An estimated four billion people face subsistence living and extreme poverty worldwide. One way to address this is with enterprises that employ “cross-subsidy” business models. The Aga Khan Development Network has long employed hybrid financing structures like cross-subsidy models to support programs that improve quality of life for impoverished communities. Read the article by Dr. Mirza Jahani, CEO of Aga Khan Foundation U.S.A., and Elizabeth West, Senior Investment Officer at AKF USA, in the Stanford Social Innovation Review here.
By Mirza Jahani & Elizabeth West