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The Poverty Problem

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The poor in developing countries are trapped.

They lack education, good nutrition, and a safe place to raise their families. They cope with harsh social, economic, and environmental hardships.

Poverty problems are extensive and complex.

Inherited hunger, chronic malnourishment, and stunted growth have negative long-term effects on a child’s working capacity and intellectual performance. These serious effects reach far into adulthood. Such nutritional problems are prevalent in developing countries as are illness, disease, ignorance, abuse, and degrading customs.

Because there is no formal economy, a majority of the populations in developing countries can’t find work. They must fend for themselves and their families without the resources they need to succeed.

Loans with reasonable interest rates are impossible to come by.

People in developing countries who live in poverty don’t have access to banks or collateral. The village loan shark charges very high interest rates on a tiny loan. Hard-earned profits go straight back into the loan shark’s pocket, and people are locked in a cycle of debt payments that leave them with almost no profit to show for their routine 80-hour work weeks. They have nothing with which to expand their businesses and nothing with which to improve their families’ well-being. This harmful lending is common in developing countries.

Education is an afterthought.

School is not a possibility for those whose families who don’t make enough to provide even the bare essentials. As a result, few progress.

 

Click here to learn about our solution that unites business mentoring and microcredit.

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