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As India Builds (Part 7)

Posted on Tuesday, May 8th

Our family, miraculously, still holds the old property pretty much intact. The partition suit continues, providing the building itself a temporary protection. Meanwhile the real estate boom in India marches on around it, with the house sitting there, frightened, like an old bride of Bengal at the mercy of the patriarchs. On my recent trip,

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As India Builds (Part 6)

Posted on Monday, May 7th

The face of Calcutta is degenerating fast. Droves of glittering shopping malls welcome young Calcuttans – since among other things India is also importing Retail Therapy. A new credit card industry booms. The expanding middle class rejoices in the sudden Western availability of product after product after product. Satya Paul saris and Giorgio Armani jackets

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The Vision of MicroFranchising

Posted on Sunday, May 6th

By David Stoker, Guest Author MicroFranchising is a development tool that seeks to apply the proven marketing and operational concepts of traditional franchising to small businesses in the developing world. The primary feature of a MicroFranchise is its ability to be streamlined and replicated. The businesses are designed for microentreprenuers and usually target development issues

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Beyond Microfinance

Posted on Saturday, May 5th

By David Stoker, Guest Author After 2005 was declared the year of Microcredit and 2006 had the father of microcredit, Muhammad Yunus, being awarded the Nobel Peace Prize, microcredit has become a mainstream concept and strategy in poverty alleviation. (Even my eighty-year old grandfather is a lender on Kiva.org now) However, with increased attention comes

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As India Builds (Part 5)

Posted on Friday, May 4th

Until a few decades ago, most Bengali homes housed joint families. Our homestead on Elgin Road comfortably housed some 15 family members and another 15 servants. Sunday dinners crammed twenty around a table littered with round-puffy-golden luchis, rich-red goat curry, and an opulent choice of Sandesh and Rasogolla desserts. The children eating as fast as

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As India Builds (Part 4)

Posted on Thursday, May 3rd

Such is the destiny of developing nations. The same routine runs from Kashmir to Kanyakumari. It runs in Mexico, in China. It runs in Brazil, and in Romania. Darjeeling, the erstwhile Queen of the Himalayas, once enchanted with pine-lined walks strung from house to house. Today, it flashes neon signs to welcome tourists. In the

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As India Builds (Part 3)

Posted on Wednesday, May 2nd

The past always recedes. Sensible people do not let that be bothersome. The old steps aside for the new and so it should. Yet, looking out the car window driving through India these days, I am stricken by the pace and brutality of this transition. Chowringhee, Calcutta’s once impressive Paris-esque boulevard, is now layered in

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As India Builds (Part 2)

Posted on Tuesday, May 1st

My family is old Calcutta. We had rice paddy fields that greened as monsoon washed over them. Heavy-limbed mango orchards bearing the juiciest and most fragrant varietals. Homesteads. A home nestled in my grandfather’s legendary rose garden in the now traumatized Bengal-Bihar border. Our relatives’ houses dotted Calcutta. These old houses in the alleys of

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