STEPPING OUT OF POVERTY

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STEPPING OUT OF POVERTY

Economic advancement seems unattainable for the world’s poorest people.

Around the globe 1.2 billion people survive on less than one dollar per day, eking out a living too meager to afford adequate food, shelter or clothing, let alone schooling or medicine.

Some are unemployed; others do unpaid domestic labor, work for poverty wages or subsist on a small business of their own.

It is the poorest of the poor whom the nonprofit organization Trickle Up aims to help. As its name implies, Trickle Up was founded to counterbalance the shortcomings of “trickle-down” economic policies.

Proponents of trickle-down theory allege that stimulating the economy through large-scale enterprise creates wealth which then trickles down to the poor.

By contrast, Trickle Up’s philosophy is that marginalized people must be deliberately incorporated into the economy as independent producers.

Trickle Up addresses global poverty by providing small grants, savings support and business training directly to impoverished entrepreneurs.