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Archive for category: Global Poverty

Key articles and information on global poverty.

Global Poverty, Technology

Young Tech Entrepreneurs Challenging the Status Quo

The word “entrepreneur“ seems to carry a certain gravitas. Names like Mark Zuckerberg, Steve Jobs or Bill Gates often come to mind when thinking about the most well known entrepreneurs. One might think of Silicon Valley as the hotbed of tech entrepreneurs, but a new wave of young, technologically inclined entrepreneurs is spreading in the developing world.

Long have been the days of governments and large non-government organizations (NGOs) dictating development in poorer countries. The age-old stereotype that the young are more technologically savvy than older ones holds true today. While better might not be the right word, younger people around the world are very connected into the technology world.

Because of this, some young entrepreneurs are combining technology and small business solutions to take the lead in changing the lives of fellow countrymen. Instead of a nation’s path being decided by outside investors, young entrepreneurs are putting their own country in the driving seat.

Many of these young entrepreneurs are tired with the status quo, and want improvements quicker than they are coming. So, instead of waiting for an NGO to fix a problem, they are taking issues by the scruff of the neck themselves. “Youth in Egypt want change and they’re not going to wait for it,” according to Waleed Abd el Rahman, a Cairo resident who runs a tech business forum there.

Rahman is working with a number of start-ups. One is developing an app that aims to help users navigate Cairo’s famously traffic-clogged streets. Another is working towards making private tutoring less expensive by providing online alternatives. Fed up with nuisances of their daily life, young Egyptians are taking charge, hoping to make a positive social impact and change the world.

Importantly, the spread of mobile phones throughout the developing world is only making tech entrepreneurs’ lives easier. More than a luxury item, the cell phone is a productive tool in Africa. Small businesses can track their finances and solve problems or inefficiencies. Africa is not the only place that tech entrepreneurs and mobile phones are making an impact. Both are blooming in India as well.

Shivani Siroya, from northern India, began a small company that developed InSight, a way for people to better keep track of their finances by staying up to date via text messages. They can keep track of their income and expenses through the service.

Even expats and foreigners are jumping on the entrepreneur train. Sean Blagsvedt, who lives in Bangalore, India, started Babajob. The platform helps informal workers look for better jobs by texting or calling from their mobile phone.

Gregory Rockson, originally from Ghana but living in San Francisco, started a tech company called mPharma when he heard that people back home were dying of treatable diseases, simply because they could not get medicine fast enough. By the time someone had found medicine for one heart disease patient, he was already dead.

To fix this, mPharma shows which pharmacies have which medicines in an online database. Pharmacies log what drugs they have so that doctors can see exactly where they can get them, cutting down precious time wasted going pharmacy to pharmacy looking for the right medicine. This is a perfect example of a young entrepreneur trying to make change in his country for the better.

– Greg Baker

Sources: Washington Post, PBS, NPR
Photo: PBS

September 2, 2015
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Global Poverty, Women and Female Empowerment

Women Entrepreneurs in Rwanda: Overcoming Gender Barriers

Women Entrepreneurs in Rwanda: Overcoming Barriers
In Africa, women entrepreneurs are rare. They struggle to obtain loans from banks and do not receive the same educational opportunities as their male counterparts because of traditional views that the role of women is in the home.

A disproportionate percentage of women applied to the Anzisha Prize this year— only 27%. The Anzisha prize provides young entrepreneurs with funding.

However, Rwanda defied this norm in 2015 as 60% of applicants to the Anzisha prize in Rwanda were women this year.

This reflects Rwanda’s recent efforts to empower women. In 1994, Rwanda experienced a devastating genocide; 70% of the population was female. Today, Rwanda still has a higher percentage of women in their population. For this reason, President Paul Kagame has implemented initiatives to support women in business, education and politics.

Of note, Rwanda’s parliament has more women than men. “It is exciting to see Rwanda take such progressive steps. Women empowerment has considerable benefits for any economy’s growth and development, and we hope that other African countries follow Rwanda’s example,” explained Grace Kalisha, senior program manager at the African Leadership Academy to How We Made it In Africa.

Four outstanding female Rwandan applicants to the Anzisha Prize, including Gisele Iradukunda, Henriette Dukunde, Alice Igiraneza and Nancy Sibo are featured below.

Radio Stations in Bus Stops

Twenty-year-old Gisele Iradukunda founded Radio Gare Project, a company that installs radio speakers in bus stations to communicate important messages to commuters.

Iradukunda realized bus companies would pay to have a radio system installed so they can provide information to bus users. Other companies can advertise their products to a large group of people waiting at a bus stop.

Her first sound system was installed in Nyamata, a town in southeast Rwanda. She obtained a bank loan, then placed speakers in four corners of the bus station. Today people can hear the sound in a 500-meter radius around the speakers.

Since then, Iradukunda has installed speakers at two more bus stations and hopes to put them in every station in Rwanda in the future.

Iradukunda also uses the bus station radios to notify the public about HIV prevention and healthcare issues. “The District also uses our radio to pass on information about events, meetings and all other affairs that they would like the public to attend,” said Iradukunda.

Rice Cooperative to Support Women

In 2013, Henriette Dukunde, a twenty-one-year-old biology student, co-founded the Rice Project. It is located in Huye, southern Rwanda, and supports over fifty women in a farming cooperative.

The Rice Project places the women farmers into four groups. Each group receives a piece of land, seeds, fertilizer, and other farming materials so they can grow and harvest rice in Nyanza marshlands.

65% of profits goes to the cooperative, and the rest supports the sustainability of the Project.

“The Rice Project has improved the lives of poor vulnerable women. It has both created jobs for them and enabled them to afford their basic daily needs,” explained Dukunde.

Health and Nutrition Promotion at University of Rwanda

Alice Igiraneza, a twenty-one-year-old medical student at the University of Rwanda, started the restaurant Kiza. The restaurant promotes healthy eating at her university by providing a section of healthy options for students and staff at the University of Rwanda.

The restaurant’s goal is to educate the public about diet and nutrition and to fight diseases like diabetes. The restaurant currently serves food to around three hundred people, and provides twenty medical students from impoverished families with employment.

“We pay them a salary of $60 a month and provide them with food so that they can continue their studies and become good doctors for the future well-being of the population,” said Igiraneza.

Along with her restaurant, Igiraneza is the head of a consultation center that teaches students and staff about health and nutrition.

Accessories from Recycled Drinking Straws

In 2013, twenty-one-year-old Nancy Sibo founded Miheha Straw Bags. The company is a social enterprise that manufactures purses, earrings, and belts from recycled plastic drinking straws.

“In developing countries like Rwanda, garbage collection and recycling services are often not available or are inadequate. We have decided to turn waste into opportunity for the enterprise, the environment and for the women,” explained Sibo.

Sibo provides training for women so they can make a living through the company. “Suzanne is a young mother who joined Miheha in 2013 when she was extremely poor with no access to some basics of life. But, through the trainings she received from our initiative, she has changed her life and is now training other women at our enterprise,” said Sibo.

– Margaret Anderson

Sources: Anzisha Prize, How We Made It in Africa
Photo: Venture Burn

September 2, 2015
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Development, Global Poverty, Nonprofit Organizations and NGOs, Technology

NGOs are Becoming More Effective Thanks to ICT

NGOs
Information and Communications Technology, or ICT for short, is the way of the future for non-government organizations (NGOs). By effectively using new ICT, all types of NGOs are becoming more efficient in how they track and record data, as well as plan for future projects.

This new technology breaks down the complexity of information that NGOs handle on a daily basis and helps format it in a way that makes it simpler for these groups to utilize in their future endeavors.

Information and Communications Technology encompasses all sorts of specific fields. It covers things such as radio, television, cellular phones, and computer technology.

By using ICT, NGOs can spread their messages more efficiently through a wider array of platforms, develop better on-site technologies in third-world countries, and establish long-term methods to record information on poverty levels around the world.

An article by the Dhaka Tribune delved into the many benefits that ICT brings with it for non-government organizations. An excerpt from this article, published on July 31, 2015, reads, “Using ICT for social development helps NGOs to have accessible, timely, relevant, and updated information to make on-time decisions and improve social policy.”

The article goes on to pose a scenario in which an NGO makes monthly visits to an area to provide villagers with resources and other aid.

The scenario focuses on two children who received inadequate amounts of milk based on their growth in between visits from the NGO. When ICT is instituted into this scenario, the NGO workers can enter into their phones the exact height, weight, and age of the children each visit in order to chart growth and provide the necessary amount of food and aid.

Today’s society is all about maximizing efficiency. Technology has evolved faster in this period of time than at any other point in history. With this evolution comes the betterment of all mankind. By using technology as a means to maximize the eradication of poverty, people all over the world can begin to feel hopeful that their lives are about to change.

– Diego Catala

Sources: Dhaka Tribune, Tech Target
Photo: Dhaka Tribune

September 1, 2015
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Global Poverty

Breastfeeding Practices in Rural India

breastfeeding
It has been proven that the first 6 months of a child’s life are amongst the most crucial for establishing their longstanding health immunities and development of antibodies. However, in the rural areas of northern India, UNICEF estimates that only 46 percent of infants are exclusively breastfed during this time. Furthermore, it is believed that approximately 2 million Indian children die each year before the age of 5.

A 2009 study was conducted at the Pravara Rural Hospital in Loni, Uttar Pradesh. Three hundred mothers of children between ages 0 and 5 were surveyed regarding socio-demographics, religious affiliations and breastfeeding practices. In like manner, the children themselves were clinically examined to determine the severity, if any, of their malnutrition.

These data sets were examined, compared and analyzed to determine any patterns or similarities. Male and female children surveyed were split approximately 60 percent to 40 percent, respectively, but there were no indications implying the biological sex was a factor in nourishment.

The data did not reveal a correlation regarding religion, which would imply that the various faith teachings did not object to breastfeeding. It was found that socio-economic and educational status were the primary indicators of malnourishment. Ninety-seven percent of the mothers surveyed were under the age of 30. Additionally, of the 300 mothers, 147 had completed high school or less and had malnourished children.

While the sample size is very small, it is certainly representative of rural breastfeeding habits and conditions during the first few months. Children of young, uneducated mothers in rural areas appear to be at most risk. Initially, this would indicate a lack of understanding regarding the benefits of breastfeeding. Although there appeared to be a common understanding of necessary benefits, the prevalence of this knowledge does not correlate to perfect practice in reality.

Responses revealed an absence of any scheduled patterns for breastfeeding other than as a means to stop the child’s crying. The lack of an organized routine and the late start for breastfeeding practices are central contributors to malnutrition in rural India.

In rural communities, there is also a belief that colostrum, the nutrient milk produced directly after delivery, is unhealthy for children. In many communities, goat’s milk is traditionally provided as a substitute. For these reasons, 80 percent of the mothers surveyed began periodically breastfeeding their children between 4 and 8 months old.

In an effort to encourage earlier, more consistent breastfeeding habits, UNICEF has partnered with local organizations in the northern states to provide home visits to encourage earlier breastfeeding and to dispel any false notions. Durowpadi Bedia, a health worker in the Northern state of Assam says, “Whenever we go on home visits, we talk to all members of the family – the parents, the grandparents, adolescent girls…They have faith in what I am saying.”

“When they come and talk in our own language, I understand better. I feel comfortable with them,” said Monika Bedi, a young mother. Home visits are scheduled with expectant mothers 3 to 4 times per month in the third trimester of their pregnancy. Jeroo Master, UNICEF’s Chief of Field Officer in Assam states, “Now mothers understand how vital breast milk is to the health of their babies…having health and nutrition workers actively promoting breastfeeding at the village level will ensure each child has the best start possible in life.”

Dr. Victor Aguayo, UNICEF India’s Chief of Child Nutrition and Development states, “Unquestionable global evidence demonstrates that breastfeeding counseling and support is the most important child-survival intervention.”

– The Borgen Project

Sources: Research Gate, UNICEF, NIC
Photo: Baby Center

September 1, 2015
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Global Poverty

Kenya’s Rural Farmers Profiting from Carbon Credits

Kenya’s Rural Farmers Profiting from Carbon Credits

Agriculture comes second as the indicator creating the most of Kenya’s GDP, which is 30.3 percent. Carbon dioxide makes up 74 percent of greenhouse gases emitted in 2004. As of 2014, there were 16,728,251 rural inhabitants living in poverty. The mission of the Kenya Agricultural Carbon Project (KACP) is to teach profitable skills to small-scale farmers.

Carbon finance exposes smallholder farmers to the carbon market. Practices implemented by sustainable agricultural land management (SALM) can increase yields by 15-20 percent.

These practices enhance soil fertility and trap carbon. In 2012, Kenya’s fertilizer consumption rate was 44.3 kilograms per hectare, and 9.8 percent of land is arable.

A Swedish nongovernmental organization named Vi Agroforestry implemented KACP by receiving funding from World Bank’s BioCarbon Fund, the French Development Agency and the Syngenta Foundation for Sustainable Agriculture. Since Vi Agroforestry’s enactment in 2007 with financial support from Swedish International Development Cooperation Agency (SIDA), maize yields have tripled since 2012.

Thirty thousand smallholder farmers adapt new techniques to profit from carbon credits issued under SALM carbon accounting. Nitrogen fertilizers are used to increase durability when planting and harvesting crops and trees. These practices keep carbon trapped in the ground.

Working with 45,000 hectares in Nyanza and Western Provinces of Kenya, farmers working with KACP have stored 25,000 tons of carbon dioxide. These farmers traded in their carbon credits for $65,000, which is paid for by the BioCarbon Fund.

In 2014, KACP began using carbon credits within regulation of the Verified Carbon Standard (VCS). Kenya achieved a reduction of 24,788 metric tons of carbon dioxide, which is equal to a yearly amount of gas emitted by 5,164 automobiles.

Along with environmental progress, the quality of life for smallholder farmers reflects the project’s achievements. Farmers expand their income beyond their crop yields adopting practices by KACP. With climate change making districts vulnerable to rainfall, droughts, and soil degradation, food security decreases without diversifying farming practices.

With agriculture alone creating 14 percent of global emissions, using organic substance to increase yields will benefit the soil’s water absorption and nutrient supply. This enhances food security and improves crops’ resilience to climate change.

In addition, the districts of Kisumu and Kitale suffered with land degradation, water degradation, deforested areas, chemical pollution and urban waste. With minimal government outreach, Vi Agroforestry promoted various practices including water harvesting, crop rotation, pest and disease management, and the usage of certified seeds in 2012.

Farmers are expected to one day increase 50-100 percent of their yields. Kitale’s maize yields rose by 70 percent from 2009 to 2011. Without dependency on non-organic fertilizers and pesticides, this adds to a stronger income that benefits production. Vi Agroforestry pushes responsibility to community leaders who will provide information to groups and engage in monitoring activities to collect data.

In 2010, 4.69 billion tons of carbon was cultivated in heat-trapping gases emitted by agriculture. The BioCarbon Fund plans to purchase more carbon credits from Kenyan farmers totaling $600,000 by 2017.

– Katie Groe

Sources: World Bank 1, Reuters, World Bank 2, Rural Poverty Portal, EPA, New Agriculturalist
Photo: Flickr

September 1, 2015
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Food & Hunger, Food Aid, Global Poverty, Hunger

Town Installs Outdoor Refrigerator to Feed the Hungry in Spain

Town Installs Outdoor Refrigerator to Feed the Hungry in Spain
There are 795 million people worldwide who do not have the resources available to them in order to lead a healthy lifestyle. That means that one in nine people in the world do not have enough food and often live in hunger.

UNICEF estimates that 20 percent of the children in Spain are living below the poverty line and hunger is becoming a more relevant problem in the country. In 2013, Spain distributed breakfast and snacks for 50,000 kids at risk of exclusion.

Seventeen percent of Spanish children are obese and living below the poverty line and do not have access to fresh food, fruit or vegetables.

Unemployment has been climbing since the 2008 financial crisis and Spain was one of the hardest-hit countries. People who once held regular jobs are out of unemployment benefits and are turning to squatting and collecting food from the garbage outside of stores.

In Galdakao, Spain, people are putting leftovers in a fridge on the street in order to feed the hungry.

The city has a population of 30,000 and created a communal refrigerator to help eradicate hunger in their town. After Alvaro Saiz, who ran a food bank in Galdakao, saw starving people digging through trash outside of stores and restaurants he decided there was a better way to not waste unused food through a new organization called Solidarity Fridge.

People in homes, people on the streets, and restaurant owners now take their unused food and put it in the communal fridge for the people who need it most to eat.

The project cost $5,500 and they had to change the law to prevent any legal action against the city if someone got sick. However, no raw meat or eggs are allowed in the fridge and anything in the refrigerator after four days must be thrown out. Solidarity Fridge says no food remains more than a few hours before it is taken by someone who is hungry.

Solidarity Fridge has become a learning experience for children as well. Schools organize field trips to visit the fridge and teach children about sharing and not wasting food.

One-third of food produced is wasted or lost every year, which is 1.3 billion tons. The entire net production of food in sub-Saharan Africa is 230 million tons. Solidarity Fridge may be a future model for other cities around the world wanting to feed the hungry while cutting down on wasting food.

– Donald Gering

Sources: Good News Network, New York Times, Revolting Europe, UNEP, WFP
Photo:  Flickr

September 1, 2015
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Developing Countries, Global Poverty

Tax Inspectors Without Borders

financing-for-developmentTax Inspectors Without Borders (TIWB), convened at the Third International Conference On Financing For Development back in July, is a joint operation between the Organization for Economic Cooperation and Development and the United Nations Development Programme.

TIWB will play a vital role in unlocking billions of dollars over the 15-year course of the Sustainable Development Goals.

TIWB’s strategy has evolved out of the revelation that every year, roughly $3 trillion in government revenue goes uncollected due to tax avoidance.

IMF researchers estimate that developing nations lose $213 billion each year for those reasons. Finding a way to get their hands on that money could help those governments invest more in education, health, energy, infrastructure and the like.

Tax law can be dense, confusing and hard to follow, especially when multinationals make it that way on purpose. For this reason, TIWB will send in highly trained tax accountants and audit specialists that will work with national tax agencies. They will strengthen tax audit capabilities and help design smarter tax policies.

The details are less exciting than the results.

Pilot projects are underway in Europe, Latin America and Africa, all of which are helping national governments increase revenue stream that will be vital for financing the Sustainable Development Goals. The numbers speak for themselves. From 2011 to 2014, tax revenue in Colombia increased from $3.3 million to $33.2 million.

TIWB is extending the hard work of previous initiatives including the Commission for the Reform of International Corporate Taxation and the Convention on Mutual Administrative Assistance in Tax Matters.

They all arose in an environment where multinationals are gaining in power and influence and governments around the world are strapped for cash. In trying to rebalance the scales, they are looking for everyone to pay their fair share.

The money that will come from more effective regulation will be crucial for funding the Sustainable Development Goals. Furthermore, the expertise and training that the TIWB will provide to developing country governments around the world is an extension of the philosophy embodied in the SDGs themselves.

This form of technical training and capacity building will lead to more professionals in developing countries and their skills will become necessary to help their countries develop.

– John Wachter

Sources: The Guardian 1, The Guardian 2, OECD 1, OECD 2, UNDP
Photo: TaxLinked

September 1, 2015
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Food & Hunger, Food Security, Global Poverty

How Insects May Solve World Hunger


In 2013, the United Nations reported that eating insects could reduce world hunger and food insecurity.

Eva Muller, a Director of Food and Agriculture Organization (FAO) says, “Insects are not harmful to eat, quite the contrary. They are nutritious, they have a lot of protein and are considered a delicacy in many countries.”

In fact, scientists have discovered over 1,900 edible insects. Some of these include beetles, wasps, caterpillars, grasshoppers, worms and cicadas. Scientists also claim that insects have more protein than beef and other meats.

Insects may also be better for farming than pigs and cows. Not only are insects easier to raise, but they also require less water, feed on waste materials, and produce less greenhouse gasses than cows and pigs. Insect farming could even provide income-generating opportunities for people in rural areas, which ultimately could decrease poverty and end world hunger.

After the report was published, Muller said, “Consumer disgust remains one of the largest barriers to the adoption of insects as viable sources of protein in many Western countries.”

Recently, however, eating insects has gained more popularity.

Daniella Martin, author of the blog Girl Meets Bug, says, “At any angle you look at it, insects have the advantage. They’re ecologically sustainable, use fewer resources and are a high-protein option. It’s also cleaner than livestock.”

Insect recipes are proving to be incredibly trendy, but most importantly, accepted by consumers.

With this in mind, perhaps more researchers can perfect technologies to grow insects in large numbers to feed people all around the world.

Bugs can do more than save the lives of the hungry, but can also conserve our planet.

– Kelsey Parrotte

Sources: Armenpress, Business Insider 1, Business Insider 2,
Photo: BugsFeed

September 1, 2015
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Activism, Global Poverty

Acrobats of the Road Teaches Intercultural Understanding

Acrobats of the Road

Traveling the world since 2005, Acrobats of the Road Juan Villarino and Laura Lazzarino have enacted their Educational Nomadic Project in communities all over South America, southern Asia, Europe and the Middle East. The project is dedicated to documenting and spreading world hospitality to help overcome social issues domestic to different regions.

Juan Villarino is a writer and photographer originally from Argentina who has spent the majority of his life traveling the world and writing about the people he has met. Laura is a nomad who spent much of her youth traveling solo through South America, Western Europe and southern Asia. The pair met while abroad, and after traveling for a few years, they decided to team up and start Acrobats of the Road.

For each community the group impacts, Villarino self-publishes a book to inform readers about the importance of hospitality and social justice in rural villages throughout the world. His most recent book, Hitchhiking in the Axis of Evil, was picked up for proper publication and will be distributed internationally. The book follows Villarino’s journey through Iraq, Iran and Afghanistan and his contributions to increasing social justice in communities affected by war.

Acrobats of the Road have traveled to over 60 countries, crossing more than 1,500 borders and travelling over 160,000 kilometers. Throughout their journeys, they have stayed in monasteries, hostels, campgrounds and with locals. These experiences have allowed them to encounter firsthand the generosity that inspired them to create Acrobats of the Road.

For their Educational Nomadic Project, Villarino compiles slideshows of photographs and the pair present lectures and workshops on a variety of topics including the intrinsic goodness of human beings, community involvement and cooperation. In collaboration with the People’s Health Movement, the pair travels with a projector to teach to these communities.

While travelling, the duo has received a lot of love and care from people of many races, religions and backgrounds, and the project focuses on giving back to those who have helped them along the way. The project was started in 2009 and has been used to spread empathy and care. Villarino’s photographs capture the everyday life, kindness and cultures of communities he has encountered while hitchhiking. Acrobats of the Road hopes that with this project, they can promote equality and happiness and show that the world can become a more harmonious place.

– Julia Hettiger

Sources: Blogspot, Mangomanjaro, Matador Network

Photo: Acrobatsoftheroad

August 31, 2015
https://borgenproject.org/wp-content/uploads/borgen-project-logo.svg 0 0 Borgen Project https://borgenproject.org/wp-content/uploads/borgen-project-logo.svg Borgen Project2015-08-31 01:30:212020-07-01 11:36:21Acrobats of the Road Teaches Intercultural Understanding
Foreign Aid, Global Poverty, Poverty Reduction

Development Impact Bonds: Investing in Poverty Reduction

Development Impact Bonds for Investing in Poverty Reduction- BORGEN
A relatively new strategy in guiding private money toward poverty reduction are deemed Development Impact Bonds, or DIBs. DIBs differ from traditional financing for poverty reduction in a few key ways.

First, rather than an aid agency or philanthropist giving money for a certain goal, like increasing educational attainment for girls in a developing country, private investors provide the money with an expectation to make a profit. As with any investment, risks are an inherent part of the equation.

The way that the investors recoup their investment is the principle of outcome-based returns. If a certain project hits its goals, then the investors get their initial money plus whatever interest was agreed upon in the contract.

For example, a program that trains job seekers would not get money for the number of people trained but by the number of people that graduated from the program and held jobs for a certain amount of time. If successful, investors’ profit comes from a philanthropic organization, aid agency or the government that received the benefits of the program.

What this does — and the second way DIBs differ from traditional development program financing — is to take the risk off the hands of the constrained budgets of aid agencies. If, unfortunately, the program fails, then the aid agency or government responsible for repayment is off the hook and the investors are left empty handed. However, this risk sharing allows for more programs to have a chance.

Thirdly, the outcome-based principle allows allows for more flexibility in meeting program goals. Rather than be burdened with a predetermined process imposed by the donor, the program can be innovative and work within the context of the local environment.

This allows frees up space for local entrepreneurs. They know the area, the culture, and have a better idea of what will and will not work best. The flexibility in meeting targets not only incubates different and novel ideas, it incorporates locals and their knowledge better than traditional funding.

While these differences make DIBs attractive, the management and transaction costs may be prohibitively high. The novelty of the mechanism and uniqueness of each contract, together with the infant stage that this industry is in are what contributes to these costs. If successful, over time, a streamlined process and proven results will reduce the costs and increase the uptake.

DIBs have potential in the areas of global health, education, agriculture, water and sanitation, housing and the environment.

Investors interested in creating a positive social impact with their money now have a new option. Savvy investors may also view these investments as laying the groundwork for future business opportunities in the developing economy.

– John Wachter

Sources: Conscious Company Magazine, EcoEnterprises Fund, The Guardian 1, The Guardian 2, Instiglio, JP Morgan Chase
Photo: Flickr

August 31, 2015
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