Microfinance was widely lauded for decades as a surefire and promising way to break the cycle of poverty and uplift the economies of the developing world, especially when targeted for women. But hard data has shown that, on its own, micro-loans don't serve to create sustainable change without a comprehensive approach, and that there are many other factors - such as education and healthcare - to consider when leveraging these tools.
Read MorePakistan's poorest citizens, who previously panhandled for their basic needs, were launched onto an entrepreneurial path by the Heritage Foundation Pakistan. Eight impoverished communities have been trained in the craft of glazed tile work and terracotta art to lift the participants out of poverty. The program also created a market of interdependence, so the villages can purchase goods from one another, freeing them from relying on cities for their livelihood.
Read MoreDevelopment work is evolving beyond short-term mission trips and one-off donations into a more comprehensive, in-depth model that addresses long-term sustainability of a solution paired with empowerment of those being served. MicroConsignment is a unique branch of micro-enterprise being implemented by non-profit SolCom in Guatemala that provides individuals in rural villages the skills and resources needed to start sustainable businesses.
Read MoreAn indigenous-led nonprofit group called Tonibung installed a micro-hydro electrical system for a village deep in Borneo’s rainforests. The project not only supplied much-needed energy for the villagers of Kampung Buayan, but it is also protecting the surrounding ecosystems, creating jobs for people, and encouraging youth to get involved. “We want to advocate for native rights to self-determination and empower indigenous groups to choose the kind of development that meets the aspirations of their people,” says the founder of the organization.
Read MoreBRAC, the largest NGO in the world and one of the leaders in microfinance as an approach to combating poverty, discovered that despite its successes, microcredit did not always reach what are called the Ultra-Poor in effective, sustainable ways. So they formed partnerships and launched a new, comprehensive initiative that involves consumption support, technical and financial literacy training, and asset management to create a pathway to prosperity called the "graduation approach."
Read MoreFor years, policymakers have debated different approaches to helping the poor , but new data offers resounding evidence for a strategy that works: an approach known as a “Graduation” program. This method offers participants a “productive asset” to generate income with training on how to use it, as well as the resources (such as healthcare, food, loans, and coaching) to maintain the asset while building a pathway out of poverty.
Read MoreA dairy cooperative in Ukraine has brought jobs to farmers in the region and allowed them to work together to sell their milk on the market. An international nonprofit helped the Andriyivka Prosperity cooperative get off the ground. While villagers were skeptical of joining at first, and there are still challenges with operating the cooperative, there are 129 members that sell their milk. “The cooperative has halted the extinction of the village, allowing young people to stay in their homelands and have jobs and a livelihood,” says one of the villagers.
Read MoreIn order to counter terrorism and reduce recidivism of incarcerated male jihadists', the Entrepreneurship and Proselytization Empowerment Program helps the wives of jailed extremists through counseling and lessons about entrepreneurship. The program can help these families stay afloat and decrease the appeal of extremism for their husbands upon release.
Read MoreGrassroots organizations, Empowered by Light and Empower Generation, are killing two birds with one stone: bringing clean energy to rural Nepal, and creating jobs for Nepalese women in the environmental sector. By helping to install electricity-generating solar panels, which simultaneously prevents illegal animal poaching, women are provided not only with a stable income and a ladder to reliable economic growth, but also with a rich work-life balance, allowing them to become “clean energy entrepreneurs” while continuing to care for their families and tend to their village’s needs.
Read MoreThough the overall poverty rate has been dropping in recent years, rural communities in Uganda still lack many basic resources, including access to healthy food, toiletries, and economic opportunity. The Network of Women in Agribusiness and Development was founded by women to empower and support their sisters through educational initiatives, agricultural training, and the provision of items such as pigs and fruit trees to help them break the cycle of poverty.
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