Saturday, February 07, 2009

Giving the Poor a Means to Work

Most of us look at the 1 billion men, women, and children in the world who live on less than a dollar a day and see poor people. Paul Polak sees 1 billion potential entrepreneurs who, if given the opportunity, would rather earn money than accept handouts. His strategy is to develop affordable tools for the world's poorest (often using microcredit) which can help them earn more money. Mr. Polak's nonprofit organization International Development Enterprises has already helped 17 million people lift themselves out of poverty. "So much money is wasted on big infrastructure projects and government-run programs," says Polak, "We need to change the way we approach development."
Source: BusinessWeek