New York Times: The Boma Project and Village Enterprise Highlighted in Nicholas Kristoff Column about Ending Extreme Poverty
Thursday, May 21, 2015: Aid for Africa is pleased to see recognition of two of our members—The Boma Project and Village Enterprise –in a recent article by New York Times columnist Nicholas Kristof about the power of the “graduation” model to sustainably raise incomes and reduce poverty. Kristof cites a new study published in Science documenting the positive long-term effects of programs that provide financial resources, management skills, business training and mentoring to help sustain these skills and deal with challenges. Staff at The Boma Project and Village Enterprise knew their approach was having an impact–together the organizations have helped launch more than 30,000 small businesses and lifted more than a half a million individuals out of poverty in East Africa. Now scientific evidence backs them up. Read the full article.