Friday, December 11, 2009

101st Post

Blogger says I've already made 100 posts. Here's a post which sounds like a tweet ;)


Most of us would have heard of the term microfinance (oft misused for micro-credit). Here is an interesting company called VNL (Vihaan Networks Limited. 'Vihaan' apparently means new dawn) which promotes the concept of 'microtelecom' through its innovative, open-source, low-power, low-overhead, easily-installable, non-airconditioned, (even solar powered!) rural telecom infrastructure system called WorldGSM

I believe, along with its other counter-part - solar/ low-powered mobile handsets (powering the next billion cell-phones), this forms a really viable ecosystem.

The future of micro-finance itself depends on the way in which mobile telephony is (and will continue to be) able to permeate to everyone in the pyramid. We already know that the catchphrase 'roti, kapda aur makaan' ('food, clothing and shelter') has already been hacked in India as 'roti, kapda and mobile' ;). Already, call rates in India are the lowest in the world (1/2 paise, per second is the latest mobile ad-lingo). Such low-cost access to communication requires a new outlook and thus the jargon 'microtelecom' fits right in. Once microtelecom is in, can microfinance be far behind (Its actually doing pretty fine with even plain-old telephony :))?

Vihaan offers low cost network for rural areas
VNL Blog