Loans for Low-Income Homeowners: Darrell Clarke's Plan for Philly

In an effort to break the cycle of poverty in Memphis, a government organization is using conditional cash transfers, paying students if they earn good grades and adults if they maintain a full-time job.

Most insurance companies avoid insuring poor farmers because the transaction costs are too high, but a non-profit in Kenya created a sustainable way to cover them.

An innovative program by an unusual bank allows low-income people in Cambodia to take out a 15-year fixed mortgage with little or no documentation - contradicting traditional loan assumptions and creating means for some of the country's poorest people to completely change their lives. The bank and its investors are now making a profit, and more than 700 mortgages and building loans have been provided.

In India, many farmers, especially women farmers, have transitioned to organic farming. While it requires a serious set of skills and knowledge, organic farming increases yields and decreases costs by eliminating the need to buy pesticides. The move is both ecological and economical, and the Indian government is trying to spread the solution.

New Orleans implemented an extraordinary 10-year plan that engaged unprecedented cross-sector collaboration between government, non-profit, and private entities to provide housing and housing services to the city's homeless veterans. The city's success in providing homes for every single veteran formerly on their streets motivated cities across the nation to tackle the crises using similar means, leading to a 1/3 decline veteran homelessness since 2010.

By the 1980s, Roxbury and north Dorchester had been devastated by the disinvestment and white flight of the 1960s and 1970s. Racist banking and housing policies (“redlining”) had segregated people of color from opportunity, barring them from getting home loans except in certain neighborhoods. So the Dudley Street Neighborhood Initiative (DSNI) brought together residents to develop their own comprehensive plan to revitalize their community, building a community food system along the way.

More Than Wheels, a New Hampshire-based non-profit offers an economically stable solution to the high cost of owning a car. The program offers low-cost car loans that go toward the purchase of fuel-efficient vehicles.

For millions of students who could succeed in college, the limiting factor is money. Is it possible to finance higher education the way we finance start-up companies? A company called Lumni uses “human capital contracts” to offer loans for students contingent upon 14 percent of the student's salary for 118 months after graduation. There are risks to this approach and not a lot of years or data available to be sure of its efficacy, but results are promising already—with a default rate under 3 percent.

At a time when university students lack opportunities and financial help to test their innovative business ideas, the Resolution Project supports higher education students who have ideas for socially responsible businesses and charities. Resolution offers small awards to start businesses as well as mentor opportunities that enable networking and business collaboration with experts.

Civic leaders in the U.S. struggle to effectively help their distressed neighborhoods. East Lake, Atlanta, created a replicable model that mixes residents of differing socio-economic status, and focuses on education and health in the area.