Using business to bring transformation to the world’s poor

The world’s greatest scandal and the only sustainable solution

Using business to bring transformation to the world’s poor

TBN Vision

“The vision of TBN is to combat poverty by creating equality & social justice through business thereby bringing transformation to the poor”

Using business to bring transformation to the world’s poor

Unimaginable Truth

• 149 million malnourished children in developing countries

• 100 million children without access to basic education

• 2.4bn people without access to adequate sanitation

• 1.1 million African children under 15 living with HIV

Source: New Internationalist

Using business to bring transformation to the world’s poor

24 Hours a day

• 24,000 people died of hunger• 6,020 children killed by diarrhoea• 2,700 children killed by measles• 8,000 people died of HIV/AIDS related

illness • 5,500 people died of malaria

Source: New Internationalist

Using business to bring transformation to the world’s poor

Life as it really is…

• 1.2 billion people live on <US$1 a day

• Every 3 seconds, a child dies as a result of extreme poverty

• 50% of the world population live on less that US$2 a day – a staggering 2.8 billion people

Using business to bring transformation to the world’s poor

The bottom billion

•1 billion people live in extreme poverty•1.2 billion people don’t have access to clean water •50,000 people die every day from extreme poverty•100 million children can’t go to school

Using business to bring transformation to the world’s poor

We can’t afford to…..?!• $7 billion is needed to provide 2.6 billion people

with access to clear water annually

– Less than we spend on perfume

– Less than Americans spend on elective corrective surgery

• 3 day’s global military spending ($4.5bn) could send every child to school for a year

Source: UN Human Development Report

Using business to bring transformation to the world’s poor

The problem - poverty

• Unfair trade rules deny poor countries £0.7 billion a day, 14 times what the receive in aid

• Countries in sub-Saharan Africa spend £8 billion a year on debt repayments

Using business to bring transformation to the world’s poor

Unfair Trade & Subsidies• $1billion a YEAR on aid for agriculture in

poor countries

• $1 billion a DAY on subsidies of agricultural overproduction at home

• EU dairy subsidy is $2.50/cow/day whilst 2.8b people live on <$2/day

Source: UN Human Development Report

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Using business to bring transformation to the world’s poor

Credit Crunch Financials

• $4.1 Trillion Level of financial loss @ financial institutions, IMF

• $1 Trillion G20 promise to stimulate global economy

• £175bn UK financial bailout

Using business to bring transformation to the world’s poor

What is our response

to this

Scandal of Global Poverty?

Using business to bring transformation to the world’s poor

Business is the only sustainable solution to

poverty

Using business to bring transformation to the world’s poor

Eradicating poverty through Eradicating poverty through Business GrowthBusiness Growth

a new way to combat a new way to combat povertypoverty

Using business to bring transformation to the world’s poor

Enterprise solution to Poverty

• Economic growth is the fastest way to reduce poverty – China

• FDI is critical to economic growth but requires political and economic stability, good governance – factors missing in poor countries

• Social entrepreneurs needed to fill this gap

Using business to bring transformation to the world’s poor

TBN on the Ground

• Circa 130,000 people impacted

• 13,000 jobs created or sustained

• £25m invested directly or indirectly

• Target of 400,000 jobs in 3 years from existing projects alone

Using business to bring transformation to the world’s poor

ProductionTile Factory

Tsunami Boats

Fair Trade clothing

Textile Handicrafts

Wooden Handicrafts

Micro-producers

Using business to bring transformation to the world’s poor

Retail and Service ProvidersIT Helpdesk Facility

Kuzuko Game Park

Reconditioned Computer sales

Internet Cafe

Microfinance Institutions

SME Finance

Business Training and MicroMBA

Using business to bring transformation to the world’s poor

Social ServicesHealth Financing

Prevention and Mitigation of AIDS

Access to Water

Appropriate Medical Technology

Health Data Analysis

Using business to bring transformation to the world’s poor

Agriculture

Honey Production

Fish Farm

Bio-fuel Cultivation

Small Scale Producers

Using business to bring transformation to the world’s poor

TBN: Giving HOPEHelping the poor

• Creating jobs

• Building capital

• Giving hope

Using business to bring transformation to the world’s poor

Business & Economic Growth

– THE Powerful Catalyst

“More than aid, trade has the potential to increase the share of the world’s poorest countries and people in global prosperity”

Source: UN Human Development Report

Using business to bring transformation to the world’s poor

Forward momentum

“The test of our progress is not whether we add more to the abundance of those who have much; it is whether we provide enough for those who have too little”

US President Franklin D Roosevelt

(2nd Inaugural Address, 1937)

Using business to bring transformation to the world’s poor

The poor need jobs, not aid

Simple Solution