Thanks Lee. So here we are living in the 21st century, in the most advance time, in the

most advance country, in the whole world and we have the technology to put rovers on the moon, we have the technology
to build tiny electronics and to actually fly underwater but at the same time we are living in a world were almost half the people

how do you do this. Whoops.

Where almost half the people are living on less than two dollars a day and almost one out of every five people is living on less than a dollar
a day and I always think that figure is very misleading. In fact the vast majority of these people are living on more like ten or fifteen cents a day and at
that kind of amount of money coming you really can't even afford the basics of a life. You can't feed your family, you can't get decent shelter, you can't buy
cloths.

Now I've been working in East Africa and Subsahara Africa which is very poorest place in the world. A place where 45% of the people are living on less than a dollar a day
40% of the people go to bed hungry every night. I went down there in 1985 to try to see what could we do to try to solve this problem. Now

to help people first of all you have to understand them

and the first thing you have to understand about poor people is that poor people everywhere in the world live in a cash economy.

It didn't used to be this way. It used to be you could have subsistence farming and you could get by with almost not money. In fact before the end of the cold war the governments of
poor countries provided highly subsidized goods and services to people. You really needed almost no money to get buy. All that has completely changed.
Now a days if you don't have access to money you can't feed your kids, you can't plant your fields, you can't get access to clean water, education or health care.
So the biggest problem in the world is that these millions and millions of people need a way to make money. We need to create millions of new jobs very, very
quickly in developing countries. And the companies that we all know about have uniquely failed to be able to do this. The large scale
private sector simply hasn't done it. Especially not in Africa. So what is the solution. Well when you take time to go live in these countries, you realize
that the poor people are actually, probably the hardest working and the most entrepeneurial people in the world. Basically you have to be. If you
don't work hard, you don't feed your family, you die. And they are incredibly entrepeneurial. We also know that a poor person can actually beg, borrow, or save a very small
amount of money. Maybe only $10 or $15 dollars to start something small. Maybe as much as a couple of hundred of dollars. How do we know this?
Because the informal sector all around the world is absolutely booming because people are doing whatever they can to scrape together
a few pennies because they need money to get by. But these poor people have no idea what kind of business to start. They don't watch TV. They
don't know how to do market research. They can't come up with new business ideas. They don't even leave their village. That's their first problem. Their second problem
is even if they have a new idea for a profitable business they can't access the right piece of machinery and tools which they can afford
to buy, afford to operate which is going to get them out of poverty. These technologies simply don't exist. It turns out they don't exist anywhere in the world, in particular they
don't existence in those small villages in Africa.

So how can you unlock this potential. Well in 1991 we established an organization called Kick Start with a mission to enabled millions over very poor people
to get out of poverty and we do this by developing and mass marketing very low cost technologies for very poor farms and entrepeneurs to
start profitable businesses. Well what in the world kind of small business can a typical, very poor person start. A typical very poor person is a farmer. In fact
one third of the people in the world are very, very poor farmers. 80% of the poor people in Africa are poor farmers. A poor farmer lives on 1 acre, 2 acres of land.
They have only one asset. That little plot of land. They have only one skill, basic farming. What kind of business can they possibly start. Well with one asset
and one skill you better use those two things to start your business. The best this poor farmer can do is
move from subsistence farming to commercial irrigated farming. Because with irrigation all of a sudden you can grow
three or four crops a year. You can grow high value fruits and vegtables instead of subsistence crops and what's more the best thing of course, you can bring it out in the off
season, in the dry season when the prices are high. It turns out you can make a huge amount of money with irrigated agriculture virtually anywhere in the world
but for a poor person there is no technology. Petrol pumps are far too expensive. No one has electricity when you are poor. Fewer10% of
the people in Africa have access to electricity. So we developed a line of manually operated irrigation pumps. This little stair master machine you stand one it. You walk back and
forth like this. You can pull water out of a well 30 feet deep. You can spray it through that hose pipe. You can irrigate up to two acres with this little machine. This particular woman
here, Janet, is a typical entrepreneur who bought one of these. She was widowed. Left on two acres of land. Absolute destitute with six poor children. She had to take here children out of
school. She had to beg from here family just to be able to feed those kids but she was entrepreneural. There was a little stream that ran through one corner of here plot. She had a bucket.
She took that bucket with her childern. went down to the stream and pulled water out of that stream and irrigated a little plot of cabbages so she could at least survive. she was
selling that little plot of cabbages one day in town and she saw this funny looking machine being demonstrated right here at the local
shop. This is our irrigation pumps. She realized if she could get this machine it would absolutely change her life. It took here 9 months to save up the money with extra
hard work with those poor kids to get a hold of that machine. She eventually did. Within the first year after buying that machine, that irrigation pump.
She irrigated the full two acres of the land. She employed two young men. She made $3200 in profit. This is absolutely
a huge amount of money in Africa and today we went back to visit here recently she has now rented two more acres of land. She's
got seven full time employees and what she is most proud of is all of her kids are in the best schools. Now anyone can sit here and tell one or two great stories, but
for us it has to be all about the numbers believe the people.

What happens typically for anyone on average who buys one of these irrigation pumps. They move from making a $110 net dollars a year, net
farm income to $1100 a year net farm income. This literally lifts them from below the poverty line into the middle class. For the first
time they can educate and feed their family, afford health care and think about the future.

Other numbers, to date, over 39,000 profitable new farming businesses and other types of businesses that we've promoted have been started by these poor
entrepreneurs. Today over 700 new businesses are being started every month and if you look at the new revenues from these businesses,

combined, they are already are over 0.6% of the GDP of Kenya where work and 0.25% of GDP in Tanzania. Just for
comparison, .5 % of U.S. GDP is all the revenues generated by Microsoft and Cisco. So these little tiny things are already making a
huge impact on a macro scale. And what's more is extremely cost effective. For every dollar that we spend to develop and promote the market of these
technologies as a direct result, these poor entrepreneurs in the first four years of operation generate $20 in new profits and wages. So you get a 20-1 bang for the buck.

We use donor dollars to design these pumps and other machines. We use donar dollars to develop the market for these pumps. We

are selling a big ticket item to the poorest people in the world. There is a massive market failure and you have to do a huge amount of
marketing and promotion to make it happen. We put in place a permanent and sustainable profitable supply chain where everybody makes money and continues
to make money so we can walk away from this and people can go on buying these pumps. 39000 profitable business making
$40M a year new profitable wages. $200 to take a family out of poverty for ever. What are we trying to do? Create a middle class in these countries because
without a middle class democracy can't work. If democracy can't work you can't turn around the economy. So this is where you have to start.

We have a brand new pump. I just brought one here. This is going to retell at $33. The other pump I showed you there retails $95. This pump you
can irrigate half an acre. Farmers will be making over $600 profit a year just from using this little thing. We just launched this last month. About 40
million of these pumps could easily be sold around the world and in the next three years we want to sell 80,000 and get these out them out there.
Take 80,000 families out of poverty. Thanks.