Personal narrative by Andreas Widmer describing his journey from consulting and venture capital into philanthropy, driven by disillusionment with top-down aid. He co-founded the Seven Fund with Michael Fairbanks to promote enterprise-based solutions to poverty, focusing on supporting existing entrepreneurs and SMEs via networks of productivity. The document describes the Pioneers of Prosperity program and cites a 2007 study claiming that 1 investment in an SME in an emerging market generates 12 units of economic activity locally, with 41% of the impact flowing outside the SME.
Questions this document answers
$2.3 trillion
$1 trillion
1 investment in an SME in an emerging market creates 12 in the local economy.
41%