May each of you live lives of immersion. They won't necessarily be easy lives. But in the end, it is all that will sustain us.
Jacqueline NovogratzRead
When it comes to solving problems of poverty, impact investing can act as a catalyst, but it is not a silver bullet. Successful businesses serving the poor need more than investment capital. They also need infrastructure to enable effective distribution, strong regulatory systems, access to markets, technical assistance as they scale up, and more
Interpretation
What this quote means
Impact investing can help address poverty, but it is not the sole solution; various supports are also needed.
Jacqueline Novogratz emphasizes that while impact investing plays a crucial role in tackling poverty, it cannot solve the problem alone. Successful initiatives aimed at aiding the poor require comprehensive support systems, including infrastructure, regulatory frameworks, market access, and technical assistance to ensure sustainable growth and effectiveness.
Themes
PovertyImpact InvestingInfrastructureBusinessSupport
In practice
Example use cases
During a conference on social entrepreneurship, this quote can be used to illustrate the complexities of addressing poverty through business.
More from Jacqueline Novogratz
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I've been working on issues of poverty for more than 20 years, and so it's ironic that the problem that and question that I most grapple with is how you actually define poverty. What does it mean?
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The poor don't live in functional market economies as the rest of us do, but in political economies where corruption and broken systems extend from local government to moneylenders.
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Each of us can work to change a small portion of events. And it's in the total of all those acts that the history of this generation will be written.
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Don't let people tell you to do it this way. You are on the verge of figuring out hybrid models -- with companies and nonprofits, markets, government, crowd-sourced philanthropy. The capitalist system as we know it is not working.
Jacqueline NovogratzRead
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