Brendan Martin

theworkingworld

Name: Brendan Martin
Organization: The Working World
Website: http://www.theworkingworld.org
Title: Founder

Challenge Entries

mars 09, 2016 / 0 Comments / in Développement économique

Concerned with the failures of many microcredit schemes, Brendan created 'just-in-time credit' - a new type of loan that focuses on wealth and job creation as well as sustainable economic growth from the bottom up. Brendan is expanding the reach of small-scale lending to include mini-loans for cooperatives and small  businesses, with accompanying emphasis on the  democratic  and transparent governance of those organizations and the development and effective use of short-term business plans.

While the finance industry operates on a global scale, it has yet to reach many of the poorest parts of the world, where desire to work far outpaces available resources. Microcredit is trying, but it’s not enough, and finance still creates too much debt and not enough wealth.

It’s time for this to change.

Grâce aux expériences du microcrédit et du capital-risque, nous avons créé un nouveau modèle de financement qui ne se contente pas seulement de prêter de l'argent, mais qui permet aussi aux plus démunis de générer une véritable productivité. Nous avons travaillé avec les populations pauvres pour amener les entreprises coopératives de taille moyenne à la rentabilité, sans toutefois les endetter. Les participants possèdent désormais leurs propres restaurants, leurs parcs de taxis, voire même leurs usines. Pour éradiquer la pauvreté, il faut que les plus démunis construisent leurs richesses.

Com as lições do microcrédito e os pontos fortes do capital de risco, inventamos um novo tipo de financiamento que não é apenas empréstimo; ele cria uma produtividade real de baixo para cima. Trabalhando com os pobres do mundo, nós orientamos cooperativas médias para a rentabilidade sem um centavo de dívida. Pessoas que não possuíam nada agora possuem restaurantes próprios, frotas de táxi e até mesmo fábricas. A solução para a pobreza é construir a riqueza a partir da base. A revolução da inovação está chegando agora às finanças.

De las lecciones del microcrédito y las fuerzas del capitalismo de riesgo, hemos inventado un nuevo tipo de financiación que no sólo presta, sino que crea productividad real de abajo hacia arriba. Trabajando con los pobres del mundo, pastoreamos medianas empresas cooperativas hacia la rentabilidad sin un centavo de deuda. Las personas con nada recursos, ahora cuentan con sus propios restaurantes, flotas de taxi, e incluso fábricas. La solución a la pobreza es crear riqueza desde el fondo. La revolución de la innovación está llegando a la financiación.

While the finance industry operates on a global scale, it has yet to reach many of the poorest parts of the world, where desire to work far outpaces available resources. Microcredit is trying, but it’s not enough, and finance still creates too much debt and not enough wealth.

It’s time for this to change.

sept. 29, 2008 / 0 Comments / in

Unlocking the untapped human capital of workers by applying the power of microcredit to large-scale productive operations run using direct democracy.