Remove Culture Remove Finance Remove Poverty
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From Microfinance to Mutual Aid—Moving Resources to People, Not Banks

NonProfit Quarterly

In the 1970s, economist Muhammad Yunus pioneered the concept of microloans through the Grameen Bank in Bangladesh, a revolutionary idea that aimed to lift people out of poverty by offering small loans to those excluded from traditional banking. Yunuss premise was simple: People know better. But building a people-centered approach takes time.

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Ending Persistent Poverty in Rural America: The Role of CDFIs

NonProfit Quarterly

Image Credit: Oladimeji Odunsi on unsplash.com Rural America is far more diverse than how it is portrayed in media and popular culture. This article introduces a new series, titled Eradicating Rural Poverty: The Power of Cooperation. This article introduces our series Eradicating Rural Poverty: The Power of Cooperation.

Poverty 131
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Being and Building Beloved Community: The Intersection of Culture and Economy

NonProfit Quarterly

In short, Memphis developed a culturally rich Black middle-class neighborhood. In Memphis today—and indeed throughout the South—Black Americans are organizing to rebuild cultural institutions and restore Black economies. The poverty rate is 52.4 A Culture of Abundance So, who was Church, and what was his vision?

Culture 122
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Policies for Housing With Heart

Stanford Social Innovation Review

Households are a function of housing as much as culture. Multigenerational households typically have more income earners than single families, and by combining the income of working family members and the social security or pensions of retired ones, Americans living in multigenerational households have lower levels of poverty.

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How to Help People of Color Become Homeowners: Data from Philadelphia

NonProfit Quarterly

In our 2023 study, our researchers found that the four lowest-cost market categories had median sale prices ranging from $45,000 to $154,000compared to a city median of about $250,000and above-average poverty rates ranging from 23 to 49 percent in a city with the unfortunate distinction of being the poorest big city.

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Making Policy Work for Rural Communities: The Value of Community Voice

NonProfit Quarterly

Image Credit: cottonbro studio on unsplash.com Rural America is far more diverse than how it is portrayed in media and popular culture. This article is the second in the series Eradicating Rural Poverty: The Power of Cooperation. Philanthropy often relies on large, national intermediaries that lack local knowledge and relationships.

Values 130
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Upgrading the Plumbing of the International Aid System

Stanford Social Innovation Review

The African Development Bank for example, seeks to promote sustainable economic growth and reduce poverty in Africa, while the International Red Cross focuses on protecting and assisting victims of armed conflict. These projects typically take place in peaceful and lower to middle-income countries where poverty remains prevalent.

Poverty 115