The Fund for Innovation in Development (FID) grants $1.3m to equip Rwandans living in poverty to transform their lives through entrepreneurship
Summary
The funding from FID, building on a previous $6.5m grant from USAIDs Development Innovation Ventures, aims to help Rwanda reach their goal of ending extreme poverty by 2030. FID supports solutions with high potential for impact against poverty and inequality, rigorously evaluates their effectiveness, and accelerates their deployment on a larger scale. Together, we are not only transforming lives but also illuminating a path for other African nations to effectively eliminate extreme poverty and combat poverty.The project is a prime example of the type of government and NGO partnership that Esther Duflo, Nobel Prize winning economist and Chairperson of the FID Board, called for in Devex in order to end extreme poverty.Arthur Germond, Country Director Rwanda at AFD, said: Village Enterprises program is fully aligned with the work of the AFD Group in Rwanda. We work with vulnerable women, refugees, and youth who are most impacted by climate change, conflict, and displacement, and equip them with skills and resources to launch climate-smart businesses, build savings, and put themselves and their families onto a sustainable path out of extreme poverty. It allows innovators from all types of organizationsresearch institutions, NGOs, governments, companiesto test new ideas, experiment and demonstrate what works on the basis of evaluation approaches.