Problem DescriptionWe are using our microfinance program to eliminate the poverty that affects the families of our more than 57,000 clients, from rural and urban areas. 86% of these clients are women. To do so, we have developed a practical methodology which, as a first step, allows poor families to self-diagnose their own poverty, and then permits to develop personalized strategies that help families to permanently pull themselves out of poverty. We call it the “Poverty Stoplight” approach created to eliminate multidimensional poverty.
Solution StageOne of the 7 stages of an innovation. Learn more
|STAGE||SPECIALIST SKILLS REQUIRED||EXAMPLE ACTIVITIES||RISK LEVEL AND HANDLING||FINANCE REQUIRED||KINDS OF EVIDENCE GENERATED||GOAL|
|Developing and implementing5||Strong leadership, management, implementation skills|
|A robust and detailed case developed through formal evaluation and evidence gathering – use of a control group to isolate impact||An implemented and sustainable innovation|