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TechnoServe social entrepreneurship

From NYT article on Google.org philanthropy plan:

The second initiative, called “the missing middle,? refers to the missing middle class in Africa and South Asia and the missing middle level of financing between microcredits and hedge funds.

Microcredit funds currently provide families with three or four or five days of livelihood, Dr. Brilliant said. “No country,? he said, “has ever emerged from poverty because of microcredit. Jobs make that possible. China did it with manufacturing, India did it with outsourced call centers.?

To that end, DotOrg has awarded $3 million to TechnoServe to find worthy entrepreneurs and help them build credit records and get access to larger markets.

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