The Case for Patient Capital

In 2002, after nearly 10 years of running a nonprofit to help poor farmers in India get the most out of their land, Amitabha Sadangi was frustrated. Government aid to alleviate poverty had largely bypassed individuals earning less than $1 day. Instead it was subsidizing large farms and being invested in technology he said his farmers didn't want. Sadangi sought to treat the poor as customers, not passive recipients of charity. He decided he would adapt a water-saving drip irrigation system to the specific needs of Indian smallholders and sell it at an affordable price.

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