EBay founder and chairman Pierre Omidyar in Delaware, December 7, 2009. REUTERS/Tim Shaffer
Omidyar Network, the philanthropic investment arm started by eBay founder Pierre Omidyar, has invested $493,000 into an experiment giving people in Kenya free money.
The experiment, put on by the charity GiveDirectly, tests an up-and-coming solution to poverty known as basic income. People under basic income receive a set amount of money on a regular basis to cover expenses like rent, food, and clothing.GiveDirectly is running a small pilot in just a few Kenyan villages at present, but once the full experiment launches in a few months it […]
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