Getting the most development per dollar spent!

At ICAfrica, our primary goal is to move people above the poverty line, permanently!

The more people we can help move with minimum investment, the better is our success. We now know that the best way to do this is to leverage the dormant productive capacities of qualified impoverished people by empowering them with the right tools that will help them to generate their own incomes. To qualify, the impoverished adult must already be operating a micro-business or is self-employed in agriculture. The empowerment tools would be a refundable micro-business capital. The measurement of success would be the return on investment per dollar spent. The return on investment would be measured by the number of people (breadwinners + defendants) that moves above the poverty line per dollar advanced in micro-loan.

Millennium Development Goal:  (How to achieve significant poverty reduction in Africa by the end of 2015 or post 2015)

In January 2014, there were about 550 million people in the 49 countries of sub-Sahara still living below the poverty of $1.25 per day. This number can be reduced by half quickly if the UN body responsible for the Millennium Development Goals, take the following simple and cost effective actions:

Immediately empower credible local NGOs in communities around sub-Sahara, to identify as many as 1 million “qualified” impoverished micro-business entrepreneurs in their respective communities and advance strictly business micro-loans of no more than $300 to each entrepreneur.

In the case of sub-Sahara Africa, “qualified” impoverished entrepreneur are micro-business operators who are making daily incomes that are not large enough to bring their immediate families above the poverty line. That means their daily incomes are less than $1.25 x [# of people in their family]. In a family of four, for example, the impoverished entrepreneur is earning less than $6 a day. [ Most of the entrepreneurs that qualify are women and there are presently about 40 million of them in sub-Sahara who qualify. ]

The immediate result would be that most of the 1 million entrepreneurs selected (in this first phase) would put their $300 soft loans towards growing their tiny businesses to earn more daily profits which would bring their families  above the poverty line, within 3 to 6 months. This program could be rolled out within 3 months to 1 million entrepreneurs and will rapidly move 4 million children and adults, above the poverty line immediately and permanently. Cost, $300 million. ($75 to bring each person above poverty). This intervention could be repeated concurrently in several regions of sub-Sahara every quarter, with freshly qualified groups of entrepreneurs in batches of one to three million participants. Through this plan, we could completely eliminate extreme poverty in sub-Sahara within 10 years.

For details of this plan, please contact:

Eugene Nzeribe,
Ottawa, Canada