Upward Mobility for the World’s Destitute

From Tina Rosenberg / New York Times: Though poverty rates are dropping worldwide, the ‘ultrapoor’ tend to stay where they are. BRAC works to break the poverty cycle by donating money-making assets mixed with cash and food grants. One example is Fundación Capital, an organization based in Bogotá, Colombia. In several Latin American countries, they participants cash instead of an animal or stock of goods.