Send money to people living in poverty, no strings attached. In Bangladesh, DRC, Kenya, Liberia, Malawi, Mozambique, Morocco, Nigeria, Rwanda, Uganda, & U.S.
I sent some!
You should too! GiveDirectly is doing great work in distributing funds directly to the world's poorest.
They take crypto: (they don't yet take DOGE directly but maybe that can change☺️☺️)
I will take that bet.
You buy 1 BTC.
I will send $1M USD.
This is ~40:1 odds as 1 BTC is worth ~$26k.
The term is 90 days.
All we need is a mutually agreed custodian who will still be there to settle this in the event of digital dollar devaluation.
If someone knows how to do this…
"I am beyond excited to take on the role of president as we embark on this endeavour – at a time when climate change and the pandemic make global poverty more urgent than ever." -
@RoryStewartUK
“GiveGreen chooses to offer unconditional cash transfers… Empowering poor people to make their own choices. Well, that advances their core value of respect.” -
@JohnCena
in Ricky Stanicky, a new Amazon comedy 🤯 🧵
"Giving people money is one of the oldest things in the world, but as an approach to international development, it's been hiding in plain sight." -
@GiveDirectly
President
@RoryStewartUK
with
@BBCYaldaHakim
(1/3)
Announcing a new phase in our work delivering donations directly to people in poverty:
@RoryStewartUK
is taking the helm as President and we’re setting our sights on even bigger goals.
Yemen has to import almost all of its food. In the first 3 months of 2022, Ukraine provided ⅓ of Yemen’s wheat & flour – now suddenly 7x times more $$ due to the
#UkraineRussianWar
.
You can help Yemenis meet their food needs →
“With the first installment, I bought a boat... I straight away started using the boat to buy and sell fish. I make $2-3 per day." Josephine, a recipient in Western Rwanda, has since opened a coffee shop with the fishing profits. "Teach a man to fish," or help them buy a boat?
“Instead of giving a tent to people in poverty, which they sell for cash to buy what they want, or moving wheat halfway around the world from a farmer in Idaho, we’re actually letting people determine what their needs are.”
@RoryStewartUK
in
@Telegraph
1/4
New results from the world's largest
#UBI
study⬇️tl;dr: money always helps, and the benefit of one lump sum can last a long time.
✅ A monthly universal basic income (UBI) empowered recipients and did not create idleness. They invested, became more…
@jack
@sinaEstavi
@elonmusk
We'll just add: last time the tweet sold, the proceeds reached 16,497 families in poverty. With every additional $1M donated, we're able to reach ~4,000 more people like Eunice:
"Today our life has changed: we eat well, we all sleep on mattresses, we’re repairing our house by replacing the roofing sheets, my kids are no longer expelled from school [for lack of uniforms],” Jusi (30) in Kivu, D.R.C. after receiving a $410 transfer.
Give crypto to support people in poverty this week and your donation will be TRIPLED thanks to a match from
@FTX_Official
and
@hosseeb
. And you'll get a free
#NFT
.
As of today, our international response to COVID-19 is live: you can give directly to households living in extreme poverty in the hardest-hit communities overseas. [1/4]
Together with
@Canva
we’re delivering money to people in extreme poverty in Malawi. They’re free to spend it however they like and decide for themselves how best to design their own future. More at
“With the first installment, I bought a boat... I straight away started using the boat to buy and sell fish. I make $2-3 per day." Josephine, a recipient in Western Rwanda, has since opened a coffee shop with the fishing profits. "Teach a man to fish," or help them buy a boat?
Nearly 2M Syrian refugees live in the area of Turkey hit by the earthquake. They already struggled to start a life in their new home and now face the difficult task of restarting again. Send them funds directly at
Joseph & Margaret received their first $500 transfer last month.
“We sat down as a couple and planned on how to make use of it. We built a barber shop and bought a battery, an inverter, and a shaving machine. Now we get an average of 30 clients per day” - Margaret
.
@GiveWell
won’t distribute all their funds this year, instead waiting for “future opportunities... 5x [as cost-effective]” as cash transfers.
Waiting isn’t the right answer after a year when wealth grew +$5 trillion as 150M people fell into extreme poverty. Here’s why: (1/8)
"I am beyond excited to take on the role of president as we embark on this endeavour – at a time when climate change and the pandemic make global poverty more urgent than ever." -
@RoryStewartUK
FACT: Refugees spend, on average, 10+ years in settlements or camps.
TODAY: GD is launching a new service to deliver cash transfers to refugees living in protracted, extreme poverty, starting in Uganda.
Learn more here:
"The aptly named charity
@GiveDirectly
has run a series of ever-larger experiments designed to test the effectiveness of cash payments... When families have full freedom to choose what to spend aid on, they do so effectively."
Students in Malawi often miss school because their parents are unable to afford the fees. When they are in class, they may struggle to focus due to missed meals. A basic income can change that ⬇️
"Instead of being sent, for example, wheat from the U.S. that they didn't want which they then had to sell in order to get something they wanted, we actually trust people. We give them cash and let people determine what their priorities are." -
@RoryStewartUK
on
@SkyNews
(3/3)
GD’s landmark universal basic income initiative kicks off today in Kenya. Thanks to all who have rallied around the idea that UBI needs to be rigorously tested and backed this initiative.
We’re rapidly scoping a cash response to provide money immediately to survivors of last night’s devastating earthquake in Morocco. Support our response ⬇️
“With the first transfer, I was able to purchase and install my own welding machine. The machine cost [~$350]. I used to get an income of [$0.92]; now I get [~$4] on average per day.” Nicholas in Bomet, Kenya plans to use profits to buy add'l welding materials & build a house.
What happens if we give everyone 'free money'?
@BBC
profiled a couple basic income studies, including our 12-year study in rural Kenya, to answer just that in a recent mini-doc:
I sent some!
You should too! GiveDirectly is doing great work in distributing funds directly to the world's poorest.
They take crypto: (they don't yet take DOGE directly but maybe that can change☺️☺️)
Launching the largest guaranteed income program in the South with
@theGROfund
today. The In Her Hands initiative will provide $850/mo for 2 yrs to 650+ Black women experiencing poverty in Georgia — 429 incomes have been fully funded, with 221+ to go: (1/4)
These are tough times, and those who are disadvantaged are at risk of becoming even more vulnerable.
We wanted to share that we’re planning to offer emergency cash relief for those in need due to COVID-19. More details to come soon.
Last week, we launched an emergency response getting cash to every urban refugee in Rwanda. Since many refugees don’t have SIM cards – which are necessary to receive transfers – we ran a registration event in Kigali w/ UNHCR to get recipients set up.
"[Cash aid] is used very, very well and everyone in the household understands generally that this is an extraordinary opportunity to turn your life around." -
@RoryStewartUK
on
@BBCWorld
(2/3)
Stephen is the owner of a furniture workshop. While he's not a GiveDirectly recipient, his shop has done particularly well since his neighbors received transfers — he told us many customers buy beds with their transfers, and he's been able to turn a profit of $350 per month.
With ~200K people reached,
#Project100
COVID-19 response is the largest privately-funded cash aid program in U.S. history. Last week, we sent the final batch of one-time $1,000 payments.
Here’s how some folks used their funds: (1/7)
"I was doing my bicycle repairs at about 7:45am when I got a call from my wife who was overjoyed that we'd received money from GiveDirectly...
We'll set up a bicycle spare parts shop with $200 and with the rest we'll buy a cow & renovate our house." - Paul, last month in Rwanda
Anica received $1k from GiveDirectly last week and told
@washingtonpost
: “I was like, no this must be a lie … I thought it was a scam, honestly... But I received a card in the mail the day before the 28th and got $1,000 dollars. I was like ‘Oh, my gosh.’”
Jean works as a health surveillance asst. and sells juice ‘freezes’ for an extra 60¢/day. Even with this income, she couldn’t afford school fees for her sons.
She used her 1st transfer to re-enroll them: Rogbert to finish high school & Egbert to start a degree in public health.
Rory Stewart is transitioning from GiveDirectly’s President to Senior Advisor, a role focused on government projects & major programs. Samuel Mwamburi Mwale will be the Interim President. We're proud to bring in such an exceptional Kenyan leader. More at
"I have always dreamt of having a permanent, spacious house – a house that will last for many years to come, even long after I am gone." Zosi, 82, spent her ~$900 transfer building a new one-room home, which she plans to leave to her caretaker nephew.
“After divorcing my husband in 2019, I embarked on securing myself a good and comfortable home with iron sheets. I grew tired of cutting grass every year to thatch my house.” Hawa in Malawi received $ in Dec and will finish her house by rainy season. To new beginnings, Hawa!
@BarackObama
@rgay
@SheaSerrano
We’re launching emergency cash relief for families impacted by COVID-19. You can give directly to low-income households in the hardest-hit communities here:
Hiring a Growth Associate to accelerate our efforts driving cash to recipients. You’ll need to be versatile and resourceful – w/ ability to navigate complex ops & research data, tell a compelling story, and test tactics to get the word out on cash. More:
In the past weeks, we’ve delivered $1,000 to nearly 5,000 U.S. families impacted by COVID-19. Today, we launched
#Project100
to deliver $100M in funds to 100,000 families in partnership with
@FreshEBT
and
@Stand4Children
. Learn more: .
Today, GiveDirectly teams across the globe cut the cake to celebrate a milestone: reaching over 1M households in poverty with $500M+ in cash transfers. (1/3)
“When GiveDirectly said they’d give us money, I immediately made a budget because with no plan you can waste it. I got this machine to process the cassava I’m growing. I designed it myself and showed it to a machinist.” (2/3)
This morning, we sent $112 emergency payments to 5,100+ flood survivors in Kogi through mobile money.
These are our 1st transfers in Nigeria, home to the world's 2nd largest pop. in extreme poverty (65M). We can reach many more people with your support:
To visit the doctor for her leg medication, Sidi had to hire a taxi every other week. This spring, she used ~$400 of her cash transfers to buy a used motorbike. Now her grandson drives her on her errands for free.
“The idea that there is a human being in this world that I can take out of poverty for $22 a month is really powerful. There aren’t many cooler things you can do with your money than that.” Hear more from Michael Faye on
@adamconover
's Factually:
Mugabo did not receive a cash transfer, but he’s made over $400 improving the homes of people who did. He & his crew have followed behind GiveDirectly's enrollment, working in 13 villages in the past 5 months. (1/2)
Starting this week, we'll be sending $1k each to people on SNAP who have been hit hard financially by COVID-19. Most will be single mothers. Donate here:
Systemic and structural racism is embedded in our country. We support the people raising their voices peacefully to drive forward progress. To see real change in inequities, we need more than words — we need concrete action. What we’re reading: 1/5
How are people spending their basic income? We asked 20 people in our pilot village and, unsurprisingly, no two people chose to spend their money the same way.
#BasicIncome
#UBI
So, we’re sending the first batch of payments next week. In partnership with
@FreshEBT
, we’ll be signing up the poorest households enrolled in SNAP and living in the areas worst affected by COVID-19. Most recipients will be single mothers. Each will receive $1K. [6/7]
These exciting findings reflect an important fact:
#cashtransfers
allow parents to invest in what they need most. Similarly, a 2018 study found
@GiveDirectly
payments were better at improving childhood health than an education program for new moms =>
Breaking News: Cash payments for low-income mothers increased brain function in babies, a study found, with potential implications for U.S. safety net policy.
"I decided to open up a shop where we sell women's shoes. When I received my transfer in March, I used it to buy shoes and stock up the shop. The business has been open for a week and I've started attracting customers." Nancy in Mathare, Kenya no longer searches for casual jobs.