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Business-Minded Charities Work to Tackle Poverty, Hunger in India

February 19, 2009

It is not surprising that today many charities are adopting innovative business techniques to thrive and succeed in their philanthropic endeavors. Many traditional charities, provide help and alleviate short run problems; whereas, market-based charities are built to thrive and have the potential to grow on their own.

Charitable institutions often use business principles and innovative involvement techniques to deliver services and provide aid more effectively to impoverished communities. These institutions involve their stake holders (government, local communities, and business corporations) in all realms of their endeavors.

Involvement in the organization and knowledge of where the donation is being used makes the giving party more responsible, interested and, committed to the charitable organization. It also ensures an efficient channeling of resources (monetary funds, human, technical skills) by the organization to the needed areas.

Naandi, a non-profit charitable institution in India that works to promote a) child’s rights, b) safe drinking water, and c) sustainable livelihoods is a classic example of the way organizations are changing the way they function. Some of their projects comprise supplying food in government schools, providing job training skills to youth, educating the poor with sustainable livelihood techniques (for example farming), and educating the poor on the benefits from drinking safe water and immunizations. Their projects aim to provide poverty stricken communities with the ammunition they need to survive in the long run.

Some organizations like the Soros Economic Development Fund aim to help the impoverished with making investments and providing access to financial capital (through loans and equity) in projects that prevent deterioration of communities. Other organizations such as use technology and information to help. Unitus, invests in agencies and works with them to provide microfinance services to the poor. This type of charity aims to help the poor by providing critical services like health care, housing, and low interest loans that are affordable and within the reach of the poor.

Endeavor‘s business model for philanthropy invests in human capital and targets the high-impact entrepreneurs in emerging economies. It provides financial help, advice and guidance until they are able to sustain and fend for themselves. These successful entrepreneurs serve as role models and encourage others organizations to follow similar paths. Investments of this kind are expected to change communities and produce permanent gains which are manifested in financial, cultural, human, intellectual and social capital.

Economies continue to grow in this era of increasing globalization, improved technology, and growing markets. The gap between the rich and poor is steadily increasing. In an attempt to help the poor, charitable institutions today are channelizing their resources in areas which attack the root cause of poverty. They assist the poor to develop the skills they need and provide an infrastructure which will help them cross poverty lines.

(PND: Business-Minded Charities Work to Tackle Poverty, Hunger in India)

– P

2 Comments leave one →
  1. jordyn permalink
    March 9, 2010 11:36 pm

    you guys are a good samaritan becasue you help the people who are poor and living in poverty in India and other part of the world. Im using this website for my report and tell my class hat you guys are the best.

  2. jordyn permalink
    March 9, 2010 11:36 pm

    thank you

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