urban poor, he needed to offer creative ways for poor customers to finance purchases while keeping quality standards high. With a solar-powered light — purchased with, say, a loan at an interest rate of 14% — the vendor would be spending nearly half of what she was on her kerosene lamp. “Affordable doesn’t mean low cost, but appropriate financing,” he says. “It is coming up with need-based technologies, rather than fitting the problem to the solution.”
Explanation:
make me brainlist
Harish Hande, a social entrepreneur in India, is providing affordable solar power to the rural in a way that is both economically and environmentally sustainable. Around 57 percent of the population does not have access to power, and many more have intermittent access.
Hande co-founded the Solar Electric Light Company (SELCO) India in Bangalore in 1995, after earning a master's degree in renewable energy engineering in 1998 and a PhD in mechanical engineering (with a specialIty in energy) in 2000. SELCO has served almost half a million people in the southern Indian states of Karnataka, Kerala, and Andhra Pradesh by constructing solar photovoltaic systems and supplying lights and power to villages and businesses.
Hande has been selected as one of the Asian recipients of the Philippines' 2011 Ramon Magsaysay Award for his efforts and vision. This famous annual award consists of a certificate, a medallion, and a $50,000 cash reward, and is commonly regarded as Asia's equivalent of the Nobel Prize. Hande intends to utilise the prize money to fund impoverished, young entrepreneurs and encourage them to duplicate SELCO in other parts of India and the world.