Harvard grads make aiding the poor a new business
Their model shows giving cash directly to the very poor can be efficient and productive
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New York
MICHAEL Faye and Paul Niehaus spent summers as Harvard graduate students trying to give cash to the poor in the villages of Kenya.
The villagers were perplexed; development experts thought the two had lost their minds. People who live on less than a dollar a day, the experts said, were sure to spend the money on cigarettes and alcohol.
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