-
Premature Innovation: What happens when a social entrepreneur has a great business idea in a market that isn’t ready for it?
Mauricio Monjaras Cabañas founded GRIMA Biodiesel at the age of 21, a social enterprise that aimed to produce renewable fuel from castor beans. The fuel was touted as cheaper than diesel, better for the environment, and a boon to local farmers. But when he tried to launch his business, complications quickly set in. He discusses his struggles in this post, the latest in our series on social enterprise failures.
- Categories
- Agriculture, Energy, Environment
- Tags
- renewable energy
-
NexThought Monday – Why Exiting Our MFI was the Best Way to Ramp Up Impact
In 2009 Sammie Rayner co-founded a microfinance nonprofit called Lumana, which was designed to provide loans and financial services in rural Ghana. Four years later Lumana’s MFI operations were spun off in a deal with a Ghanian NGO. In discussing their decision to exit, she cautions nonprofits against getting too attached to the ongoing survival of their mission.
- Categories
- Agriculture
