Comments on: TED Talks Jacqueline Novogratz: From a Nairobi slum, a tale of hope http://socialroi.com/ted-talks-jacqueline-novogratz-from-a-nairobi-slum-a-tale-of-hope.html A blog about how social entrepreneurship is making this world a better place Wed, 16 Nov 2011 20:40:36 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Jeff Mowatt http://socialroi.com/ted-talks-jacqueline-novogratz-from-a-nairobi-slum-a-tale-of-hope.html/comment-page-1#comment-58475 Jeff Mowatt Sun, 29 Mar 2009 09:54:08 +0000 http://www.socialroi.com/?p=508#comment-58475 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. 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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