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From Extremely Poor to Entrepreneur: A Starter Asset Combined with Mentorship Forges Pathway Out of Poverty
Today Arfa Bibi runs a successful vegetable farming business in India. Only a few years ago, however, Bibi and her husband struggled to feed their family and she even resorted to begging. Her transformation into entrepreneur came thanks to Kolkata-based nonprofit Bandhan-Konnagar's graduation model program Targeting the Hardcore-Poor, whose success was cited in a six-country MIT study of 21,000 of the world's poorest people.
- Categories
- Agriculture, Entrepreneurship, Financial Inclusion
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First-of-its-kind report highlights enormous potential for developing mutual and cooperative insurance for the poor in India
With about 600,000 cooperatives in the country with a collective membership of over 250 million people, the potential for developing mutual and cooperative insurance for the poor in India is enormous.
- Categories
- Financial Inclusion
- Region
- South Asia
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New study examines ecological underpinnings of world’s rural poverty
"The livelihoods of the rural poor are literally consumed by other organisms in complex ecological systems," explained Matthew Bonds, a visiting assistant professor of medicine at Stanford and co-author of the study published in Nature Ecology & Evolution. "The environment's influence on poor rural economies makes them fundamentally different from the economies of more developed countries."
- Categories
- Environment, Financial Inclusion
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Mobile money helps stave off food insecurity for 250,000 Kenyans
“This programme is transforming the way we respond to emergencies in Kenya,” said Dr Abbas Gullet, Secretary General, KRCS.
- Categories
- Financial Inclusion
- Region
- Sub-Saharan Africa
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Will tech solve Britain’s heartbreaking ‘poverty premium’?
Today business accelerator Wayra, backed by O2’s parent company Telefonica, is launching a business accelerator to tackle the poverty premium. Called Fair By Design, Wayra will offer around £70,000 in cash and services in seven small digital businesses aiming to improve access to affordable services.
- Categories
- Technology
- Region
- Europe & Eurasia
- Tags
- accelerator, credit, poverty, poverty alleviation, UK
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Yes, microlending reduces extreme poverty
Currently, 836 million people – or 12% of the world’s population – experience extreme poverty, living off less than US$1.25 a day. Using data from 106 developing countries from between 1998 and 2013 to examine the efficacy of microlending as a poverty-reduction tool, I found that just a 10% increase in the gross microfinance loan portfolio per client could cut this number by 1.26%.
- Categories
- Financial Inclusion, Investing
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This Idea for Fighting Global Poverty Keeps Getting Hotter, Especially in Silicon Valley
Interest keeps growing among funders in the idea of fighting global poverty by making direct cash transfers to poor households and letting the recipients spend that money as they see fit. And nowhere is this interest stronger than in Silicon Valley, where GiveDirectly—the lead nonprofit promoting cash transfers—has found some powerful allies.
- Categories
- Financial Inclusion, Technology
- Region
- North America
- Tags
- global finance, nonprofit, poverty, technology
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India’s Government Thinks a Universal Basic Income Could Eradicate Poverty
India is considering a radical idea for tackling poverty: rolling out a Universal Basic Income (UBI), according to a report by the country's Ministry of Finance.
- Categories
- Uncategorized
- Region
- South Asia
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