“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.” – Muhammad Yunus, author of Creating a World Without Poverty.
Charity is critical. Its importance lies in giving relief to those who are in great destitution from what are often unbearable circumstances. However, giving food, medical care, clothing, and other charity to the poor is just the beginning point to solving the issues of poverty. If we are to end extreme poverty, two things must happen: We must create jobs for those lacking opportunity, and we must do so for women. This is the gap that Fashionable wants to fill.
To be clear,Fashionable is not a charitable model of business. We believe that the end of generational poverty will come when people are able to provide for themselves. We believe that social businesses whose aim is to alleviate poverty should use their business skills to create job opportunities for the poor rather than give them more charity. What we seek to give to those living in poverty is opportunity by purchasing goods from them and helping those businesses grow and employ more impoverished people.
Our business model is not creating goods in a strong economic country, selling those goods in the West, and then giving charity to developing countries. This still leaves the developing country out of the opportunity for economic growth and keeps them in a cycle of dependency. We believe in doing the manufacturing in the communities we wish to impact and creating jobs along the way.