CoGenerate recently teamed up with Fine Acts, a global creative studio for social impact, to launch an open call for illustrations showing generations working together for change. We’re looking for illustrations that show older and younger people coming together to...
The Latest from CoGenerate
In Georgia, These AmeriCorps Members Are Building Intergenerational Bonds
What is your program called, and how does it work? Ampact Georgia’s Reading Corps & Math Corps places AmeriCorps members of all ages in schools to serve as tutors. Our staff works with schools to identify students in need of tutorial services, assess those...
Seniors in Service Is Bringing AmeriCorps Members of All Ages Together To Tackle Food Insecurity in Tampa Bay
What is your program called, and how does it work? Seniors in Service is bringing members of AmeriCorps and AmeriCorps Seniors together to fight food insecurity. They serve together at local pantries that depend on volunteers to provide food for hundreds of families...
A New Conversation About Service That Crosses Generations
Can a single meal begin to bridge divides? Back in January, two major partners in CoGenerate’s work teamed up to find out. On the MLK Day of Service, Generations Over Dinner and AmeriCorps joined with senior living communities across the country to host more than 100...
Purpose Prize Fellow 2014
He helps the poor in the developing world access basic infrastructure services through enterprises owned and operated by local entrepreneurs.
In 40 years working in infrastructure development, I helped bring 60 projects to the developing world: electricity, water, light, clean water, sanitation, transportation, telecommunications. These utilities transform lives – but only some lives. The truth is, most of the poor can’t afford to connect to them. And w ithout access , the poor stay poor.
In 2001, I created The Small-Scale Sustainable Infrastructure Development Fund, Inc. (S 3 IDF) to flip that model, by making the poor the owners of these services. We’re unique because we promote small-scale, financially and environmentally sustainable infrastructure projects that are operated and eventually owned by the entrepreneurs and communities we invest in.
We explicitly target the working poor in South Asia, where 67 percent of the population lives on less than $2 a day . Poor people can be very good entrepreneurs, but often the only capital they have to contribute is ‘sweat’ capital. We provide access to financing, know-how and technology for sustainable infrastructure projects that don’t appear on the radar of most governments and nonprofits.
200 investments in renewable energy and technology in South Asia
Hundreds of thousands of lives changed
Our innovative Social Merchant Bank Approach® fills the financing gap between traditional banks and microfinance institutions. By using our own funding to partially guarantee loans or reduce the perceived risk of lending, we help banks step up to the plate, resulting in more impact in communities – and a more inclusive financial system.
Since 2001, S 3 IDF’s 200 projects have changed the lives of hundreds of thousands of people in India. Water purification plants bring safe drinking water to rural communities. Reliable electricity produced by small-scale hydropower lets students study at night and businesses keep their doors open. Computerized embroidery machines boost income for women’s sewing cooperatives. Electric flour- and spice-grinding machines produce more goods.
Creating a nonprofit that epitomizes my values has been the best way to channel my lifelong passion for poverty alleviation. I am incredibly proud of what the entrepreneurs and communities we’ve invested in have accomplished.