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It is tempting to call Barefoot Power the next best business model since microfinance. But combining social purpose with capitalism’s animal spirits should sound frightening, given what has happened to for-profit microfinance, notably in India.
This podcast features a chat with Rick Hooper, CEO of Barefoot Power, a highly lauded Australian company that distributes clean and renewable energy products, including solar panels and LEDs, in underdeveloped communities in Africa and Asia. Here, Hooper talks about the business model that defines Barefoot Power and his efforts to expand the company's outreach.