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Corporate Social Responsibility
'Our Pick'
2.14.2008 ET
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Source:
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U.S. News
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News Category:
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Businesses give hope to third world entrepreneurs
February 14, 2008 - Heather Carlucci-Rodriguez's business plan for Lassi, a spice line that
she sells in conjunction with her New York City-based Indian restaurant of
the same name, reflects her desire to share success with others. In the
future, she hopes to turn Lassi into its own retail venture, but for now
it serves a different purpose. With the help of Grameen Bank, which
specializes in giving small loans to Third World entrepreneurs,
Carlucci-Rodriguez donates proceeds from her spice line to struggling
entrepreneurs. "As my business gets bigger, hopefully my lending through
Grameen Bank will, too," says Carlucci-Rodriguez, 40. Her contributions
currently fund new female entrepreneurs in India, and as her business
continues to profit, she hopes to expand her lending to include
entrepreneurs in the Dominican Republic, her husband's birthplace. Each
woman funded by Carlucci-Rodriguez receives technological as well as
personal support. And it's a gift that keeps on giving: When funds are
repaid, they are made available to other applicants.
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