Does it involve magic beans? 😜
Seriously, though, I am interested to hear about alternatives. As you know, I'm big on saving as a route out of poverty. However, collective approaches whether that's supporting micro enterprises or clubbing together in things like mutual funds (credit unions, pardnas) are also good.
Beans work for me!
I just think it has to be a combination of local, community led schemes to lift people from poverty. Microfinance in respect to loans savings and most importantly , community trading partnerships can reduce cash payments which would then at least allow them to save...or use the savings to service small loans.
As always, it's difficult to seriously pitch as one size never fits all but generally, it's about reducing spending first without causing additional hardship or discomfort.