TED Talks Jacqueline Novogratz: From a Nairobi slum, a tale of hope

Jacqueline Novogratz tells a moving story of an encounter in a Nairobi slum with Jane, a former prostitute, whose dreams of escaping poverty, of becoming a doctor and of getting married were fulfilled in an unexpected way.

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  1. I can offer a similar story about a city in Russia where prostitution became the means of survival for many. In 1999 a social entrepreneur invested his money in researching a development strategy including a microcredit bank.

    http://www.p-ced.com/projects/russia/

    It started with $6 million from USAID which was ramped up to $10 million after a year, due to its success and in 4 years leveraged 10,000 businesses with 80% started by women. The business survival rate was artound 95% for more than one year.

    Applied across a city of 600,000 with the assumption that one sucessful small business helps lift 3 people out of poverty, it could be claimed that the initiative had a social return for 30,000 or 5% of population.

    From Tomsk it was replicated in Novisibirsk, Severak, T’bliisi and several
    other Russian cities.

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