By Subhalakshmi Ganguly, AVP – ICTPH
Approximately four billion people have annual incomes of less than $3000 (see analysis from the World Resources Institute). These individuals constitute what is called the BoP, an acronym for the “Base of the (economic) pyramid”, a term first coined by C.K. Prahalad and Stuart Hart in their 2002 article “The Fortune at the Bottom of the Pyramid”. The Nextbillion.net blog began in 2005 as a means of communicating and sharing news on recent happenings in the BoP world that utilise business strategies to change the lives of these four billion low-income producers and consumers. The blog originates from the World Resources Institute which partners with Acumen Fund, the William Davidson Institute from the University of Michigan and Technoserve to sponsor and manage the web resource. The blog serves to report on the latest information, organisations, resources and projects in the development-as-enterprise sector.
Recently our Rural Micro Health Centre (RMHC) model was profiled in the NextBillion.net blog which highlighted our four-pronged strategy focusing on innovations in human-resources, technology and infrastructure, high-quality health interventions and accessible financing options. As an organisation, we’re honoured to be featured on a blog that enters us into a vibrant dialogue on healthcare ventures in the BoP universe. We invite you to read the piece by Tilak Mishra and we sincerely welcome your valuable feedback: http://www.nextbillion.net/blog/2011/02/21/advancing-healthcare-reaching-into-rural-pockets-