SUBSCRIBERS
Harvard grads make aiding the poor a new business
Their model shows giving cash directly to the very poor can be efficient and productive
Add BT as a preferred sourcePublished Tue, Sep 22, 2015 · 09:50 PM
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.
Share with us your feedback on BT's products and services
