Livelihood BASIX Inc.
Livelihood BASIX Inc. (LBI) has been established for the charitable purpose of relief of the poor, particularly in Africa and Asia. It will achieve this purpose by developing, coordinating, undertaking and promoting economic development for low income households.
One of the biggest challenges facing development practitioners and policy-makers in the world today is how they can assist large numbers of people in the developing world to have a meaningful livelihood which sustains them and ensures they can live with dignity and hope for the future. A livelihood is a set of economic activities, which may include self-employment and/or wage employment, and which enables a person to meet individual and household requirements. A core intervention has been to provide access to financial services. However, a bank account is of little use to someone if they have no means of securing a livelihood. Therefore, development oriented programs find they increasingly need to focus on livelihood promotion if they really wish to help the poorest members of society find a way out of poverty.
Livelihood interventions may take a spatial approach, e.g. addressing problems in a degraded watershed, or a segmental approach, e.g. addressing problems of the landless or the disabled, or a sectoral approach, e.g. addressing problems of dairy farmers or cotton growers. A holistic approach involving a range of cross-cutting interventions is more complex but is essential to address the problems of the poorest or people living in remote areas. LBI will build collaborations with livelihood promotion institutions worldwide to build local capacities to provide livelihood services in the areas of agricultural development and food security, development of vocational skills and financial inclusion. The focus of activities will be in the most under developed regions of the world.
The specific activities that will be undertaken to achieve the purposes are:
Agriculture and Food Security:
In the agriculture sector, LBI will work with smallholder and marginal farmers to increase their productivity – from subsistence farming to surplus generation – and economic conditions. It will also work to increase employment in the rural areas through increased farm work to discourage rural-urban migration. Examples of programs include:
- Beneficiaries will be poor smallholder farmers that do subsistence farming
- Transfer of technology from lab to field for increased yield
- Risk mitigation through improved application of pesticides and fertilizer
- Environmental sustainability through appropriate use of environmentally friendly products
- Forming producer groups of poor small holder farmers for increased bargaining power at input and output stages
- Establishing market linkages for fair and timely remuneration to farmers
- Knowledge dissemination and training for better farm practices
- Use of mobile based technology for information dissemination on markets
- Documenting best practices for application and replication
Development of Vocational Skills:
In the human resources and vocational skill areas, LBI will work with rural populations, with a focus on poor youth and women. LBI will assist key local government institutions to develop best practices for vocational training on a regional basis as well as providing direct training of skills to individuals for employment and self-employment. Examples of programs include:
- Beneficiaries will be poor rural youth and women and urban population working in informal sector
- Institution building and strengthening of local institutions
- Providing skill based training for employability
- Working with governments and local agencies for employment generation
In the financial inclusion sector, LBI will promote training to encourage savings behavior, credit availability, micro-insurance for risk mitigation and technology enabled affordable remittances.
- Beneficiaries will be the financially underserved
- Capacity building of financial institutions
- Demand led financial products for the financially excluded
- Spreading financial literacy
- Applying newer technologies to reduce transaction costs
LBI will raise funds from high net worth individuals, foundations and government aid institutions around the world to work for elimination of poverty in Africa, Asia and elsewhere. Some of the work may be funded through fee based consulting assignments received from other organizations who recognize LBI’s expertise for serving the under and un-served populations.
The activities will be conducted under the supervision of LBI by local institutions and individuals, contracted experts whether individuals or institutions and volunteers and NGOs. All funds provided to other organizations will remain subject to LBI oversight and contractual conditions for reporting and return of funds which are not used exclusively to advance the charitable purpose of LBI. While LBI does have a close relationship to Basix India, and some projects may be conducted by Basix, the LBI board of directors will adhere to its conflict of interest policies to assure that any compensation paid to Basix India or any of its subsidiaries is wholly within or below fair market value pricing. In addition, as with any contract projected project, Basix India will be subject to reporting claw-back provisions of the LBI contracts to assure that any funds provided by LBI are solely used to promote the tax exempt purposes of LBI.