How Artificial Intelligence Could Democratize Financial Services In Asia

At the Fujitsu factory in Japan, a significant decline in demand for semiconductor computer chips meant the company had large empty factory space sitting unused. A new business approach allowed them to dually address both the need to evolve their business model with a global decline of viable agricultural space needed to grow the world's food. Now, the factory houses indoor vegetable gardens, soil free and less resource-heavy than traditional farmland.

The rapid development of emerging economies across Asia and Africa is lifting hundreds of millions of people out of poverty - but there is much debate as to how to best structure this growth. If these economies evolve in the same way as in the West - with unchecked, excessive resource consumption and heavy pollution - the planet may be on the fast track to disaster. Earthrise explores how these nations can grow sustainably using improved, eco-conscious technologies like renewable energy and eco-friendly farming practices.

The Holberton School, a San Francisco "start-up" university with a two-year curriculum, aims to provide an affordable and estimable computer science education while removing barriers to knowledge -- age, gender, ethnicity, past professional life -- typically confronted by minority and low-income students across the nation. By "teaching the population frozen out of the internet age" Holberton demonstrates how altered admissions processes and low-cost tuition plans imbue the tech sector's workforce with a more diverse array of qualified candidates.

Fariel Salahuddin was determined to tackle the extreme lack of access to fresh water she encountered in rural Pakistani communities, but she wanted the model to be sustainable, not dependent on donations. Most of the communities didn't have regular access to rupees to help sustain their solar water pump micro-enterprises - what they did have, however, were goats. Salahuddin set up a scheme where villagers could pay for their clean water access with livestock instead of cash, which she then sells using Facebook at high rates during Muslim festivals to generate a sustainable revenue source.

Pomegranate Kitchen in Wellington, New Zealand employees refugee women from around the world. The kitchen, which operates collaboratively rather than in a hierarchy, encourages these chefs to grow their cooking and managerial strengths as well as overcome cultural boundaries in order to become financially independent.

A benefit corporation called Burlap & Barrel brings together social enterprise work with quality products through the ethical production and distribution of single-source spices. The founders of Burlap & Barrel learned from previous business attempts and ethical quarrels to form a passion project that focuses on the quality, not quantity, of the spices.

Comal Heritage Food Incubator trains immigrant and refugee women to start their own businesses in the food industry. Comal offers coaching, financial support, and connections to social services. It also pays trainees, which has been vital to endure the food industry shutdowns during the Covid-19 pandemic. The group also ensures members have food, rent assistance, school supplies, or diapers for their children. They partner with the Denver Metro Emergency Food Network, delivering about 290,000 meals since the pandemic began. The model is working in other cities, including Seattle and San Francisco.

Philanthropies are funding “tough tech” startups that are developing technologies to cut greenhouse gas emissions and mitigate the effects of climate change. Since 2014, the nonprofit Prime Coalition has channeled more than $24 million from wealthy donors and foundations to 10 ventures focused on that goal. Not all of their investments, though, have paid off. Yet, some of these initial investments could lead to widespread solutions to the world’s climate crisis.

Grants for women living in refugee camps have helped recipients start businesses and learn new skills, allowing them to improve their quality of life. Additionally, the women created an informal cooperative and take turns investing a percentage of proceeds from each successful business into another member’s business.

Rwanda has a unique program that allows farmers to insure their livestock, such as dairy cows, productive pork, and chickens, against Rift Valley Fever. When animals die of the disease, farmers are compensated at a rate of 5.5 percent of the animal's value.