Charities are taking an increasingly entrepreneurial approach to sustaining their initiatives. US-based MalaikaForLife, for example, runs an ecommerce store that stocks bracelets produced by a group of 150 women in Tanzania. The proceeds go towards providing them with a source of sustainable income and for stamping out malaria in the region.
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Then there’s DoGoodBuyUs, a type of Etsy for charities, which stocks hundreds of charity made products.
The trouble is that in order for a charity to produce these products, they need some kind of starting capital to produce the goods. One option would be to take a micro-financing approach through something like Kiva. A new startup from Hong Kong reckons it might have another option.
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