Yes, we certainly do see access to cheap capital as a solution. In some cases it's about creating viable vocational training. That may be teaching seamstressing or something that's viable in a particular region to give someone a livelihood, but in other cases it's about social entrepreneurship or giving access to capital to start small businesses.
One of the things I saw just last week in southern India was a fantastic NGO that is giving women access to small business ownership. One of them is related to fruit and cotton. For example, one of them was mangoing. A very small investment allowed them to buy mango, dry it, and then sell it at the market. It got them out of exploitative situations in cotton mills and in that way enabled them to have a future.
The goal is to pay off the debt. The local interest rate was running at more than 25%, which was very high. Within six months they were paying that off, scaling up the business, and employing more girls out of the mill.
One of the opportunities in an environment like that is to look for cheaper capital to seed those sorts of businesses so they can move and grow faster and not get caught in a debt triangle.
We definitely are investing in front-line organizations that are coming up with innovative solutions to provide cheaper capital for business creation—