By Elodie Kwan “Keep making the world better than you found it.” A good friend gave me this note before I left for Kenya. I’ve kept it in my wallet ever since. It’s a dailyContinue reading
Impact investing has recently become one of the most utilized methods to effect social change in the developing world. Many organizations worldwide invest in socially minded businesses, with the intentionContinue reading
“Looking back, it was pretty crazy,” Sarah Hodsdon said of her idea to travel to Kenya. The fifth-year senior, majoring in international affairs with a minor in social entrepreneurship, just returned from a leave ofContinue reading
Formal and dignified employment eludes billions of people around the world, but Samasource, a highly innovative social business, acknowledges the internet as a democratizing and empowering force that can provide dignified work. Samasource connects women and youth earning under $3 a day to microwork: computer-driven piecework conducted over the internet that provides a fair wage and valuable job training skills to the those formerly excluded from the formal sector.
Nele Groosman, a graduate of International Affairs from Northeastern University, started a new job position eleven months ago in Kenya as a Market Research and Impact Assessment Coordinator at the Paradigm Project. The Paradigm Project is a social enterprise whose mission is to create sustainable economic, social and environmental value within developing world communities. They achieve this by selling fuel-efficient improved wood cooking stoves, which improve health, save time and money, empower women, help slow the rate of deforestation, and create jobs.
The past two months have flown by here. I originally planned to come here to independently research Kenya’s microfinance landscape—seeking to understand how Kenyans, both in rural areas and in the slums of Nairobi, use rotating savings and credits associations (ROSCAs) and accumulating savings and credit associations (ASCAs) to manage their finances— rather than the MFIs in the country. But then while co-oping in China and thinking about my experiences at Grameen Bank in Bangladesh, I decided I wanted to learn more about approaches to income development beyond increasing access to financial resources.