How Global Corporations Can Boost Local Renewable Energy Production

[mouakter13]

When I look back on the conversations I used to have with my former manager at Wave Money, I realize that the challenges they – and countless companies like them – have faced in profitably serving last-mile communities are solvable. I’ve come to see that partnerships are a big part of the solution – but I’ve learned that there are three key questions that must be asked of any potential partnership that aims to subvert the market realities that make reaching the last mile so difficult:

Does one of the partners have a social, non-market driven mandate to reach the last mile? One of the key reasons why the partnership between BRAC and bKash is so beneficial is because BRAC already has a mandate to promote the financial inclusion of women.
Does one of the partners have rural reach, credibility and convening power? Establishing these on your own is costly and time-consuming.
Can we show that users are dramatically more engaged with a fintech cambodia whatsapp number datatool in the long term as a result of the program? If so, then there is a case for financial investment and for potential cost sharing among partners.
By exploring mutually beneficial partnerships – and ensuring that the interests of both sides are aligned from the start – DFS providers and NGOs can generate essential synergies that can unlock both profit and social impact, while bringing beneficial products to the world’s most excluded communities. To that end, we believe the momentum we’ve generated with the BRAC Shakti program can provide other businesses and organizations with a promising model.