William Foote
- Root Capital
At a Glance
- Age: 43
- Headquarters: Cambridge, Mass.
- 2010 budget: $6.2 million
- www.rootcapital.org
William Foote, 43, from the United
States and the founder of Roots Capital initiative is an example of a social
entrepreneur. His idea of providing short term loans to farmers who are willing
but not able to work due to lack of funds all started when he and his wife,
Virginia, were on a journey and then they noticed some small scale farmers
who couldn't make much success in their agricultural production due
to lack of funds, and today, he is a very successful social entrepreneur. William
Foote then went
of to Harvard business school with the notion of creating an
organisation that would provide credit to small scale and mostly poor farmers,
and today, we have Root Capital which has so far provided up to
$260,000,000 in trade credit to certain small scale agricultural businesses.
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