Home > crowdsourcing, peer to peer lending, sub-saharan africa microfinance, women and development > do you really want to fight poverty? try girl power

do you really want to fight poverty? try girl power

I read an interesting article last night from Nancy Gibb (Essay, Time magazine, February 14) talking about the best way to fight poverty: her idea is girl power, i.e invest in young women/girls in developing countries and you have the perfect recipe for economic development. She calls this the silent revolution not the noisy ones we have seen lately in the North of Africa and presents statistics such as the fact that in sub-saharan Africa, only 1 in 5 girls make it to secondary school, half are married by the time they are 18 and girls under 15 are 5 times more likely to die giving birth. It is extremely thought-provoking that helping out women can make the impact as it is generally accepted that when women earn money they reinvest 90% of it back into their families (compared with men who reinvest just 30%). This is the thought process behind the soon to be launched peer-to-peer microfinance lending site Inuka.org. Inuka means ‘to rise up” in Swahili and the online platform will geared solely to lending to women owned businesses in sub-saharan Africa. The uniqueness of this model is that the lending will be done to women’s groups rather than individual women, and it will give the chance to social investors across Europe to help make a difference by investing in women. And this wont be charity as charity has been proven many times over to increase depency and not create real wealth and development. This exciting venture is set to take off in just a few weeks and is a partnership with myAzimia.org,(http://www.myazimia.org/) keep a watch on www.inuka.org

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  1. Nancy muthoni
    March 9, 2012 at 2:32 pm

    Thanks for sharering the information it is very helpful, how can one take part in working with any of the organisations.?

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