Microfinance Practice: [MFP] Re: If You Give the Poor Cash, Does it Help?

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If You Give the Poor Cash, Does it Help?

Jun 2013, Blattman, C., Fiala, N., & Martinez, S.

Mictrofinance Gateway

http://www.microfinancegateway.org/p/site/m/template.rc/1.1.19344/

http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2268552

World Bank Paper

http://siteresources.worldbank.org/INTHDOFFICE/Resources/5485648-1332253705502/Evidence2Policy-Uganda.pdf

Analyzing the impact of unsupervised cash grants on young adults in Uganda

This study evaluates the impact of a program by the Government of Uganda, in which it gave young men and women cash grants to start skilled trades outside of agriculture. The study was conducted four years after the grants were provided.

According to the government program, young adults aged 16 to 35 in the country’s northern region were eligible for grants. The young adults had to make small groups and submit proposals for grants. Only 265 grants were available for 535 eligible groups, and those that weren’t granted, were selected as control groups for the study. Findings include:

Four years later, most grant recipients practiced skilled trades and earned more money than the control group. For every dollar invested over a year, the young adults earned USD 1.40;
Fears that money would be mismanaged or misappropriated were unfounded;
Young adults who received the unsupervised grants stuck to their stated plans, using the majority of the money for vocational training and to acquire materials to run a business;
Grant recipients accumulated more business assets than their peers.

The paper concludes that long-term solutions should address the root problem of inadequate access to cheap finance for small business development.

OTHER WEB SITES ON THE SAME SUBJECT:

Cash, Cows And The Rise Of Nerd Philanthropy

Planet Money

http://www.npr.org/blogs/money/2013/08/23/214875696/cash-cows-and-the-rise-of-nerd-philanthropy

Ending Poverty by Giving The Poor Money

The New York Times Sept. 26 2013

http://economix.blogs.nytimes.com/2013/06/20/ending-poverty-by-giving-the-poor-money/?_r=0

Want to Help People? Just Give Them Money

Harvard Business review, Jacquelline Fuller 4 April, 2013

http://www.hbritalia.it/component/k2/item/990-want-to-help-people#.UkXjjfjzaM8

http://blogs.hbr.org/2013/03/want-to-help-people-just-give/

For Fighting Poverty, Cash Is Surprisingly Effective

BloombergBusinessWeek

http://www.businessweek.com/articles/2013-06-03/for-fighting-poverty-cash-is-surprisingly-effective

The Best and Simplest Way to Fight Global Poverty

Proof that giving cash to poor people, no strings attached, is an amazingly powerful tool for boosting incomes and promoting development.

http://www.slate.com/articles/business/moneybox/2013/05/unconditional_cash_transfers_giving_money_to_the_poor_may_be_the_best_tool.html

End poverty by giving the poor cash?

http://chrisblattman.com/2013/06/20/end-poverty-by-giving-the-poor-cash/

Dear governments: Want to help the poor and transform your economy? Give people cash

http://chrisblattman.com/2013/05/23/dear-governments-want-to-help-the-poor-and-transform-your-economy-give-people-cash/

MSNBC Anchor’s ‘Easy’ Solution to Ending Poverty: ‘Giving People Money’

“Giving people money. It’s actually that easy.”

http://www.theblaze.com/stories/2013/05/12/msnbc-anchors-easy-solution-to-ending-poverty-giving-people-money/

Just give money: Can cash transfer schemes end poverty?

The Guardian, UK

Instead of relying on an expensive aid industry, it is better to transfer money and resources directly to poor households so they can find the most effective ways to escape poverty, argues Armando Barrientos

http://www.theguardian.com/katine/katine-chronicles-blog/2010/jun/29/just-give-money-cash-transfers

The Simplest Way To End Poverty Might Be To Just Give Money Away

Conditional cash transfer programs--which give cash rewards for things like getting vaccinations or enrolling kids in school--might sound like free money, but evidence is mounting about their effectiveness.

The genius of conditional cash transfers is that they are immune from the attack of merely being 'hand-outs.'

If we are unwilling to accept the multifaceted nature of extreme poverty, our responses to it are doomed to come up short.

http://www.fastcoexist.com/1680670/the-simplest-way-to-end-poverty-might-be-to-just-give-money-away

Chris Hayes' 'Easy' Solution To Poverty: Give People Money!

http://newsbusters.org/blogs/mark-finkelstein/2013/05/12/chris-hayes-easy-solution-poverty-give-people-money#ixzz2e6kRhJyt

How much would it cost to end extreme poverty in the world?

http://www.visionofearth.org/economics/ending-poverty/how-much-would-it-cost-to-end-extreme-poverty-in-the-world/

The Eight Most Common Myths about Wealth, Poverty, and Free Enterprise

http://blog.tifwe.org/myths-of-poverty-wealth-free-enterprise/

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