Paul Polak is the guru for for-profit solutions to poverty and the importance of focusing on scalability. He has a couple books and a website and lots of videos on Youtube—I highly recommend him.
Scalability means how easily/financially-sustainably something can be spread. Charities are limited with their interventions because every person they help costs them, but socially-beneficial businesses that make profit (ie Nokero) are unlimited because they can keep on growing and spreading to help more and more people through selling their products or services. And then there’s charities like One Acre Fund that are mostly but not fully compensated by their own clients, putting them in between the two.
Paul Polak is the guru for for-profit solutions to poverty and the importance of focusing on scalability. He has a couple books and a website and lots of videos on Youtube—I highly recommend him.
Scalability means how easily/financially-sustainably something can be spread. Charities are limited with their interventions because every person they help costs them, but socially-beneficial businesses that make profit (ie Nokero) are unlimited because they can keep on growing and spreading to help more and more people through selling their products or services. And then there’s charities like One Acre Fund that are mostly but not fully compensated by their own clients, putting them in between the two.