PHASE: Pilot
CATEGORY: Poverty
50/50 - Partner with the Poor
Africa

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50/50 is a non-profit organization that uses microfinance in new ways to partner with the poor, helping them start their own businesses around the world in places where access to funding can be tough to obtain.

Standings & Awards

73 out of 591 in Africa
14 out of 179 in Poverty
63 out of 574 in Pilot
72 out of 992 in Charitable
206 out of 4003 Overall
We help people living in poverty to change the equation and raise their living standards--permanently.

We're excited to tell you about some of the latest things we've been up to (and please take a look at the attached backgrounder document to learn more about 50/50 and how we differ from most other organizations):

On Zanzibar, we've helped 15 men and women start new careers as butterfly farmers.  With support and training via our partnership with Zanzibar Butterfly Centre, we've provided business training and start-up funds for them to raise caterpillars into butterflies and earn money (up to ten times their previous income) by nurturing the environment (butterflies are nature's second-best pollinaters after bees) rather than destroying it (many used to chop down trees to sell as firewood or charcoal).

  

 

On the island of Pemba, to Zanzibar's north, we are working with a group of seven men and women in Chanjaani to open the area's first dairy farm, which they have decided to call Pemba Fresh Dairy.  Most currently make less than $300 a year; once the dairy is up and running they'll have the opportunity to raise their incomes by 8 times as much.  With start-up funding and training (both in business management and in dairy-specific skills), the group plans to sell pasteurized milk in clean, reuseable glass bottles (rather than the commonly-used plastic bags that pile up as waste).

FIVE PROJECT QUESTIONS Required (60 - 90 minutes)

2. Who gains the most? 
Our entrepreneurs, their families, and their communities. By helping people who are living in poverty, we are able to partner with those who need assistance the most to improve their lives. Because we are concerned first and foremost with producing successful new businessmen and women, our loans have no minimum (some have begun for as little as $80) and go up to $1000, ensuring they truly remain "micro" and are targeting the poorest men and women around the world.
3. Who pays? 
We all can. Though we would always welcome grants from competitions or private foundations, we rely on a "crowdsourcing" model through our website, www.fifty50.org, where anyone around the world can go, get to know our entrepreneurs, and contribute as little as $10 to start-up funding for their business. Because the funding is provided as 50% loan and 50% grant, when the entrepreneur re-pays the loan portion, those funds get deposited back directly into our contributors' accounts.
4. What is your success? 
Though we just started last year, already several of our entrepreneurs are earning five to six times their previous incomes and able to afford clothes, better nutrition, and health care for their families.
5. How will you do it? 
Only with your help. We need your support, time, money, effort, and enthusiasm to make this work. Only people with a passion and commitment to helping their fellow men and women in clear, tangible ways can ensure that this model succeeds, scales up, and helps add "poverty" to the list of problems--slavery, smallpox, etc.--that we simply won't accept as a part of our lives in this age of gloal wealth and communication.