750 million people, Extreme Poverty

There is a nice article today from The Wall Street Journal on the shrinking global extreme poverty.

“The global population living in extreme poverty has fallen below 750 million for the first time since the World Bank began collecting global statistics in 1990.”

“Extreme poverty” is defined as living on the economic equivalent to less than $1.90 a day.

For Micro Konnect — our mission is to create jobs and lift people into “middle class”.  Middle class in Haiti is $5000-$6000.

Haiti still ranks near the bottom of the “extreme poverty” scale.  70% of Haitians live on less than $2/day.  50% live on less than $1/day!

Thru micro loans we have moved a few families already from less than $200 a year to around $5000.

The trend above continues to go into a better and better position.  And social media and the internet is part of the newer solution.  Now we can communicate to those in super need instantly and all day long.  That was not achievable or sustainable in the past and now even the extreme poverty people have phones.

 

 

 

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