NexThought Monday: The Future of Crowdfunding Depends on Avoiding Past Missteps
September 30, 2012 Editor 0
In the islands of Palawan, a remote area of the Philippines, nearly half of all residents live without electricity, as do 20 million people throughout the country. A small company called Hybrid Social Solutions brings clean, affordable solar energy to Palawan, distributing solar products such as lamps and mobile chargers with the support of local cooperatives. Families can afford solar products through HSSi’s partnerships with local microfinance organizations, but HSSi itself needs loans to finance the purchase of inventory to sell to the people of Palawan.
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