WaveBay Capital commits its efforts to reducing (rural) poverty. Nor markets nor charity alone can solve the problems of poverty. Consequently, new approaches are required to provide technical and financial opportunities for self-empowerment. Also, we need to acknowledge how challenging it is to build impactful large-scale and sustainable solutions in these environments. In conclusion, there is no one size fits all solution.
We at WaveBay Capital work with the definition by Amartya Sen, who concluded that poverty is a multidimensional phenomenon. This conclusion led to the introduction of sustainable development frameworks, which began to drive our human-centred approach to poverty reduction. Furthermore, these frameworks revealed the need for strategic partnerships between private, governmental and other stakeholders to effectively and holistically tackle the issues of poverty in the society.
Thus, it is glaring that no stand-alone sector (markets/charities) can combat poverty effectively. Therefore WaveBay Capital has a unique integrated approach to development. The example of South Korea’s rural development approach of “Saemaul Undong” emphasizes values, community, cooperation, and growth lead our process.

Having understood the need for strategic partnership and collaboration with other societal stakeholders, we present our contribution through empowerment schemes and the creation of opportunities that drive transformation. Consequently, we use the effectiveness of the bottom-up, human-centred and localized approaches to combat poverty effectively and transform ecosystems. These approaches reveal that most social enterprises lack the strategic partnerships that provide them with the necessary funding and other resources to execute their set objectives. WaveBay Capital will provide hands-on organizations financial, technical, and advisory support.