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Despite the flow of billions of dollars in aid to the world’s poorest areas, abject poverty remains ever-present in many countries and regions, especially among women, who according to the International Labour Organization (ILO) make up 70 percent of the world’s poor, and 65 percent of the world’s illiterate.
It goes without saying that there are no easy answers or quick fixes to this enormously complex and systemic problem. However, a growing number of thought leaders are saying that any meaningful and sustainable attempt to eradiate poverty must be rooted in providing the world’s poor with microfinance loans, so they can create and grow tiny businesses that lead to economic benefits and stability for themselves, their families, their communities, and ultimately their countries.
Continue reading Social Entrepreneur Gregory Casagrande Explores How to Integrate Capital Markets and Microfinance to Scale Impact at StartUp Mindset.
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