small-factories-emerge-as-a-weapon-in-the-fight-against-poverty.html

small-factories-emerge-as-a-weapon-in-the-fight-against-poverty.html

11/3/2016

link

http://mobile.nytimes.com/2016/10/30/business/small-factories-emerge-as-a-weapon-in-the-fight-against-poverty.html

summary

This New York Times article highlights the role of small-scale factories in fighting poverty in developing countries. It examines the success of a factory in Kenya that produces solar-powered lanterns, providing employment opportunities and stimulating local economies. The article explains how these small factories are well-suited to the needs of poor communities, as they require lower capital investments and can be established closer to the target market. It also highlights some challenges that arise, such as limited access to financing and skilled labor. Overall, the article showcases the potential of small factories as a tool for poverty alleviation.

tags

social impact ꞏ social inclusion ꞏ community development ꞏ business models ꞏ small-scale industries ꞏ local economy ꞏ manufacturing sector ꞏ developing countries ꞏ bottom-up approaches ꞏ sustainable development ꞏ global poverty ꞏ emerging markets ꞏ social enterprises ꞏ low-income communities ꞏ social entrepreneurship ꞏ microfinance ꞏ supply chain ꞏ income generation ꞏ social change ꞏ labor market ꞏ rural development ꞏ social innovation ꞏ sustainable livelihoods ꞏ microenterprises ꞏ poverty alleviation ꞏ economic development ꞏ economic empowerment ꞏ poverty solutions ꞏ workforce development ꞏ wealth creation ꞏ poverty eradication ꞏ social mobility ꞏ innovation ꞏ empowerment ꞏ job creation ꞏ small factories ꞏ economic independence ꞏ economic opportunities ꞏ global development ꞏ grassroots initiatives ꞏ entrepreneurship ꞏ poverty reduction ꞏ inclusive growth