Create Economic Opportunity
Financial security, access to information & job opportunities create the foundation of sustainable economic equality.
Problem: Subsistence-Level or Low-Productivity Farming
Agriculture is the dominant profession of the world’s poor. 80% of Africa’s poor are rural farm families, trapped in a state of subsistence-level, low-productivity farming with extremely low yields.
The world’s poorest farmers lack the resources, training and/or funds necessary to increase their farm’s productivity. In many remote farming villages, basic technologies like seed and fertilizer are often unavailable. Even when available, many farm families don’t have the capital required to purchase these resources to increase productivity. Without access to agricultural best practices, farmers are struggling to optimize their farming output. Post-harvest, they face issues like inadequate storage, pest infestations, spoilage & market/government-caused fluctuations that all result in extremely low profits.
Holistically Addressing The Barriers To Small Farmer Productivity.
- Deliver thousands of tons of high-quality farm inputs within walking distance to every small farmer at an extremely affordable price – Last Mile Delivery.
- Deliver in-field training on best farming practices.
- During harvest, provide farmers with the tools & knowledge to safely store their harvest allowing them to sell during the off-season for higher profits.
- Engage governments, microfinance organization or other key agricultural actors to shape policy decisions that strengthen agricultural ecosystems.
With an average loan of $71, One Acre Fund farmers saw an average increase of 50% in farm income or $120 in incremental profit each year.
Women lack access to capital for productive investments, poor information about managing assets & are unable to make risky but potential life-changing choices due to the absence of a safety net or savings buffer.
- Give resources to organizations that have proven program to support new entrepreneurs, especially women entrepreneurs.
- Employ group-based approaches that bring together diverse skill sets, spread risk, build social capital & produce cost-efficiencies for all.
- Offer grants, NOT loans, to allow vulnerable people to immediately take the risk of entrepreneurship in order to improve their standard of living.
- Empower women to provide for their familes through entreprenuership.
Village Enterprise’s program cost is $595 per business. This improves the standard of living for approximately 20 individuals thus translating the cost to improve someone’s life for just $30 per person.
Problem: Poverty Traps & Lack of Support For Women Entrepreneurs
The world’s very poorest people are caught in a cycle of poverty – especially for women & girls who face many barriers to improve their standard of living.
Problem: Economic Inequality & Social Injustice
Around 700 million people worldwide live on less than $1.90 a day. Financial security, access to information & job opportunities are the foundation of sustainable economic equality. Spurring economic development by offering resources & training is the best way to help the world’s poorest break the cycle of poverty.
Economic inequality is caused by a multitude of factors for those living in extreme poverty. Lack of access to education, basic health care, inadequate food & reliable shelter — all make it very difficult for the world’s poorest to break out of the cycle of poverty. Similarly, the poor and politically disenfranchised – mostly women and girls, racial and sexual minorities – are particular vulnerable to the effects of conflicts, cultural discrimination & injustice.
- The best way to bring about real change is to implement multifaceted, broad solutions to the root causes/problems and ramifications of poverty.
- These include: long-term health & welness development, emergency & disaster relief, as well as political advocacy for sustainable change.
With low-cost solutions to target the root causes/problems that cause extreme poverty, we can make a signficant improvement to those living on less than $1.90 per day.