The most significant aspect in poverty alleviation is to ensure employment for all eligible women-men. Even so, employment opportunities in both formal (government, private, non-government etc.) and informal sectors are not generating accordingly. Though agriculture sector plays a key role in the country’s economic growth, as of now, this sector is considered as an informal sector, because it lacks permanent employment opportunity throughout the year. In the context, self-employment generated in different informal sectors including agriculture, small business & enterprise and local transportations become as major support, where capital is the first requirement. In Bangladesh, supply of capital or loan provided by government-private banks and financial institutions in case of informal sector is too little. In this backdrop, collateral free microfinance, a worldwide milestone program developed by the NGOs of Bangladesh contributes in economic development generating self-employment. WAVE implements its Poverty and Hunger Eradication Program to ensure self-employment through promoting socio-economic development of poor and lower-middle class people living in both rural and urban settings. Under this program, 4 major loan products and various sub loan products play important role in agricultural production, livestock development including Black Bengal goat, local transportation, small to large scale business, enterprises and economic development in different sectors of organization working areas. The program emphasizes development of extreme poor and skill development training for program participants and technical assistance & medical services for their livestock development. In addition to financial services, WAVE intends to ensure integrated development of the program participants through incorporating health and education services along with awareness raising activities on social issues. Savings and micro insurance are one of the major activities along with loan support. Apart from this, WAVE has been working on cluster-based production and value chain development. This program intervention uplifts self-employment to formal employment that eventually contributes in our national economy.

Pathways to Prosperity for Extremely Poor People (PPEPP) Project

Pathways to Prosperity project supports extremely poor people to connect with mainstream economic growth and jobs for sustainable development. The objectives of the project are to enable two million people (500,000 households) to exit from extreme poverty for good and support the development of stronger national institutions & systems to deliver services for the targeted group to become resilient and prosper; and increased GoB investment in quality service provision to extremely poor households in the targeted communities; and GoB increases funding for programmes for livelihoods of extremely poor people. It is a holistic multidimensional development project with 03 major components i.e. Resilient Livelihood; Nutrition and Community Mobilization including 03 crosscutting issues of inclusion of Person with Disabilities (PWDS), Gender Equality and Climate Justice.  WAVE Foundation is implementing the project in two vulnerable south west districts named Magura and Patukhali with the support of PKSF funding from the UK aid and the European Union. WAVE will directly serve more than 8000 extremely poor households in the selected vulnerable districts in the first phase (2020-2025).

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