Tag: poverty

Happiness and Hazelnuts

Daniel Spitzer digs into Bhutan’s soil to make a profit and sustain livelihoods

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Courtesy: Article by David A. Andelman, Forbes Asia:Feb 05, 2010
Daniel Spitzer’s first shipment of 3,000 hazelnut trees arrived in Bhutan in December, each thumbnail-size and packed in 60 Pyrex petri dishes. The refrigerated plantlets headed straight for a hilltop laboratory-nursery just ten minutes from the airport. When they reach nearly 3 feet tall, they’ll be planted on a hilly tract in the remote eastern province of Mongar. Three years into the project, with six more ahead before marketable nuts begin dropping, it represents the first major foreign direct investment in Bhutan’s history and the realization of a dream the 53-year-old American entrepreneur has been nursing for three decades. Continue reading Happiness and Hazelnuts

Children overworked

Child workers work far beyond the time and day limits set by the [Bhutan’s] Labour and Employment Act, according to a study conducted by National Commission for Women and Children (NCWC).

The child labour study, which was conducted by sampling 650 child labourers between 6 and 14 years of age from six dzongkhags – two each from three regions – in the country, found that 37 percent of the children worked between eight and a half hours to 12 hours, and 20 percent worked for more than 12 hours a day. Eighty-nine percent of them started work before 8 am. Continue reading Children overworked

Microfinance policy crucial to alleviate poverty

Rural credit is crucial in improving lives in the farm

Bhutan needs to adopt a national policy on micro finance. This was the message at a seminar on creating a suitable environment and regulatory framework for micro financing yesterday.

“There is no national policy at the moment,” said Dr Pema Choephyel, a BDFCL agriculture specialist who spoke at the seminar. With a national policy, Dr Pema told Kuensel, rural poverty alleviation would become more effective and faster. “We’ll be able to focus and target groups critically in need of credits,” he said, “It would also steer us in the right direction on how micro financing actually should be instituted according to international standards.”

More than 20 percent of Bhutan’s population live on less than US$ 1 a day, the threshold considered necessary to maintain an adequate standard of living. The government plans to reduce this poverty rate to less than 15 percent by 2013. Continue reading Microfinance policy crucial to alleviate poverty