When it comes to solving problems of poverty, impact investing can act as a catalyst, but it is not a silver bullet. Successful businesses serving the poor need more than investment capital. They also need infrastructure to enable effective distribution, strong regulatory systems, access to markets, technical assistance as they scale up, and more
Poverty is not only about income levels, but for lack of freedom that comes from physical insecurity
The only way to end poverty, to make it history, is to build viable systems on the ground that deliver critical and affordable goods and services to the poor, in ways that are financially sustainable and scaleable. If we do that, we really can make poverty history.
Traditional charity and aid are never going to solve the problems of poverty.
Poverty is too complex to be answered with a one-size-fits-all approach, and if there is any place that illustrates that complexity, as well as a better way forward, it is Rwanda.
I wrote 'The Blue Sweater' to inspire more people to become engaged in working to solve the problems of global poverty.
I have seen that traditional approaches to charity and aid don't solve problems of poverty. In fact, too often they create dependence.
Freedom ultimately is dignity. And dignity, not income, is the opposite of poverty.
The human spirit is extraordinary. If we give the 3 billion people who live in poverty the opportunity to change their lives, they will. For too long, we've looked at needing to "save" these people - with an emphasis on "these people" - rather than removing the constraints keeping them from solving their own problems.
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