We know extreme poverty is complex, and the last 10% of people living in extreme poverty will be the hardest to reach, as they are within communities that may be displaced, or living in fragile, land-locked, conflict affected countries.
This means organisations can no longer just tackle symptomatic issues with band-aid projects, but must focus on solving root-cause systemic issues. We believe we have to empower these organisations themselves to innovate, test, and scale approaches that create systems change.
We also know that oftentimes, well-meaning donors and funders like to fund projects, and projects that only ‘make sense’ to them, and in the process, inadvertently exclude the voices of partners and communities in funding decisions. This has led to alarming outcomes, with a recent report showing 46% of all obstacles in achieving impact in programs were funder-created.
This means that going forward we will be funding organisations, instead of individual projects.
We provide our organisations the flexibility to use funding as they require, but this means we require more transparency than ever before on the ‘important’ things. We will have unprecedented access to the organisation - we require the publishing and constant transparency of impact goals and outcomes, their financial performance every quarter, and all of our partners undertake external annual financial audits and make these results public in a transparent manner to ensure their finances have been used in the manner it was intended for. Please read more on our funding methodology on our website.
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