Benefits
Some of the benefits of Social Funds have been their ability to better reach poor constituencies, to reduce corruption and to introduce innovations. Social Funds have pioneered community-driven development (CDD), whereby community-based organizations (typically representing a few hundred people or less, often in rural areas) administrate funds themselves and choose where to invest them, thus increasing transparency and accountability for the use of funds. This approach also builds the self-confidence and capacity of local communities. It also helps projects to better meet local needs.
Read more about this topic: Social Fund
Famous quotes containing the word benefits:
“It is with benefits as with injuries in this respect, that we do not so much weigh the accidental good or evil they do us, as that which they were designed to do us.—That is, we consider no part of them so much as their intention.”
—Laurence Sterne (1713–1768)
“One of the benefits of a college education is, to show the boy its little avail.”
—Ralph Waldo Emerson (1803–1882)
“While greedy good-doers, beneficent beasts of prey,
Swarm over their lives enforcing benefits ...”
—Robert Frost (1874–1963)