Doing business with the poor
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Mr Wolfonsohn said micro-finance had made a powerful impact on improving poor people's livelihood and was crucial in reducing poverty in poor countries.
In 2008, soon after the Tecucel River in Romania flooded and destroyed more than 300 homes, the ArcelorMittal Foundation formed a global partnership with Habitat for Humanity to improve affected families’ lives.
ASGN (the Association to Safeguard the Giraffes of Niger) used grants from the Wildlife Protection Foundation in the UK and from the Zoo de Doue in France to set up a successful micro-credit scheme.
In 2009, money transfer company, Western Union, tied up with microfinance institutions (MFIs) and e-governance service providers to facilitate financial inclusion in India.
Since 2009, Groupe Danone, the $18-billion French dairy company, has been developing strategies for India by leveraging on its experience, involving easily affordable dairy products, in Bangladesh.
Seventh Generation, an American company that distributes household and personal care products, has partnered with Women’s Action to Gain Economic Security (WAGES) to launch a new worker-owned residential green cleaning cooperative in San Francisco.
The Growing Businesses Foundation (GBF, a Nigerian NGO), has announced its intention to contribute to the Federal Government's fight towards the alleviation of poverty in Nigeria by providing access to micro credit facilities at the grass roots and to small scale entrepreneurs.
The Fairtrade Labelling Organisations International (FLO) and the Alliance for Responsible Mining (ARM) have developed the first ever third party independent certification for gold to bring about social, environmental and economic development in artisanal and small-scale mining communities.
The Pilot Light Foundation, an organisation that creates and supports small projects in Africa that have the potential to significantly improve the quality of life for impoverished Africans in non urban areas, and the Sudan Self Help Foundation, an NGO that supports projects aimed at promoting...
The importance of microcredit in Uganda has soared in the recent decade and the instrument is now seen as one of the most effective tools to tackle poverty in the country.