People living in extreme poverty earn less than $1.90 per day. The ultra-poor are the lowest earning and most vulnerable subset of this population.
They struggle everyday to cope with food shortages, poor health, and lack access to basic services like medical services, clean water, sanitation and formal savings. They rarely own any land or productive assets. Lack of education and skills limit their capacities of a decent livelihood. They are mostly excluded from social services and healthcare, generally live in remote areas disconnected from markets and few have any prospect of sending their children to school in the hope that they at least might look forward to a better future.
Approximately 20 million people are trapped in this spiral of poverty in Bangladesh and globally the number is 400 million.
FIGHT TO ELIMINATE ULTRA-POVERTY
The Graduation approach recognises this complexity and takes a holistic solution to ultra-poverty. Rigorously tested and now replicated across 43 countries and regions, the model has shown great success in enabling ultra-poor families to break out from the spiral of poverty and move towards sustainable livelihoods.
The collection of stories illustrates the transformation of ultra-poor families in Bangladesh, as participants of Ultra-Poor Graduation (UPG) programme and Graduation programmes in Kenya as part of the PROFIT Financial Graduation pilot who have secured a pathway out of poverty.
THE GRADUATION APPROACH
A pathway to prosperity
Participant has improved house conditions considering the respective geographical context.
Participant has multiple types of productive assets with at least two sources of income.
Participant’s productive asset is at least 25% higher than its original value.