IDEAS home Printed from https://ideas.repec.org/a/ids/wremsd/v13y2017i1p69-83.html
   My bibliography  Save this article

Combating rural poverty through altruism: a model for sustainable education

Author

Listed:
  • Jeffrey Overall

Abstract

Nepal, one of the poorest nations, is plagued with high illiteracy rates and child labour. The children that enter the workforce, namely from rural areas, experience inhumane conditions and many enter the human trafficking trade. With a reach of over 100 million people and 68% of beneficiaries crossing the poverty line, micro-financing has proven to be an effective tool at addressing rural poverty. However, there are disadvantages hidden in these statistics, namely usurious interest rates, high enterprise failure rates, and aggressive repayment schemes that cannot only perpetuate impoverished conditions, but can also contribute to them. To address the disadvantages of micro-financing, a model for sustainable education is developed in this paper using altruism theory and the banking monetary multiplier. Through this model: 1) the cycle of poverty can be reduced; 2) literacy rates can be increased; 3) the supply of children that are trafficked abroad can be minimised.

Suggested Citation

  • Jeffrey Overall, 2017. "Combating rural poverty through altruism: a model for sustainable education," World Review of Entrepreneurship, Management and Sustainable Development, Inderscience Enterprises Ltd, vol. 13(1), pages 69-83.
    • Handle: RePEc:ids:wremsd:v:13:y:2017:i:1:p:69-83
    as

    Download full text from publisher

    File URL: http://www.inderscience.com/link.php?id=80742
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ids:wremsd:v:13:y:2017:i:1:p:69-83. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sarah Parker (email available below). General contact details of provider: http://www.inderscience.com/browse/index.php?journalID=173 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.