With Reid Hoffman’s Backing, Development Economists Build Segovia, A Startup That Tackles Poverty

 Six years ago, Paul Niehaus and Michael Faye were two Harvard-trained development economists who began a small, private experiment in East Africa. Instead of donating food, bedding or medical care or offering high-interest micro-finance loans, their model was just to give families cash. They gave families unconditional, cash grants of about $1,000 — or the equivalent of a… Read More