4 steps to ending extreme poverty
We. Are Witness to monumental human progress. Over the past few decades expansion of the global marketplace has lifted a third of the world's population out of extreme poverty. Yet, we are also witnessing astounding failure. Our efforts to lift people up have left behind doors in the harshest forms of forty the ultra poor. What it means to be ultra poor goes beyond the monetary definition that we're all familiar with living on less than two dollars a day. It goes even beyond not having assets like livestock or land to be ultra poor means to be stripped of your dignity purpose and self worth it means living in isolation because you're a burden to your own community. It means being unable to imagine a better future for yourself and your family. By the end of two, thousand, nine, thousand, nine, hundred, about four, hundred, million people were living in ultra poverty worldwide. That's more than the populations of the United States and Canada combined. And when calamity strikes whether it's a pandemic, a natural disaster or a manmade crisis, these numbers spike astronomically higher. My Father Fuzzy Ahmed gave up a corporate career to establish BRAC here in Bangladesh in one thousand, nine, hundred, seventy, two Bangladesh was a wreck having just gone through a devastating cyclone followed by a brutal war for independence. Working with the poorest of the poor my father realized that poverty was more than the lack of income and assets. It was also a lack of hope. People were trapped in poverty because they felt their condition was immutable. Poverty to them was like the Sun and the moon something given to them by God. For Poverty Reduction programs to succeed, they would need to instill hope and self worth so that with the little sub support people could lift themselves out of poverty. Brat went onto to pioneer the graduation approach solution to ultra poverty that addresses both income poverty and the poverty of hold. The approach works primarily with women because women are the most affected by ultra poverty but also the ones most likely to pull themselves and their families out of it over a two year period, we essentially do for things. One we meet a woman's basic needs by giving her food or cash ensuring the minimum to survive. To, we move towards a decent livelihood 's by giving her an asset like livestock and training her to earn money from it three, retrain her to save budget and invest our new wealth and four we helped to integrate are socially I into groups of women like her and then into her community. Each of these elements is key to the success of the others. The real magic is the hope and sense of possibility they women develop the close mentorship they receive. Let. Me Tell you about jury. Jury was born in a remote village in northern Bangladesh. She never went to school and at the age of fifteen, she was married off to an abusive husband. He eventually abandoned her leaving her with no income and two children who are not in school and were severely malnourished with no one to turn to for help she had no hope. Join a joint brags graduation program in two, thousand and five. She received a dollar week to cowes enterprise training and the weekly visit from a mentor. She began to build her assets but most importantly, she began to imagine a better future for herself and her children. If you were to visit join us. Village today. You would find that she runs the largest general store in her area. She will proudly show you the land she bought and the house she built. Since we began this program in two thousand to two million Bangladeshi women have lifted themselves and their families out of ultra poverty. That's almost nine million people. The program which costs five hundred dollars per household runs for only two years but the impact goes well beyond that researchers at the London School of Economics found that even seven years after entering the program ninety, two percent of participants had maintained or increased their income assets and consumption.