This multipronged framework will use information technology as its core driver to enhance lives of those in developing nations. It provides a framework so that those living below the poverty line are able to get access to basic needs, health care and create awareness to the international community. This model is not new but it does have some personal input to its viability and sustainability. This will create avenues for crowdsourcing and crowdfunding. Before we continue, we must first define the three triangles. Working in the ‘rule of three’ keeps a systematic process simple and its simplicity to handover.
The Red triangle represents Key Peformace Indicators(KPIs). This will be associated with Key Result Areas(KRAs). For example, the government may choose a KRA to be: increase educational capital in regional areas. The KPIs for this could be class attendance, school dropout rates and hours spent on low-intensive vs high intensive class programs.
The Green tirangle represents statistical and knowledge management kept by the Level 1 Organisation. The information received from this area would feed to be packaged for international impact investors and KPI feedback for government agencies.
The Orange triangle represents social media platforms such as; blogs, facebook and twitter. This branch will also manage 2-way information transfer. Besides social media interaction, this branch will be a medium to intercept or receive SMS or other forms of ‘intangible’ messages and disseminate the information to the correct external agencies. For example, if a student is hurt in school and needs medical attention (assuming there is no direct medical services the teachers can contact), this branch can disseminate this information to the appropriate authorities and send help. Furthermore, this department will take note of economic activity and social meetings/happenings to keep a log.
Do not see these three triangles as separate, but instead three areas that have to interact so that symmetric information can be obtained.
Let us now paint a picture;
At Level 3, local/village communities carry out their normal activities. They may use social media to interact with each other and/or using basic SMS services to interact with each other and level 2 organisations. At level 2, the organisation keeps track of the information by attending local meetings, sport events, festivals and other social gatherings. They make themselves known to the local communities and make apparent the services they are able to provide to them; counselling, micro-finaincing, assistance, labour options and even able to assist them to sell products to the international community. The Level 2 organisation will keep a statistical log of any valuable information for the Level 1 organisation and feedback appropriate data for KPIs. The level 1 organisation will consist of international and local professionals that will use the data to promote ‘Impact Investing’ options to international investors and appropriate KPI information to the government. These informational sets can be sold to those who are concerned with it.Various informational sets can build the organisations’ portfolio and create an avenue for a sustainable income stream to fund the organisations vision.
Story telling time;
A local may wish to maintain a business through micro-financing, thus they approach a Level 2 organisation for these services. Alongside the provision of funds, the level 2 organisation requires them to keep a record of employment, turnover, profits and other valuable information. This information will be passed on to the Level 1 organisation, and the data will be compiled for the impact investors (financial viability of investing in that region and reflects economic industry drivers in that area) and secondly, the government can see how developments have fared since the last injection of foreign aid or make Cost-Benefit conclusions of certain public policies.
This framework in this post in just the tip of the iceberg. There are many avenues for sustainability, but the key driver is that, it must be developed from a ‘bottom up’ approach. Impact Investing is a new revolution awaiting to be awakened!