Want to make some extra cash while giving a boost to markets in the developing world? Shared Interest lends capital to fair trade buyer and producer organizations in areas of the world that have limited access to finance. Because they only invest in Fair Trade businesses, that means living wages, better working conditions, and often benefits for workers like health care and education for their children. For many of us in the West, starting a business without the help of a bank would be impossible. Those in the developing world face this challenge and more when beginning a new venture. Yet developing economies will never improve without the expansion of the free market; this can only happen through improving the environment in which business can operate and gain access to capital. This makes the work of companies like Shared Interest all the more crucial. Microfinance this is not; Shared Interest[…]Read More
Post Tagged with: "markets"
I feel like I’m getting spoiled taking all these helicopter rides. Aerial footage is definitely worth the effort if you can take the wind burn and the pilot’s bill that comes along with it. Drones work well too, yes – just not when you have 200 square kilometers to cover. Here I document the Millennium Challenge Corporation‘s Senegal Compact, which has rehabilitated highways and markets in the north and south and brought renewed farming abilities to the Senegal River Valley through an irrigation infrastructure overhaul. MCC is a foreign aid agency established by the US Congress that applies new philosophies to the implementation of development assistance with the aim of increasing economic growth. Rogue states and kleptocracies need not apply. Countries must pass a number of indicators including control of corruption, civil liberties, and trade policy to be eligible for a compact. Senegal, being one of Africa’s most stable democracies, had[…]Read More