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Indian American Rakhi Mishra gets Social Entrepreneurship Fellowship

Boston, June 9 (Truthdive): Rakhi Mehra, who was selected for her work in co-founding micro Home Solutions, a social initiative for developing sustainable housing solutions for the urban poor was awared by Harvard Business School  the 2011 Social Entrepreneurship Fellowship .

Her achievement was recognized at this year’s HBS Business Plan Contest, where teams of student entrepreneurs compete to win cash and in-kind services. Prior to receiving her MBA from Harvard Business School in 2009, she studied economics at St. Stephens College, Delhi and received Rhodes scholarship to Oxford University, where she studied politics, philosophy, and economics.

She was also a competitive swimmer for India and swam on the winning English Channel relay team for Oxford University.

With many years of international development experience, Mehra has worked with CARE, social entrepreneur group Ashoka Fellows, Grameen Bank, and RABO Bank, a global bank focused on agribusiness.

Applying an athlete’s intensity to her new social interests, Rakhi fulfilled a summer internship with Dr. Jeffrey Sachs of Columbia University, “to look at innovative, sustainable ways to reduce poverty and meet the United Nations Millennium Development Goals for 2015.” A subsequent direct meeting with Nobel Laureate Muhammad Yunus inspired Rakhi to launch her own pilot project, Rickshaw Bank in Guhwati, India, based on the successful microfinance model. “We proved its self-sustainability,” Rahki says, “and the bank is now in four cities.” The Wall Street Journal acknowledged the bank’s success with a WSJ South Asia Award for In