Hope in the heart & money in the pocket


Posted on May 15, 2012  /  0 Comments

This is what we might use if we were to have a tagline. We’ve been using it since our launch in 2004. But now it seems that MIT Poverty Lab research shows that hope in the heart leads to money in the pocket. Nice summary by the Economist.

The results were far more dramatic. Well after the financial help and hand-holding had stopped, the families of those who had been randomly chosen for the BRAC programme were eating 15% more, earning 20% more each month and skipping fewer meals than people in a comparison group. They were also saving a lot. The effects were so large and persistent that they could not be attributed to the direct effects of the grants: people could not have sold enough milk, eggs or meat to explain the income gains. Nor were they simply selling the assets (although some did).

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