Sending money directly to individuals has emerged as a new model of giving. Cash transfers ensure funds reach the recipients, while cutting corruption and improving transparency. They promote financial inclusion, beneficiaries’ ownership of development policies, and alignment between programmes and accountability.
However, cash transfers still only represent 6% of total humanitarian spending. We aim to leverage the transformative potential of cash transfers to support development. We believe that cash transfers can be a trustworthy and accountable way to offer autonomy to poor people, giving them a choice over their priorities and needs.
With mounting issues including that of worldwide hunger, food waste, and the globalised and environmentally degrading nature of mainstream food production, disruptive urban agriculture can offer a sustainable alternative.
Our goal is to disrupt the current food system and use innovation in urban agriculture in order to create a more sustainable, fair and environmentally friendly food system. Hunger should no longer be an issue, nor should be food overproduced or wasted.
We want to see a future in which some of the world’s most vulnerable communities have an improved quality of life and access to regular, nutritious and adequate food supplies.
Total remittances in 2014 reached $583 billion, compared to $135.2 billion Official Development Assistance (ODA) that year. They represent money sent by migrants to support recipients in meeting basic needs. There is a good correlation between remittances and improved health, nutrition and education.
However, there are several barriers to developing countries making the most from remittances. Among these are transaction costs, lack of competition among money transfer operators and an increase in flow of remittances through informal channels. We want to increase the potential of remittances to achieve equality, financial inclusion and social development.
How can we ensure they deliver similar benefits to poor, marginalised communities in the developing world?
Access to the internet, in particular through smartphones, is now ubiquitous – even in the poorest countries, smartphones and internet cafés are now common.
But many of the most useful services – including e-commerce, sharing economy platforms and online access to public services – are tailored to the needs of rich countries.
In the developing world, they are limited or non-existent. Our vision is to bring tailored, relevant online services to these newly connected communities, so they benefit from the communications revolution.