In 2001, when the world was in the throes of capitalism and yet to wake up to the world of impact investing, one man in India registered an entity to raise funds for transforming rural India with the princely sum of Rs.5000. The following year, he borrowed Rs.1 lakh from his wife and registered an advisory company on the premise that if those who have previously not been entrepreneurs have to turn entrepreneurial, they need someone to advise them.
Meanwhile, in the United States, Jacqueline Novogratz set up Acumen, first as a fund that later became a non-profit. In the UK, businessman ...
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