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Using Tech to End Proverty in Developing Countries

Autor:   •  April 7, 2018  •  1,965 Words (8 Pages)  •  213 Views

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Growing a microfinance business can be difficult for several of reasons, but the main reason is that microfinance loans are too small to expand the business to other areas of the country and the entrepreneurs are stack in more place competing for the same market (buyers) with ten other sellers who are selling the exact same products. Opening a new shop would produce more costs (rent, employees, insurance, etc.) than the revue the shop would support. But instead of opening a physical shop the entrepreneurs could open an e-commerce store with corporations. Cleary microfinance organizations cannot offer people loans to increase their business when the goal of them is to provide small loans to the world’s poor of the poorest.

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Dynamic partnerships are critical to solving complex global challenges and during the implementation of this project will partner with corporations, foundations and entrepreneurs both on a local and global level. By working with local partners[10] we (CARE) will be more able to “tap into the knowledge of the community’s culture and developing a deeper understanding”[11] of the people that will be using this program. However this program will not depend on local partners but we will also partner with corporations like Amazon (an American international electronic commerce company)[12], Esty Inc. (E-commerce website focused on homemade or vintage items and supplies, as well as unique factory manufactured items)[13] and EBay (an American multinational corporation and e-commerce company, providing consumer to consumer and business to consumers sales services via internet)[14] These would partner with CARE to give users a more easier access to ecommerce marketing (see appendix 2). And organizations like NGOtechnologies.org, an organization that is “committed to improving lives though the development of technological infrastructure”[15]. This organization would provide the training (see appendix 3) and setup needed to start operating the program. CARE can also partner with Advanced Micro computer Network LTD (AMCN), a local Malaysia company. AMCN will provide “total hardware, software and networking services”[16] the company will not only fix an problems that come but also anticipate them before they occur .These global partnerships will “help those groups gain skills and experience”[17],in areas such as project design and how to use the technology (See appendix 9)resources in a more effective manner.

CARE’s work would not be possible without the support of donors[18] (individuals, corporations, trusts, foundations, governments, institutions and community groups) and this project will receive its funding in the same manner CARE has always receive project funding (see appendix 6). To raise money for the project we (CARE) will apply for grants (www.fundsforngos.org) and also depend on CARE international funding*.

*CARE writes off the in-house project that they fund on their 990 form[19]

Conclusion

Clearly the goal that the UN set of fighting hunger and malnutrition in the world still has not been achieved with more than _ million children and adults living with no daily access to food, the food crisis is still present in our society today. In countries like Malaysia CARE can help combat this issue by providing microfinance loans that will produce long lasting results in fighting hunger in the country. Through strategic partnerships with corporations, CARE can offer an innovative way to solves this issue by fighting the cause and not just fixing the symptoms of the problem. Microfinance in in Asia has been an awakening where the country’s majority is no longer forgotten or given free handouts, but instead given an opportunity to support and enrich their lives. If CARE was able to offer these loans to people in rural area of Malaysia, they can ensure that the business these people start will succeed and be able compete in the worldwide market. Like Brooks mentions in chapter three of his book, Social Entrepreneurship: A Modern Approach to Social Value Creation “to solve a problem you must think outside the problem”[20] ,if CARE helps their borrows get loans to start small businesses they are fighting the food crisis that is facing Malaysia and its neighboring counties. Because if the borrows are empowered to start a business that provides a stable income they will be more able to provide daily nourishes meals for their families and children.

Appendix

APPENDIX 1

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APPENDIX 2

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APPENDIX 3

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APPENDIX 4

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APPENDIX 5

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APPENDIX 6

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APPENDIX 7

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APPENDIX 8

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APPENDIX 10

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APPENDIX 9

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APPENDIX 10

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Reference List

"Partnerships." CARE. Accessed February 17, 2017. http://www.care.org/about/partnerships.

Coyle, Mary. International Institute at St. Francis Xavier University Innovation Scotia, Canada

Chris Oldway, in class speaker presentation

Brooks, Arthur C. Social Entrepreneurship. 1st ed. Upper Saddle River, NJ: Pearson/Prentice Hall, 2009. Print.

"NGO Monitor Resources." CARE. Accessed March 5, 2017. http://www.ngo monitor.org/article/care.

“Facts of Malaysia.” Country Facts. Accessed February 28, 2017

"Etsy - About." Etsy. Accessed March 5, 2017. https://www.etsy.com/about/.

Collins, Dary L. "Rethinking Microfinance." In Portfolios of the

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