20 May '11, 6am

The Paradigm Project’s Profit For The Poor

The Paradigm Project’s Profit For The Poor

Give a man a fish and feed him for a day. Teach a man to fish, and you feed him for a lifetime. That’s the philosophy behind The Paradigm Project ‘s “Profit for the Poor” program, which redefines the idea of philanthropy – instead of applying philanthropic dollars to the needs of the poor, their model invites and engages investors and donors in a collaborative effort to create social enterprises that result in positive effects on impoverished communities and a positive financial return on invested dollars over time. This way, it gets around the needs of traditional philanthropic models which require donors to continuously contribute financial resources to a cause. The first project they’re engaged in is installing fuel-efficient cookstoves in Kenya. The Paradigm Project has committed to installing five million cookstoves, as well as the business infrastructure to support t...

Full article: http://www.youngupstarts.com/2011/05/20/the-paradigm-proj...

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