In 2004, Theresa Carrington set out to address the issue of extreme poverty. Having grown up in poverty in the Midwest, she drew upon her life experiences to develop innovative approaches to ending poverty.
Today, Theresa and her team have pioneered a formula that sustainably ends poverty. Known as Ten by Three, the formula has been successfully replicated in eight developing nations, reignited more than 80 broken economies throughout three continents and positively impacted the lives of more than 8000 people and 32,000 of their family members.
Here is how the formula works: Theresa and her team buys ten artisan products a month at Prosperity Wages from an artisan for three years. The artisan is required to use part of their earnings to start three businesses. Within three years the artisan’s businesses grow to support them and they graduate from the Ten by Three Program. Theresa’s model is widely recognised, and she has received an honorary doctorate of humanities from Washington University in St. Louis for her pioneering work.