Tumgik
#what is the job of field officer in microfinance company
vakilkarosblog · 9 days
Text
How do I start a microfinance company in Ghaziabad?
Tumblr media
Starting a Section 8 microfinance company in Ghaziabad, or anywhere in India, involves several steps and requires compliance with regulatory requirements. Here’s a general guide to help you get started:
Market Research:
Conduct thorough market research to understand the demand for microfinance services in Ghaziabad.
Identify your target customers, their needs, and the competition in the area.
Business Plan:
Develop a detailed business plan outlining your company’s objectives, target market, financial projections, and operational strategies.
Include information on how you plan to manage risks associated with microfinance lending.
Legal Structure:
Decide on the legal structure of your company (e.g., partnership, private limited company).
Consult with a legal advisor to understand the regulatory requirements and compliance needed for setting up a microfinance company in India.
Registration and Licensing:
Register your company with the Registrar of Companies (ROC) under the Companies Act, 2013.
Obtain necessary licenses and approvals from the Reserve Bank of India (RBI) and other relevant regulatory bodies like the National Housing Bank (NHB) if you plan to offer housing microfinance.
Capital Requirement:
Determine the capital requirement for your microfinance company. RBI has prescribed minimum capital requirements for non-banking financial companies (NBFCs) engaged in microfinance.
Arrange the necessary capital through equity, debt, or a combination of both.
Operational Setup:
Set up your office with the required infrastructure, including technology platforms for loan processing, credit assessment, and customer management.
Hire qualified staff with experience in microfinance, credit assessment, and customer service.
Risk Management:
Develop robust risk management policies and procedures to assess and mitigate the risks associated with microfinance lending.
Implement proper systems for loan monitoring, repayment tracking, and collection.
Compliance and Reporting:
Ensure ongoing compliance with regulatory requirements and reporting obligations as prescribed by RBI and other regulatory bodies.
Maintain accurate records and financial statements to facilitate regulatory audits and inspections.
Marketing and Outreach:
Develop a marketing strategy to promote your microfinance services and reach out to potential customers.
Build partnerships with local organizations, community groups, and government agencies to expand your outreach and promote financial inclusion.
Launch and Operations:
Once all regulatory approvals are in place, launch your microfinance operations in Ghaziabad.
Monitor the performance of your portfolio, manage customer relationships, and continuously refine your business strategies based on market feedback and operational insights.
Why Choose Vakilkaro for Section 8 microfinance company registration?
Looking to register a Section 8 microfinance company? Choose Vakilkaro for hassle-free and expert assistance. With our experienced team, we ensure a smooth registration process tailored to your needs. Trust Vakilkaro for reliable and efficient Section 8 microfinance company registration. Reach out to us today on this number: 9828123489!
0 notes
un-enfant-immature · 4 years
Text
A major fintech startup exec is being minted into NYC’s latest VC
There is massive momentum in fintech right now: regulations are finally opening up, APIs are more widely available than ever before, and there is a sense that existing products — both financial and technical — are just not doing the job that consumers and financial professionals demand.
With excitement like that, fintech has unsurprisingly seen a veritable explosion of exit activity over the past year, with massive numbers being posted on the leaderboard like Credit Karma’s $7.1 billion acquisition by Intuit, Plaid heading to Visa for $5.3 billion, and Galileo being snatched by SoFi for $1.2 billion.
So VC firms are bulking up on their fintech talent — even those who specialize in the field itself.
Nyca Partners publicly announced today that Jeremy Solomon will be joining as a principal. Among the best-known and longest-term investors in the fintech space, Nyca has invested in dozens of fintechs such as Affirm, OpenFin, Blend, and Digit over the past six years, and the firm also just raised a fresh, $210 million third fund last year.
Nyca Partners raises $210M to invest in fintech startups
While “fintech” didn’t really exist a decade ago, Solomon has a uniquely deep background in the rapidly expanding space. He started as a banker, but then veered off the traditional Wall Street path to move to Uganda to work on microfinance. We “had to figure out how to do small-dollar lending in a rural environment,” he said of the time, which was right before the 2008 financial crisis. He came back to the U.S. for business school, but “what puzzled me was why the U.S. market was so far behind” in financial services.
While at Stanford GSB, he linked up with the co-founders of SoFi, which started out as an online lending marketplace for business students to find more affordable student loans. He became employee number one, leading up the financing that the company would lend out to borrowers. From there, he went to another lending marketplace, LendingClub, and worked through the company’s IPO.
LendingClub though was later in its development than what Solomon experienced at SoFi, and he wanted to head back to those early-stage roots. He eventually linked up with Max Levchin and joined Affirm, heading up its finance as interim CFO before becoming its Chief Capital Officer.
It was the connection with Levchin which brought Solomon to Nyca. Nyca and Levchin have a deep alliance with each other, with Nyca being an early investor in Affirm, and Levchin previously serving as an “investment partner” with the venture firm. Solomon built up a relationship with Nyca and its partner Hans Morris over several years, and eventually decided to make the leap to venture after a decade in the startup world.
Solomon will move from the Bay Area, where has been located for more than a decade, to New York City — a reasonably rare transition for someone with his pedigree. “It’s going to be detrimental to my cycling hobby,” Solomon jokes, but “while there is more innovation going on in the fintech space in the Bay Area, I think it really is shifting in a lot of ways to the New York scene.”
The huge focus on consumer fintech products is expanding to include more and more of the infrastructure that runs these finance institutions. “There are a lot of problems that are emerging in banking, asset management and insurance that are New York centric,” Solomon said. “Some of the problems that financial institutions face today are much more nuanced and really require prior expertise in financial services.”
Solomon says he will focus a majority of his time on the credit sector. “What’s interesting about the credit sector right now is that nothing is working in it,” he said. Given the COVID-19 situation, nearly every step of the pipeline for underwriting loans today is challenging, from assessing creditworthiness to properly securitizing loans for the right prices.
For fintech founders, the additional hire is welcome news. Solomon officially started a few weeks ago at Nyca, but is in the process of conducting a (rather daunting) move cross-country to officially begin investing in NYC proper.
0 notes
aaaintergalactic · 5 years
Text
AAA Intergalactic Launches Futuristic Financial Niche To Create Thousands of Jobs!
AAA Intergalactic Investments Group is ready to Facilitate Funding of Revolutionary Investments Worldwide
AAA Intergalactic Investments Group (AAA Intergalactic), an investment group with headquarters in the US, founded by the young and dynamic European-African Princess by birth Rachel Belle, is all set to fund social projects in promising markets.
 CEO and founder Princess Rachel Belle said the group's "primary mission is to promote a fair funding system, thereby enabling industrialisation and a better socio-economic future for the youth".
 Mission
The young CEO summed up the attitude of the AAA Intergalactic Investments Group in a recent interview:
 "We give a fair chance to those left behind, to those who scream without a voice, to those talented ones without fair opportunities."
Princess Rachel Belle
 She founded this Investment Group to disrupt the known bottlenecks along the flow of global investments.
 In plain words, AAA Intergalactic strives to execute two action plans:
 1          Invest in hard-working communities that need it the most.
2          Create, by investment, a fair system that fosters businesses and creates jobs
 In a world where hunger still exists, and injustices are multiplying, the desire to succeed socially and economically is more than ever synonymous with the creation of a better world. AAA Intergalactic has dedicated itself to this task for a brighter common future for all. It is a unique investor with a mission to promote a fair system of financing which, in turn, will accelerate industrialisation in several marginalised communities worldwide. As a result, thousands of jobs will be created through microfinance, private equity, mergers and acquisitions, project financing and innovative investments around the world. This process will focus mainly on Africa and other continents, where a financial injection, tailored to the needs of promising companies, will energies developing communities and create jobs. The eradication of poverty and an improved socio-economic future for young people would be a direct result of this system.
This result will be achievable through selecting the most promising entrepreneurs in each community and supporting them through the unique financial platforms of the AAA Intergalactic Investments Group. Starting this year, its "Fair Funding movement" has been designed to offer candidates a diversified capital base adapted to the needs of local entrepreneurs.
 Focusing Today on the Future
Releasing hard-to-access capital and putting in place an appropriate mentorship program is what motivates the founder, Princess Belle, a successful financial pioneer. In the shadows and silently, she carefully studied all aspects of her trade.
If world heavyweight champion DrWladimirKlitschko nicknamed "DrSteelhammer", can win championships, Princess Belle is similarly trained in her field and enter the ring with her group to knock out the massive unemployment.
Today she is using her hard-won strategic system to catapult her young group onto the world stage and into world markets. She said: "We have been working behind the scenes for a long time. Now is the time to go public." That is precisely what she is doing. Princess Rachel Belle keeps her promises. In 10 months, the AAA Intergalactic Investments Group, led by CEO Princess Belle has strategically formed several companies: AAA Intergalactic Investments located on Wall Street in New York, as an American base; AAAIntergalacticHochschildCapital has its European Headquarters situated in Frankfurt, Nextower/Thurn-und-Taxis-Platz; and AAA Intergalactic Infrastructure has its headquarters in Africa and for the Middle East located in AncienDalip, Douala, Cameroon.
"Practice what you preach" is the philosophy of CEO, Princess Belle. To prove this, she and her teams are working to identify, qualify and multiply business opportunities through B2B capitalisation by engaging with leading specialists, who share her vision and see the wisdom of investing in the future of developing communities.
 AAA Intergalactic's Fair Funding System – The Movement
 Why join such a promising financial group that will help to achieve a brighter future for many? AAA Intergalactic is the first independent financial group dedicated to presenting a financially fair, futuristic and diversified investment platform. It supports the construction of a viable socio-economic future for marginalised communities and especially their youth. Its difference to other companies in its field lies in its sincere motivation: to offer socially responsible investment opportunities to those who are not only most disadvantaged but who also show the most significant potential to succeed. Thereby the group will foster sustainable values, create meaningful jobs and grow wealth for millions of worthy households. AAA Intergalactic offers urgent financial investment and critical business leadership skills, but its main goal is to eradicate extreme poverty, encourage industrialisation, nurture excellence and foster entrepreneurship in developing communities.
It is often said that the grass is always greener elsewhere; however, this impression originates in the human tendencyto compare himself/herself to others without truly understanding or taking action. AAA Intergalactic's unique strengths lie in its insightful prognosis and in-depth analysis into communities. This analysis often reveals hidden trends, which focuses the group's attention on promising entrepreneurs who will be chosen to succeed in the markets of tomorrow. The group differentiates itself from other financial institutions in that it leads by example. This helps to strengthen the character of its clients and creates future leaders by inspiring them to achieve success.
AAA Intergalactic is flexible, fast and efficient with maximum cost reduction in processing funding requests in 3 to 6 weeks, instead of the usual 3 to 9 months,
AAA Intergalactic is the leading independent, futuristic, financial services provider in its targeted communities.
In pointing out what makes the group competitive, AAA Intergalactic's Chairwoman said:
"Accurate analysis and prognoses help us identify future trends and select the best with the highest potential. We bring profound cultural and political understanding. Our decision-making process is efficient and at least 10 times faster than other processes."
Through its unique investment boutique approach, the group executes highly effective due diligence as well as cultivates trustworthy relationships with its clients, co-investors, and stakeholders. Its transparent culture and well implementable projects give 100% confidence to its financial partners, many of whom are invited to participate in the efficient evaluation process of the AAA Intergalactic Investments Group.
The Group does not only confine itself to conventional project funding and infrastructural investments. The AAA Intergalactic “Fair Funding system” is unique; AAA Intergalactic focuses on bringing dynamic futuristic investments into several vertical markets in regions where poverty, lack of opportunity and inequality still prevail. Its major focus areas are:
 ·         Futuristic Logistics
·         Smart Cities
·         Renewable energy
·         Innovative and healthy agriculture methods
·         Futuristic infrastructure
·         Artificial Intelligence
·         Micro-financing
·         Private equities
·         Project financing
 AAA Intergalactic also brings full investment services:
·         Deal Origination andTransactions
·         Efficient Due Diligence and Risk Management
·         Market entry strategy and General Management
·         Active Local Project Funding
 Investments Combined with Philanthropy
"The time has come to move in the right direction with quick and effective action" said
AAA Intergalactic’s CEO, adding:
  "Poverty is the only illness that cannot be diagnosed by doctors but that financial institutions can and should treat." Princess Rachel Belle
 The German-Cameroonian Princess by birth recently journeyed to Africa, where she was warmly received by the Prime Minister of Cameroon. His Excellency Dr Joseph Ngutestated that his government and cabinet are encouraging young entrepreneurs in Cameroon and will co-operate with AAA Intergalactic led by Princess Belle to promote Cameroon as an attractive investment destination in Africa. Cameroon is the 14th richest country in Africa according to statistics provided by worldsrichestcountries.com.
 The young and dynamic German-Cameroonian Princess was also warmly welcomed by African aristocrats such as His Majesty Joseph II Ekandjoum, King of Baréhock. Princess Belle has been hailed as a model global citizen/ philanthropist/activist and an excellent entrepreneur.
In January 2019, during her visit to Cameroon, Princess Belle donated school supplies to the Lycée's management, and gifts to the teachers with the best performance. She also distributed scholarships based on academic excellence to 19 students at Baréhock High School in Littoral. Many recipients were young women who, absent such generous donations by AAA Intergalactic under the direction of CEO Princess Belle, may have become dropouts due to cultural attitudes, domestic duties, early marriage, early pregnancy, and social vices that are used as a means of survival.
 The boys are equally unfortunate due to rampant child labour law violations. In Africa and the Middle East, 73.3 million children ranging in age from 5 to 17 are involved in child labour, according to the International Labour Office.*
 The AAA Intergalactic scholarships are therefore not just a philanthropic so-called "nice gesture"; these are necessary investments to help students, especially young women, and the communities in general, stave off poverty.
 After being graciouslythanked by the high school principal and the grateful students, Princess Belle went on to network with the country's leaders, advocating for the creation of local jobs and the adoption of her Group’s investment system: AAA Intergalactic’s Fair Funding. Princess Belle, with determination and the full force of her winning spirit, said: "We must first create thousands of jobs, then I will rejoice!"
 Choose the Best, Encourage the Rest
You hold the future in the palm of your hand. You touch it with your fingertips. Grab it and take ahold of what the earth has to offer you. The coach of a football team must detect the best players so that he can lead a team of winners. Joachim Löw and Oliver Bierhoff, coaches of the German team, were able to put together a group of highly talented players who went on to win the World Cup and make Germany proud.
 The AAA Intergalactic teams, in this same spirit of competition, are selecting the African winners of the future because their Chairwoman has a vision of Africa, once again basking in all her beauty and splendour.
 AAA Intergalactic will be the front-runner in showing other financial companies the great investment potential in Africa.New trends in technological innovation and better ecological systems continue to emerge. The visionary, Princess Rachel Belle, defines futuristic companies as those with the best chance of succeeding in the future, especially in emerging markets - such as futuristic logistics, renewable energy, green solutions, high-yield crops, artificial intelligence, and smart cities. These new industries, along with other high-growth sectors, will directly reduce local and global poverty while creating sustainable vocations. The "AAA Intergalactic's Fair Funding system" is unique in that it will give capital to the most underrated companies best placed to succeed. AAA Intergalacticwill be the front-runner in showing other companies the great investment potential in Africa.
In summary, after choosing the mostunderestimated companies for direct financing, AAA Intergalactic will provide appropriate support and education to those who show a high potential for success.
  Equally Relevant
Passion– Commitment –Integrity; these are the three currencies of the AAA Intergalactic Investments Group, which will ensure fairness and justice in the futuristic markets of developing communities. That’s its niche – to caringly capitalise those most in need of its Fair Funding.The very committed CEO is also one of the female members of the German National Committee of the UN.
Women are not at the top of the financial pyramid when evaluated by credit institutions. However, AAA Intergalactic seeks to change this reality for female entrepreneurs and employees. Women are the most effective, creative and innovative workers in households and businesses. Unfortunately, women have historically been forced to achieve a great deal with very few resources.  It is often said that women are reluctant to take risks, while men are attracted to risky behaviour. That is why we believethat women are the most eligible candidates for advanced funding on fair and affordable terms. AAA Intergalactic gives women and men a chance to achieve their full potential and givesdeprived communities a fair chance to rise. Their win is AAA Intergalactic Investments Group’s victory.
AAA Intergalactic and partners are currently working on the implementation of impactful and lucrative projects that will create approximately 1030 sustainable jobs within the next 18 months.
For more information visit AAA Intergalactic’s websites or contact the Relationship Management team:
 E-mail: [email protected] Telephone: +1 212 960-3571
www.aaa-intergalactic-investments.com
  About
AAA Intergalactic Investments Group
Industry: Financial Services
Characteristics:
·         Socially Responsible Investor
·         Innovator
·         Futuristic
 Group size:> 63 members l Type: Privately Held l Founded: 2018
 Companies and Locations:
 AAAIntergalacticHochschildCapital
Corp & Co.KG
Nextower   l Thurn-und-Taxis-Platz 6
60313 Frankfurt am Main, Hesse
Germany
+49 69 25 73 75-296
www.aaa-intergalactic-hochschildcap.eu
 AAA Intergalactic Investments
Corp
30 Wall Street
New York City, NY 10005
United States of America
+1 212 960-3571
www.aaa-intergalactic-investments.com
  AAA Intergalactic Infrastructure
Sarl
Douala- Ancien-Dalip,
Boîte Postale 13096
Littoral, Cameroon
+237 677 434-585
www.aaa-intergalactic-infrastructure.com
 SOURCE - http://www.aaa-intergalactic-investments.com/
0 notes
topicprinter · 4 years
Link
The Entrepreneur Roller CoasterYour Essential Guide Book for Thriving as an EntrepreneurDarren Hardy“All human beings are entrepreneurs. When we were in caves, we were all self-employed… finding our food, feeding ourselves. That’s where human history began. As civilization came, we suppressed it. We became ‘labor’ because they stamped us, ‘you are labor’. We forgot that we are entrepreneurs.”- Muhammed Yunus, Nobel Peace Prize winner and microfinance pioneerIntroduction“Once you make a decision, the universe conspires to make it happen.”- Ralph Waldo EmersonThis chapter talks about how he became an entrepreneur. This wasn’t something that he planned or decided on with forethought, but rather something that happened in the spur of the moment. The business prospect that enticed him was a company that offered you the chance to buy home water filtration systems at wholesale, then sell them at retail prices and make a profit. (Almost like pursuit of happiness more water filters and less x-rays-T.K)He mentions his mentality as a kid. He use to work commission based jobs, and less 9-5 jobs like fast food. He did this because he wanted to march to his own beat and learn things on his own. He wanted to control his own future and not be constrained by minimum wages and pointless rules. He basically became a door to door salesmen in the beginning, but for him that was a learning moment, every new door meant testing a new angle. In the selling process he used everything from compelling stats to new selling methods. He worked all day and sold nothing, he left the house with 40 water filters and came back with 40 water filters. He was crushed. After assuming he failed and crashed he went to his system of support which was his grandmother. Guess what she did? She ended up buying one in the process of him explaining his sales process. The next logical step for him was asking for referrals. He succeeded in that and ended up selling 16 more. Like any story of a young entrepreneur, it was going to well for him and something bad had to happen and it did. The water filters that he installed were not installed properly and as such ruined his grandparents' home. He had to undergo so much from embarrassment and fixing the other ticking time bombs.The feelings he remembered from the first moment of deciding to become an entrepreneur were:The initial anxiety of taking the leap and investing his hard earned money and the moment where he noticed he might not be cut out for the business and might lose his savingsThe thrill of seeing the first arrival of his product and the initial deflation after his father's reaction and disappointment.I remember feeling the optimism that everyone would buy, the hollow pit in my stomach when everyone said no, the elation of selling the first product, and the exhilarating blur the sales streak that followed.He remembered the shame, embarrassment, and the struggle to overcome the failure that flooded my first few weeks in business.Business is a frightening, exhilarating, and totally addictive thrill ride.Now is the time to rideHe states that ““ It’s never been this good and it will likely never be this good again.”... We have access to the best and brightest business minds in the world. We see all the latest economic news, press releases, and trend data. And we’re sitting on the greatest success archives ever collected in business history.”This it! Right now. Unlike any other time in human history. But you better hurry.For decades ivory towers monopolized the playing field, and as such, held the keys to success.They controlled:The raw materials and resources to create products.The money and talent.The shelf space in stores, and the ships, trains and trucks to fill them.The media and marketing, from newspapers and magazines to radio and TV.They made the game, rules and always have a guaranteed victory.Each of these control points are now open to the public, and are now optimized by the truly crafty individuals. The playing field has truly been leveled. The world’s marketplace is at everyone’s fingertips-literally.People far less smart, capable, talented, or hardworking will stand up. People with lower education, social standing, or family connections will take notice. Even people who are not as nice, kind, or generous as you will take action.What you need to be an entrepreneurYou need to be a lot tougher. On your journey to be an entrepreneur you will face rejection, negativity, and doubt. You will have to face these problems without flinching.You’ll need to be well equipped. It is an emotional ride and it happens in the real world. In the real world you need to be prepared with skills. So you’ll need skills like sales, leadership and productivity.You will need confidence. Everyone starts off scared no matter the pursuit. Doubt is part of the process, and we all get hurt in the processThese are the things that will be covered in the book.“Love doesn’t make the world go ‘round. Love is what makes the ride worthwhile.”- Franklin P. JonesChapter 1The Height RequirementWhat It Really Takes To Survive And Thrive In BusinessIf you walk around any amusement park, what do you see in the line for roller coasters, no matter the kind of roller coaster, a nervous kid with his back against a lined board. Each mark is an inch, and there’s always one that matters the most. It’s the line that marks the height to ride. A kid will do anything to reach the line from standing on their tippy toes to fluffing up his hair. They do anything for a fraction of an inch.What is required for the rollercoaster of entrepreneurship is not height, but rather love.“The first and most important factor in building a successful business is that you have to love it.”- Darren HardyFinding What MattersHe talks about his successes this chapter how he went from selling door to door to a 5 million dollar operation. He shares a story. He was on recruitment quota and he had to get one more. The person he was talking about was a 50 year old lady. To join his crew there was a 5K commitment and that would take her savings. She asked him is this for her, and he took a minute and said no.Guess what he did next and this was crazyyy-T.KHe drove and he went through deep thought. He knew she would not have succeeded in this business and he imagined the heartbreak she would go through if she failed. He underwent a character awakening moment and it no longer felt right to him. He called the lady back named kate. He told her “I’m not coming back. Ever. The office and the business are yours. I’m done” True to his word he never came back because he feel out of love from his business. If there isn’t love, there wasn’t anything.Love It.... or Else!Steve jobs during an interview at a D5 conference said “People say you have to have a lot of passion for what you’re doing and it’s totally true. And the reason is because it’s so hard that if you don’t, any rational person would give up. It’s really hard. And you have to do it over a sustained period of time. So if you don’t love it, if you’re not having fun doing it, you don’t really love it, you’re going to give up. And that’s what happens to most people, actually. If you really look at the ones that ended up, you know, being “successful” in the eyes of society and the ones that didn’t, oftentimes, it’s the ones [who] were successful loved what they did so they could persevere, you know, when it got really tough. And the ones that didn’t love it quit because they’re sane, right? Who would want to put up with this stuff if you don’t love it? So it’s a lot of hard work and it’s a lot of worrying constantly and if you don’t love it, you’re going to fail.”If you don’t love your business, then you’re not gonna make it. You’ll give up.“Starting a company is like staring into the abyss and eating grass”- Elon MuskThe truth about the phrase “looking for my passion” is an excuse in disguise, we use it to cover up the fact that we are not progressing, growing, and taking action in life. The problem isn’t that you lost or missing. Passion isn’t something to discover, it’s already inside of you.Darren liked to compare passion to electricity in a light switch. It’s always there ready to be turned on. The electricity is just waiting to be turned on. Passion is just like electricity, all you have to do is flip the switch.There are 4 light switches to turn your passion on.Switch No.1- Being passionate about what you do.People often judge one person’s front of stage persona with their back of stage reality. How often do singers spend on stage or reality speakers like oprah on camera fulfilling her mission of “using television to transform people’s lives” . The reality is only around 5 percent and the rest of their days is endless meetings, negotiations, and many more random activities. He warns of not over romanticizing the idea of being wholly passionate about what you do. It’s true that 5% of what people do is fun and amazing, but I don’t care what you do, it’s going to suck most of the time. Nothing is going to fun all the time. Give up on that notion now. Is it shocking, if it is get used to it, because it’s the truth and not an opinion.Switch No. 2 Being Passionate about why you do it.He doesn’t love what he does, but why he does it. He doesn’t like to always live out a suitcase or do so much research on endless data logs. I love to empower entrepreneurs around the world. Even if what you have to do is difficult and a dark choice, the passion of why you do it outshines any of the darkness.“The two most important days in your life are the day your born and the day you find out why.”- Mark TwainIf your truly in love with the results of what you do(the why) then you can navigate the tough 95% with grace and passion too.Switch No.3 Being passionate about how you do itIf love and are passionate about what your doing, you don’t do it for gratitude, but rather you do it for yourself. Love the concept of doing things with excellence and thrive on it. Bringing passion to anything you do no matter how boring it is, is an extremely difficult task.People who live by the how switch is truly inspiring. No matter what profession your in bringing enthusimsm and excellence is a result of how you do things, rather than why or what, because those can only carry you so far.When you have passion, opportunity will find you, and people will beat a path to your door.Switch No.4 Being passionate about who you do it for.If anything else fails, this thing is always consistent, you will do things for who it benefits.He shares the story of one of the people that attended one of his forums. The person’s name is Todd Duncan. He has hit rock bottom and what motivated him to get back to the top wasn’t the how or what, but rather the only thing that mattered was who.At 45 Todd was at the pinnacle of success, he was an author of twelve books, public speaker, and owned a successful business. Todd not only succeed in his professional life, but also his private life. He made a wrong move, even though it looked like the perfect move. It cost him millions, and in the middle of recovering he had even sell the business bearing his name. This caused him to lose his company and job, while maintaining a non compete. He was stuck in the endless abyss of legal battles, but fate turned for the worst and his wife had cancer. She later passed away. Later the person who fired him settled causing him to recover everything he lost.I asked him one gut wrenching question why did he enter a battlefield that had just punished him, embarrassed, and beaten him so mercilessly?He answered, “I was instantly a single father of my two teenage boys who had just lost their mom… I had school tuition and mortgages to pay, and debt to manage”He had to become a pillar of strength not for himself but rather for his family behind him.“ If you haven’t found something you are willing to die for, you aren’t fit to live”- Martin Luther KingIt doesn’t matter which switch you flip, but rather as long as the choice matters to you. Once you flip the switch, it’ll give you the boost you need to persevere through the dips, twists, and loops of the track ahead on the entrepreneur roller coaster.Finding Your Fight“Almost every great achievement began with someone finally getting,`Enough!` and standing up to fight.”- Darren HardyA good enemy gives you reason to get passionate, a nemesis pushes you to your limits. Love and hate are the same thing. If you love something, you equally hate what threatens it.Finding Your StrengthThe entrepreneur roller coaster is about how well you can identify your unique advantages, and to move your business forward.In the 1990’s billionaire Warren Buffet did not invest in internet stocks. He was clowned by everyone, but surprise the internet bubble popped and he was called a genius.When asked why he didn’t invest, he held up his index finger and thumb to make a circle he called this his circle of competency. I only get involved in opportunities that are inside this circle.We all have unique skills, talents, and advantages and it is our job to identify it.Were you born strong?When Darren Hardy was a child his teacher once said to him that “success was not in your DNA”The teacher implied to him that even if your not successful at writing, you are successful at other tones. The connotations behind those weird meant everything was decided from the moment he was born. She simply meant that he was not good at writing, but rather he will never be good at it.He admitted that his DNA wasn’t special, but then againSteve Jobs was born to two college students who didn’t want to raise him and gave him up for adoption.Mark Cuban was born to an automobile upholsterer. He started as a bartender, then got a job in software sales from which he was fired.Former Secretary of State and retired General Colin Powell was born in Harlem to immigrant parents from Jamaica. He was a solid C student.Tony Hawks was so hyperactive that he was tested for psychological problems.Barbara Corcoran, known as the Queen of New York City, is one of eleven children, started as a waitress, and admits to having been fired from more jobs than most people hold in a lifetime.Everyone single one of these people went through turmoil and they all were on the cover of Success magazine.You are the creator of your destiny as long as you walk on this earth.Strength TrainingAround David Foster's 60th birthday Darren Hardy decided to interview him. The hitman maker behind celine dion and many more.Even after winning 6 grammys he still went on to work 7 days a week and more than 40 hours a week. He had literally won the game he had money and fame so I asked him why?He said to me” On a Saturday morning, when it’s quiet, there is no place I would rather be on the planet no exotic beach, no lounge chair, no golf course than in my studio making great art. That’s not working, but rather that's living to me”This lead Darren Hardy to the conclusion that successful people aren’t genius, but rather maniacs. There is this false narrative that people are born geniuses or have some innate talent. This is the exact opposite people on top of the game merely found something they love. They developed a nearly maniacal drive to continually improve their skills performance, and outcomes.Why is it that we fall for the myth of innate talent? It’s really simple and Darren summed it up into one phrase.Darren Hardy said that “ The thought that I can’t is a lie. We use it to excuse ourselves from trying.”The sad reality of the situation is we use other the excuse of genetic luck, while avoiding disappointment in ourselves.Micheal Jordan Said “Everyone has talent, but ability takes hard work.Chapter 2Secure your shoulder harness“Great Spirits have always encountered violent opposition from mediocre minds”- Albert EinsteinThe definition of a freak is: A person who is obsessed with or unusually enthusiastic about specified interest.Hearing this, wouldn’t it be hard to believe that an entrepreneur isn’t a freak.The opposite of a freak is normal. Normal is defined as: Conforming to the standard or the common type.He uses a description of a crab trap and why does such a fast and agile, always get caught by the thousands. They have a human like traits and that is to drag down whatever that doesn’t conform. When a crab falls for the trap and takes the bait. More crabs follow, just to follow. So what happens when the bait is gone. Nothing they stay because all the other crabs are staying they conform. The next thing that happens it crazy. When a crab tries to leave the trap, the other crabs claws them down forcing him to stay.Five Strategies to embrace your inner entrepreneurStop being likeableThe perfect example of this is the presidency. He used the example of Barack Obama during his reelection. He has become the most powerful man in the planet. He was mid speech, but he only won with 51% of the vote. So that meant the other 49% believed that he was unfit for office, but guess what he was in office for 100% of people that voted. The higher you climb, the more people hate you..If everyone around you thinks your doing a good job, something is wrong. Reframe your perception of disapproval, and it will empower you rather than drain you.Become LaughableAs a kid we all never wanted to be the bud of a joke. Well is always that because there a bunch people that were laughed at, but they had the final laugh.You ever heard about the joke where a man bought 160 acres of an orange groove to create the happiest place on earth.Well Walt Disney and his heirs are laughing with 515 million people that have truly entered a wonderland.There is a whole list of famous people that were laughed at when they shared their ambitions. Trust me and the wise implications of Gandhi, people laugh at revolutionaries, extraordinary achievers, and icons… at first. So if you believe in your dreams, visions, or plan, don't let snickering and finger point deter you.Define SuccessHe used a very personal example for himself, when faced a shift on his definition of success. His whole life, he worked and worked to be able to impress his father. One day he got so wealthy he decided to buy his dad a new house with all the works. The first thing his father did when he saw his new house was point out the flaws. Darren was devastated because he finally thought he would be able to impress his father, but it didn’t work out. He thought he was unsuccessful because of that. In that moment he realized that he would have to create his own definition of success.Right after this moment he went around and interviewed 100’s of successful people. One interview that shook the core of his beliefs around success was Maria Shriver. Her answer led him to the idea that too often do we base our success on other people and not enough time trying to crave our own version of success.Simply speaking your time is limited, so don’t waste it living someone else’s life. Don’t be trapped by dogma, which is living with the results of other people's thinking. Don’t let the noise of others’ opinions drown out your own voice, heart, and intuition. They somehow already know what you truly want to become.Get a GripThis is another story that he read, that changed his opinion of the way people should live their lives. This article he read broke down some common stats around funerals.The article stated that you could live a long full life as a good citizen, a good friend, and a good human… Even then only an average of ten people would care enough to cry.This wasn’t the worst part. 50% of people will skip your burial and go to the afterparty because the rain.He then explains the 18-40-65 rules. That simply means that as an eighteen year old we constantly worry about everyone else’s opinion. Then when we’re 40 we only care about our loved ones feelings. Then the 65 rule which means we realize that no one is really thinking about us.Reduce Recovery TimeOn the journey to be an entrepreneur we all will face step backs, failure, and disappointment, and obstacles. These kinds of problems are mandatory, and yes, they hurt. You will get hurt over and over, what separates the freaks from the normals is how long it takes for you to get back up. It is in moments of great disparity where we realize our next steps and marks for achievement.Martin Luther King Jr said “The ultimate measure of a man is not where stands in moments of comfort and convenience, but where he stands at times of challenge.”We can either be the men who overcome insecurity and turmoil to reach the everest of achievement or we fall into the depths and be buried by the waves of mediocrity. You can either be a challenger or a conformer.The path gets dark, sometimes dark then others, but there will be few moments of light. Those moments will make it all worth it because comfort after adversity is triumph.Confucius said that “ Our greatest glory is not in never falling, but rather getting up every time we do.”If you want to get better, you have to push yourself. If you push yourself, your going to fail. What goes up must come down. If your not falling, then your not getting better.This philosophy is detrimental towards anyones growth. It is okay to fail, even better, it's important to fail because it’s proof that your trying and your aiming to be better than your old self and the limits set by that. With that mindset setbacks and obstacles shouldn’t be moments of despair, but rather moments of celebration.
0 notes
siib1248 · 4 years
Text
Here’s why you should pursue an MBA in Agribusiness Management
For an agricultural country like India, Agribusiness Management is of colossal importance. It monitors the large-scale agricultural business operation, which includes farming, processing, manufacturing, packaging and distribution of products. It acts as the link between farmers and companies that buy from them.
To make a career in this promising field, you must pursue an MBA in Agribusiness Management from one Agriculture Business management colleges in India. Here’s everything you need to know about this programme.
1. What is an MBA in Agribusiness Management?
Agribusiness management is a broad field that aims to use management principles for commercializing agricultural production. Hence, an MBA in Agribusiness Management covers the following in its two-year postgraduate programme - 
- Emphasis on rural marketing and retail management.
- Learn financial concepts such as microfinance, commodity trading and lending    and risk management.
- Supply Chain Management that covers agricultural logistics in detail.
- Import-Export.
- Taxation.
Moreover, this programme covers the operations of other allied sectors such as agrichemicals, breeding, crop production, distribution, farm machinery, processing, and seed supply.
2. Why should you pursue this course?
According to this government press release in 2014, Agriculture and allied sectors such as Forestry and Fishing accounted for 13.9% of the total GDP. It proves that agriculture contributes immensely to India’s economy and has the potential to add even more. However, adequate production and even distribution of food have been a concern off late. In order to tackle this issue, there is a growing need for Agribusiness Management professionals who can bring a revolution in this sector. If you pursue this career, your immediate goal would be to improve operations while keeping prices reasonable at the same time. It includes focusing on the processing, warehousing, distribution, marketing and retailing of products used in farming. You can also advise farmers on using modern technologies that will them grow and produce livestock, and ship their products more effectively.  
Thus, your unique skill set will command a high demand in the market. 
3. What are the career prospects after completing this course?
After completing this programme, you can land one of the following lucrative job profiles in either the public or private sector- 
- Agribusiness Office Assistant
- Agribusiness Marketing Coordinator
- Farm Manager
- Farm Auditor
- Agribusiness Food Manager
- Agricultural Analyst
- Market Analyst
- Crop Producer
- Quality Controller
As a fresher, you can expect an average starting salary of around Rs 6 lacs per annum. In case you graduate from a top college like SIIB, you can expect a starting salary at around Rs 10 lacs per annum. You can also check out their flagship course, MBA in International Business Management. 
MBA in Agribusiness Management allows you to pursue a niche MBA specialization and still make a successful career in it. Do not hesitate to grab this opportunity!
0 notes
Photo
Tumblr media
Hello from Barranquilla! Today marks two months here, which is pretty unbelievable to me. I’ve been working in microfinance and small business development while immersing myself in “la cultura costeña,” the culture of the Colombian coast. I’m interning at the Fundación Mario Santo Domingo (FMSD), a foundation working in the metro areas of Barranquilla and Cartagena in affordable housing, community and entrepreneurial development. My projects are with the non-financial services side of the entrepreneurial development unit, but I’ve been fortunate to visit clients of their financial services too and learn about the impact FMSD makes through microloans.
After spending my first two weeks getting to know FMSD, I was assigned my principal project, a collaboration between FMSD, the Fundación la Cayena, and ACIMA (Asociación de Confecciones Industriales Mujeres Activas de Juan Mina). ACIMA is a 20-member women’s association in the Juan Mina neighborhood that sews industrial uniforms for local companies. They work very closely with the Fundación la Cayena, a Juan Mina-focused foundation that is providing all administrative services to ACIMA. In practice, the associates (“asociadas”) of ACIMA sew the uniforms, and the Fundación la Cayena buys their direct materials, finds clients, and takes care of their accounting and other administrative tasks. My job is to facilitate the transferal of those administrative and entrepreneurial responsibilities from the Fundación la Cayena to ACIMA, with the goal of further empowering the asociadas and increasing the efficiency of ACIMA’s operations. So far, we’ve designed new roles for the staff and held a general assembly to elect asociadas for each position. For the rest of my time here, I’ll be working individually with the asociadas to implement these new roles, transfer responsibilities and share the knowledge I’ve learned throughout my undergraduate business degree. I’m also helping with a few other projects for ACIMA and the Fundación la Cayena, such as recommending an IT system appropriate for microenterprises and conducting a break-even analysis to determine how many sales they’d need to provide the Colombian minimum salary to all of their associates.
As the point person on this assignment from FMSD, my project is messy, challenging and rewarding.  I have a level of responsibility and autonomy that has been overwhelming at times: instead of completing tasks assigned by a supervisor, I design my own workflow, deliverables and tasks, and have to decide what to prioritize. Despite the stress of holding myself so responsible for the project’s outcomes, I'm fortunate to be trusted with this stretch assignment, and am developing soft and hard skills that will set me apart in my upcoming search for a full-time job.
My internship has also required me to adapt to Colombian office culture. One of the most positive aspects of this experience has been how warm and welcoming the Fundación la Cayena and the asociadas of ACIMA have been with me. A Colombian professor at UM advised me that unlike many US offices, Colombian coworkers truly care about how you’re doing outside of your professional life. I was also told my coworkers would go out of their way to ensure that I was having the best experience possible. Sure enough, the staff of the Fundación la Cayena have taken me out to lunch, given me rides, and even invited me over to their houses. The asociadas have also been incredibly accommodating and open with the foreigner who is now in their workspace frequently, and have opened up to me more and more in the past weeks. I’m very excited to work more individually with them during my remaining time here.
My biggest challenge with this different office environment has been understanding the indirectness embedded in Colombian communication. I first heard about this indirectness in a business communication class, but only realized how it manifests in day-to-day life once I arrived. For example, using the present tense in Spanish often doesn’t mean you’re currently engaged in that activity; doing something “ahora” (now) usually means you’re about to start the activity but haven’t yet; and “ahorita”, which translates directly to “little now”, means you’ll get around to the activity even later. Another phrase which I have a love-hate relationship with is “no sé que, no sé cuando”, which is basically a stand-in for etcetera. However, it’s frequently used in conversations where that information actually is necessary; for example, visiting a microfinance client and asking about their business expenses. Having to navigate not only Spanish conversations but additionally arriving to conclusions about the subtle implications has been a challenge, but one that has stretched and grown my interpersonal communication skills.
All in all, my favorite part of my internship has been the deep dive I’ve taken into some truly impactful work. Instead of sitting in an office all day, I get to spend several days a week with the women my project is intended to serve. Instead of dreaming about working in microfinance or small business development, I get to experience those fields as an undergraduate. And instead of wondering what it would be like to work abroad, I'm learning the pros and cons now, and can make a more informed decision when pursuing a job after graduation. I’m grateful for the unique internship I have this summer and the lessons I’m learning from my coworkers at FMSD, Fundación la Cayena and ACIMA.
Charlene Franke
Intern, Fundación Mario Santo Domingo
C.K. Prahalad Fellowship
[Pictured: hanging out before an ACIMA general assembly]
0 notes
newstfionline · 6 years
Text
What’s the World’s Fastest-Growing Economy? Ghana Contends for the Crown
By Tim Mcdonnell, NY Times, March 10, 2018
TEMA, Ghana--As recently as the 1980s, the West African nation of Ghana was in crisis, crippled by hunger after a series of military coups. But it has held peaceful elections since 1992, and its economic outlook turned considerably brighter about a decade ago, with the discovery of major offshore oil deposits.
Now, as oil prices rise again and the country’s oil production rapidly expands, Ghana is on track to make a remarkable claim for a country mired in poverty not long ago: It is likely to have one of the world’s fastest-growing economies this year, according to the World Bank, the African Development Bank, the International Monetary Fund and the Brookings Institution.
Its projected growth in 2018, between 8.3 and 8.9 percent, might outpace even India, with its booming tech sector, and Ethiopia, which over the last decade has been one of Africa’s fastest-growing economies thanks to expanding agricultural production and coffee exports.
According to the I.M.F.’s projections, only Bhutan, with a minuscule economy, and Libya, whose war-ravaged economy plunged in recent years, may have a higher rate of growth this year.
In January, Ghana’s benchmark stock index achieved the world’s highest rate of growth, 19 percent, according to Bloomberg.
And oil is not the only resource helping to drive Ghana’s economy. Cocoa is Ghana’s other natural bounty, and producers are piggybacking on the oil boom.
Edmund Poku, the managing director of Niche Cocoa, said his processing factory in Tema, an industrial suburb of the capital, Accra, already has contracts to sell all of the powder, butter and chocolate bars it plans to make in 2018.
“This is the first year we’ve done that,” Mr. Poku said as employees in white lab coats ducked into his office from the factory floor for the day’s marching orders.
Inside Mr. Poku’s noisy chocolate factory, crews of technicians sat behind banks of computers, operating machines that roast, grind, boil, press and blend hundreds of pounds of cocoa beans every day.
His factory embodies the goal of economists and technocrats across Africa: a local enterprise that offers hundreds of well-paid, skilled jobs and uses cutting-edge technology.
Mr. Poku has doubled his factory’s capacity in the last two years and plans to hire another 100 workers this year. He predicted other business sectors would also have the opportunity to expand.
“Once people see that the economy is growing, banks and investors will be more willing to see Ghana as a good place to make investments,” he said.
While the country is on a roll now, economists and other experts have urged Ghana to avoid the so-called resource curse that has plagued other nations that rely too heavily on the extraction of petroleum and minerals--industries often associated with graft and corruption.
President Nana Akufo-Addo, who was elected in late 2016 on a wave of discontent over the economy, has pledged to heed that advice, and to funnel oil revenues into education, agriculture and manufacturing, to diversify the economy.
In his recent State of the Nation address, Mr. Akufo-Addo called the agriculture industry the “backbone” of his development agenda and said that factories like Mr. Poku’s have been the “takeoff point for industrialization in most developed societies.” He said he also plans to expand incentives for cocoa processors.
Cocoa sales are helping lift Ghana’s agriculture sector, which at the end of last year posted its best quarter of growth since 2010, driven by a bumper cocoa crop. Cocoa prices, along with prices for another of Ghana’s exports--gold--are rising again.
The cocoa processing industry is expanding to take advantage of an influx of raw beans, said Eric Amengor, the deputy research manager at the Ghana Cocoa Board. Applications for permits to build new factories are flooding in, he added.
But critics say that a program to set up new factories across a range of industries--one in each of Ghana’s 216 districts--has been slow to get started.
Growth in industries like finance and health care has also lagged, in part because government investment has been restricted over the last few years, in order to correct for years of overspending. After an initial oil boom in 2011, an overextended public payroll and increasing debt interest payments drove the country into a deep budget deficit when oil prices fell.
But today, Ghana seems to be getting back on stable budgetary footing, analysts said.
While the long-term goal is to diversify the economy, the main reason behind all the current optimism in Ghana is still oil.
In the last 18 months, two major oil fields off Ghana’s coast have started production. In 2017, production jumped to nearly 60 million barrels, resulting in oil export revenues 124 percent above the previous year, according to central bank statistics.
The boom has some experts worried.
“If you suddenly see a resource bonanza coming, there’s a tendency to spend money you don’t have, and that has been the case in the Ghana situation,” said John Page, a senior fellow in the global economy and development program at the Brookings Institution.
What happens in Ghana could hold lessons for other West African countries, including Senegal, which recently announced discoveries of oil and gas off shore, and Mauritania, which has signed an exploration deal with Total, the French oil company.
While Ghana may have a shot at claiming the title of fastest-growing nation this year, it will still have to prove it can parlay its oil boom into high-quality jobs and sustainable growth.
Across the nation, many ordinary citizens feel left out of the economic expansion.
The unemployment rate, although below the average of 7.4 percent in sub-Saharan Africa, increased from 4 percent in 2011 to 5.8 percent last year, according to the World Bank. Among youth, the rate is as high as 11.5 percent.
On the streets of Accra--where the population has increased by nearly one million in the last decade, to 2.7 million, as people pour in from the countryside in search of work--optimism can be hard to detect.
Kekeli Aryeetey graduated from Pentecost University College in Accra several years ago with a degree in finance. She was laid off from a microfinance firm, and then from a travel agency, before deciding to open a shop selling bulk rice and palm oil.
As a student, she imagined her future in an air-conditioned office with a decent salary and annual vacations. Her income now is about $67 per month, below the national average of $115. She is waiting for the oil money to trickle down.
The government “speaks very big,” she said, “but in terms of our daily activities, I don’t see anything. You can go to school, get a qualification, but it’s not enough. We’re still struggling for jobs.”
0 notes
vakilkarosblog · 6 months
Text
Tumblr media
NABARD, the National Bank for Agriculture and Rural Development, plays a pivotal role in facilitating Section 8 Microfinance Company Registration. It serves as a crucial regulatory and financial institution in India, overseeing the development of microfinance entities. Through its expertise and resources, NABARD empowers Section 8 companies, ensuring compliance with regulatory standards for microfinance operations. This support is instrumental in enabling these companies to effectively serve underserved communities, fostering economic growth and financial inclusion. "Microfinance Company Registration" refers to the formal process of establishing such entities, while "Section 8 Microfinance Company Registration" specifically pertains to non-profit organizations dedicated to social welfare and financial inclusion initiatives. Read More
0 notes
vakilkarosblog · 6 months
Text
Tumblr media
A Section 8 Microfinance Company, under the Companies Act, 2013, is a non-profit organization that is established with the objective of promoting commerce, art, science, sports, education, research, social welfare, religion, charity, protection of environment, or any such other object. It aims to utilize its profits or income, if any, solely for the promotion of the specified objects. This legal structure is particularly well-suited for entities that aim to carry out charitable or non-profit activities. Read More
0 notes