The Super MoneyMaker Pump—yes, that's the real name—sucks up water from sources as many as 30 feet below the ground, can spray it up to 40 feet high, and can even push it through 1,000 feet of hose to cover a larger section of land. In all, the pump can irrigate two acres of land, and costs only around $100.

MIT professor Martin Fisher and his team at KickStart, a nonprofit, invented the pump for small-scale farmers. Since it's human-powered and easy to use, it allows them to irrigate crops all year round, instead of just waiting for the rainy season.

More than a billion people worldwide live in poverty—not a gadget hound's I-can't-afford-an-iPhone poverty, but devastating, living-on-a-dollar-a-day poverty. These folks have trouble paying for food, staying healthy, getting an education, and doing many of the other daily things you and I take for granted. In future postings of this column, we'll discuss new tech that tackles each of these specific problems. But to kick things off, lets look at a new program that aims at the most obvious problem of the poor: They need more money.