With governments and others, increasingly looking to integrate Graduation into national programmes, cost and complexity are major barriers. Yet, practitioners need to be wary of looking for simple solutions to complex problems. Cost-effectiveness is not about finding a lower cost model for graduation but rather, understanding what is optimal in each context to achieve long-term, sustained, positive outcomes.
There is finally a system that favours those who toil endlessly to fulfill the nutritional needs of the nation. It ensures that farmers feel confident about the price they are receiving instead of feeling manipulated.
When BRAC, one of the world’s largest NGOs, tried to digitize its paper-based record system to improve decision making and provide continuous improvement for its skills development programme in Bangladesh, it hit a wall.
Shahana Akhter spends her days on her little red scooter looking for small businesses. She works in BRAC’s microfinance programme, and has spent seven years distributing loans and collecting repayments to enable all types of entrepreneurship to expand.
The LEAD project has had significant positive results by using a modified M4P approach. Findings show more than a 400% increase in both maize yield per hectare and weekly egg production, and a 107% increase in number of birds per farmer’s flock by the end of the project. Maize farmers’ median income increased 400% from USD 54 to USD 269.
Bangladesh, the birthplace of microfinance and many other successful pro-poor strategies has been acknowledged as the model of development for many years. Once again, the country is recognised to have found the most effective solution to one of the most complex problems of the world - extreme poverty.
Inside the packed National Theatre Carré in the heart of Amsterdam, the red carpet was rolled out for celebrities like Leonardo DiCaprio and Rafael Nadal, along with leaders of some of the best known international charities. A unique event called the Goed Geld Gala (good money gala) was underway, involving 2.9 million lottery players who were making a different kind of bet - on organisations they thought could improve the world.
Northwestern Bangladesh - Par Bhangura, a little known village within Bhangura, a sub-district of Pabna, is home to some of the most enterprising people in the country. Many are unaware of the fact that Par Bhangura also happens to be the birthplace of the first Bangladeshi Ambassador to the United States, M Hossain Ali.
The capability to borrow money when needed, whether for short-term or long-term purposes, is a convenience valued by everyone. Access to credit is not only helpful for investing in enterprises, or managing crises, but it also provides the opportunity to access better standards of living.
Khaled considers his work as the ultimate adventure, with a simple philosophy – always work for the greater good of the people around you. BRAC was his first job, and three decades have flown by since.