Sunday, September 25, 2011

Three Market-Based Solutions To Pull People Out Of Poverty

Using capitalism instead of just giving aid was the focus of the latest eBay/Ashoka contest. Here are the most interesting and exciting winners.

Traditional charity and philanthropy has given way in recent years to organizations like Kiva and MicroPlace that aim to help disadvantaged populations by providing them with economic opportunity, and then letting the people help themselves. This week, the eBay Foundation and Ashoka Changemakers announced the winners of the Powering Economic Opportunity: Create A World That Works Competition--a challenge that asked entrants to offer up "the world's most innovative market-based solutions that create economic opportunity and generate employment for disadvantaged populations." Below, we look at three of our favorite winners, all of whom will receive $50,000.

See full Article.