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FAB Idea: Give Every Child On The Planet $100 In The Bank At Birth.

In Business, India, People Making A Difference on April 11, 2010 at 9:24 pm

The idea behind FinancialAccess@Birth (FAB) campaign is simple – giving every newborn child in the world an online bank account with $100 in it.

Bhagwan Chowdhury, a finance professor at University of California, Los Angeles is behind the FAB campaign along with an impressive list of founding members including the former finance minister of Mexico, professors of economics at Princeton and Harvard, and other social entrepreneurs. Read the interview with Bhagwan Chowdhury in SmartMoney.

A simple idea with a grand vision that they want to make a reality by 11/11/11. Imagine how far a 100 dollars would go in some parts of the world. We love it!

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