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3 Ways That Business Can Alleviate Poverty
Business has become a dirty word. Doing business with the poor seems taboo, shocking, unthinkable. But what if business could improve the lives of the world's poorest people?
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- Impact Assessment
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Beyond Competition: An interview with Grameen Foundation’s Steve Wright
From a traditional business perspective, social enterprise seems to be built upon a contradiction. How can you run a company whose ultimate goal is to foster and empower competitors rather than defeat them? That’s one of the topics discussed by Steve Wright, vice president of Grameen Foundation’s Poverty Tools & Insights division, in this BoP Summit 2013 interview.
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- Impact Assessment, Social Enterprise
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Operation Hope Summit: Reaching the Bottom of America’s Pyramid
Rather than casting the poor as lazy or ignorant, society should be looking for ways to redirect their latent talents and connect them with opportunity.
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- Uncategorized
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Directed Remittances: Are “free” in-kind transfers exciting enough to lure customers?
Remittances from migrant communities have huge social and economic impacts on emerging markets, accounting for over a third of GDP in some countries. But the market has only experienced incremental levels of innovation over the years. Now, according to Nate Gonzalez at Accion Venture Lab, more nuanced business models are emerging, including some that offer in-kind transfers like gift vouchers or bill payments rather than cash.
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- Uncategorized
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World Bank says expanded access to banking services comes with risks
In a new report, the World Bank warns that while some services, like low-fee accounts, clearly benefit the poor and small firms, others - such as microcredit, microinsurance, and debt relief - can do more harm than good.
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- Uncategorized
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The Benefits of No-Strings-Attached Cash
What if I suggested that the best way to fight poverty is simply to give money to poor people, no strings attached? You’d probably say I was crazy. But over the past decade, lots of studies suggest that cash transfers are in fact an efficient way of actually tackling poverty.
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- Uncategorized
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NextThought Monday: Want to end poverty? Bring financial education and empowerment to the youth, says Jeroo Billimoria
Until recently, the financial industry tended to dismiss the thought of young people as necessary customers. Many still feel that youth should be protected, that they don’t need to learn about finance until later in life. On the contrary: to eradicate poverty, we have to ensure that every child is financially capable and included, says Jeroo Billimoria of Child and Youth Finance International.
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World Bank chief calls for an end to poverty
World Bank president Jim Yong Kim set an interim target on Wednesday to reduce global poverty to 9 percent by 2020. If achieved, it would mark the first time the rate has gone down to single digits.The target was based on a World Bank analysis of global poverty trends toward reaching a goal set in April of ending extreme poverty by 2030, extreme poverty being people who live on $1.25 a day or less.
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