VF APPROACH TO CREATIVE DEVELOPMENT FINANCING
Vihara Foundation mission to work for the cause of poverty alleviation and climate change in support of the 2015 United Nations Sustainable Development Goals (SDG’s) demands effective funding mechanisms.
Fortunately, in the case of the Vihara Foundation’s proposal, implementation costs are not foregoing and only initial, limited to the design, testing and expansion phases of its projects only; a unique framework for development self-financing is being developed on the basis of harnessing previously unaccounted and unqualified equity that exists in the poverty stricken economy.
Also, some technical problems extend to national and international domains: for example, instituting creative self-financing instruments for development, and, countering the long standing problem of inequitable distribution of wealth; these require strong legal representation with justifiable expenditure of costs targeted to deliver across the board sweeping results for the benefits of supporting creative development financing.
Reckoning poverty and climate change as technical problems, and designing and testing solutions to address such demand the inputs of technical experts with associated incurrence of costs. THESE COSTS MUST BE MET, BUT DO SO WITH GREAT DIFFICULTIES!
With regards to financing the work and projects of Vihara Foundation, extensive work is being been conducted, and there is strategic action to introduce creative financing instruments in support of project development needs. One such program area is Rock against PovertyTM.
The Vihara Foundation (VF) is a US 501(c)3 non-for-profit registered in the State of New York. VF was commissioned in April 2009 to formalize and incentivize the design and implementation of whole-system business and scientific modelling for poverty alleviation and climate risk management in Bihar/Uttar Pradesh, India, one of the most poverty stricken and challenging regions (developmentally) in the world (and according to the World Bank). Today, VF is engaging in humanitarian and sustainable project development not only in India, but in the Caribbean, Philippines, Australia and United States.
VF’s founding was championed by senior retired United Nations (UN) Ambassadors who saw the importance to collectively continue their work by supporting and encouraging young and motivated sustainable development practitioners to further the innovative ground and strategic development work being undertaken in India, including, innovating programs to support creative development financing. To date, the Vihar Poverty Project of the VF stands as one of the few promising non-govt driven initiatives to scalably uplift marginalized farming communities of North India, and support mitigation of climate risks (which threatens the livelihoods and sustainability of millions of people subject to direct and indirect climate impacts).
Over the years, VF has also seen its mission evolve to include economic development advisory to developing nations of the Caribbean, as well as natural disaster planning, relief and climate impact resiliency for hurricane affected regions. To sustain these robust non-profit mission, project developments, and good causes, VF is also associated with implementation of creative development financing programs, i.e., Rock against PovertyTM.