Economic Development

At Khusi Hona, we focus on the “teaching a man to fish” part of the famous adage. When you teach a man to fish, you enable him to feed himself and his family for a lifetime, but that’s not all: Small business development in poverty-stricken countries in South Asia provides the resources necessary for extended families and entire communities to pull themselves out of terrible situations.

Muhammad Yunus, a Bangladeshi entrepreneur, economist and civil society leader, as well as a recipient of the Nobel Peace Prize, said “In my experience, poor people are the world’s greatest entrepreneurs. Every day, they must innovate in order to survive. They remain poor because they do not have the opportunities to turn their creativity into sustainable income.” One of Khusi Hona’s projects is to provide people with opportunities to create income for themselves and their families.

As families prosper, they spend money and stimulate the local economy. This leads to more and more success as time goes on. Despite obstacles such as conflict, corruption and high fiscal deficits in some countries, South Asia has already achieved impressive economic growth and poverty reduction in the past decade, thanks mainly to economic reforms in the 1990s. If this growth accelerates to 10 percent per year, the region could see single-digit poverty rates by 2018. Khusi Hona strives to support the present and future success of this region.