Eliminating Poverty via Access to Capital
This solution addresses poverty in LATAM, Caribbean for the financially excluded
Problem DescriptionFundación Capital engages the BOP populations in developing countries Latin America and the Caribbean. The organization believes that financial inclusion is the catalyst for escaping the endemic poverty of these regions. FC provides knowledge and tools to empower these populations to save, grow, invest assets, insure their families against risk, and chart their own permanent path out of poverty. It applies modern technology (tablet computers, cell phones, mobile banking) and relies on appropriate and effective peer leadership models to transfer skills and knowledge, relying on community leaders who have learned and succeeded to teach their families, friends, and neighbors.
Solution StageOne of the 7 stages of an innovation. Learn more
|STAGE||SPECIALIST SKILLS REQUIRED||EXAMPLE ACTIVITIES||RISK LEVEL AND HANDLING||FINANCE REQUIRED||KINDS OF EVIDENCE GENERATED||GOAL|
|Developing and implementing5||Strong leadership, management, implementation skills|
|A robust and detailed case developed through formal evaluation and evidence gathering – use of a control group to isolate impact||An implemented and sustainable innovation|