Monday, April 01, 2013
Want to help the poor ; give directly
" Giving in the best way " by Jacquelline Fuller .
" We give money directly to the poor, no strings attached " . I was skeptical of the ideal... I believed, like others, that doing for the poor is better investment than, giving money to them directly.
Data from start up nonprofit called 'Give-Directly changed my opinion.
Paul and Michael started GiveDirectly in 2008 while pursuing degrees in economics at Harvard. Their reserch ucovered reports shwing the effectiveness of cash transfers s a model to alleviate poverty. There wasn't a nonprofit using this approach, so they created their own.
Today, ' GiveDirectly' is the sole nonprofit devot3d to unconditional cash transfers directly to the impoverished. Their lean model uses mobile-based banking technology from M-Pesa to transfer 90% of money raised into the hands of hte poor. Just 10% is spent on transfer fees and the cost of locating enrolling recipients.
Since launching in Kenya, Gve Directly evaluates its approach with randomised control trials. Their data shows , such cash transfers improve health and downstream financial gains. Investments in roads, schools and wells are key to help people out of poverty. But ' GiveDirectly' has a new concept : What if, cash transfers are used to bench-mark to measure aid ? What if - non profit orgs focused on poverty alleviation had to prove they could do more for the poor with a dollar than the poor could do for themselves ?
Excerpted from " Want to Help People ? Just Give them Money ! "
From :
blogs.hbr.org/cs/2013/03/want_to_help_people_just_give.html
and
Please join the conversation and check back for regular updates. Follow the Scaling Social Impact insight center on Twitter @ScalingSocial and give us feedback.
" We give money directly to the poor, no strings attached " . I was skeptical of the ideal... I believed, like others, that doing for the poor is better investment than, giving money to them directly.
Data from start up nonprofit called 'Give-Directly changed my opinion.
Paul and Michael started GiveDirectly in 2008 while pursuing degrees in economics at Harvard. Their reserch ucovered reports shwing the effectiveness of cash transfers s a model to alleviate poverty. There wasn't a nonprofit using this approach, so they created their own.
Today, ' GiveDirectly' is the sole nonprofit devot3d to unconditional cash transfers directly to the impoverished. Their lean model uses mobile-based banking technology from M-Pesa to transfer 90% of money raised into the hands of hte poor. Just 10% is spent on transfer fees and the cost of locating enrolling recipients.
Since launching in Kenya, Gve Directly evaluates its approach with randomised control trials. Their data shows , such cash transfers improve health and downstream financial gains. Investments in roads, schools and wells are key to help people out of poverty. But ' GiveDirectly' has a new concept : What if, cash transfers are used to bench-mark to measure aid ? What if - non profit orgs focused on poverty alleviation had to prove they could do more for the poor with a dollar than the poor could do for themselves ?
Excerpted from " Want to Help People ? Just Give them Money ! "
From :
blogs.hbr.org/cs/2013/03/want_to_help_people_just_give.html
and
Please join the conversation and check back for regular updates. Follow the Scaling Social Impact insight center on Twitter @ScalingSocial and give us feedback.
