Empowering the “Ultra Poor”

March 1, 2009 Posted by Unitus Labs, Update

We speak often about microfinance being a proven method for alleviating poverty. And it’s true. Microfinance is an incredible tool for helping the poor work their way to a life of sustainability, opportunity, and ultimately, economic self-empowerment.

But it doesn’t work for all. For those living at the very bottom of the economic pyramid—those we refer to as the “ultra poor”—a microcredit loan is often not the best first step. Before becoming micro-entrepreneurs, the poorest of the poor need assistance in stabilizing their life circumstances, meeting their basic health and social needs, and learning the livelihood skills necessary to generate income.

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