At the age of 24, Rhea Silva set up Chototel, which uses new and sustainable technology to create rooms for rent as low as $1 per person per night. Her family were social entrepreneurs in banking and housing in India, and Silva learned to run her father’s business after he suffered a heart attack. Her ambition is to scale Chototel globally and supply 1% of the world’s affordable housing by 2025.

Key Takeaways:

• Rhea Silva is only 24, but has been involved in her family’s businesses since she was a young child which inspired her to develop her own social impact business, Chocotel.
• Having realised there was insufficient affordable housing available, she sought a way to deliver basic, clean, safe accommodation for around 10pc of the average service worker’s pay.
• The first 2 successful housing projects were in India, but she is now building a global business based on the same model with projects in the UK, UAE and Nigeria.

“I’ve found that starting a business requires persistence and resilience”

http://www.telegraph.co.uk/connect/small-business/new-generation-of-housing-the-story-of-chototel/