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We are pleased to release the 2018 GroFin Impact Report

Posted By Shailen Neewoor, GroFin, Friday, August 16, 2019

"Famous rock musician and philanthropist Bono once remarked that impact investing is an excuse for good people doing bad deals. We would argue that GroFin is about good people doing real deals. GroFin has invested nearly $340 million in 708 small and growing businesses (SGBs) and in doing so helped them to sustain over 28,000 jobs. These deals might not hit the headlines or generate “alpha returns”, but they do deliver real impact alongside positive financial returns,” Guido Boysen, GroFin CEO.

This year we have changed the format of our annual Impact Report by adopting the Integrated Reporting guidelines. This brings GroFin in-line with global best-practice to report on how we create value by leveraging the various forms of capital at our disposal. This framework enables us to look at the business in an integrated way.

The report provides as an overview of the following:

  • GroFin’s business model and strategy
  • Our biggest accomplishments during the past year
  • The financial performance and impact generated by each of our six active Funds
  • The successes of our clients and how they are changing lives in the communities where they operate.

We are forever grateful to our clients, investors, funders, partners, and staff without whom our success and impact would not have been possible.

Visit the report website

Download the report

 Attached Files:

Tags:  A Access to Finance  Access to Finance  Africa  Agribusiness  Agriculture  ANDE Members  ANTHOS  Base of the Pyramid  Business  Business Models  Calvert Impact Capital  capacity development  CDC  DFID  DGGF  East Africa  education  energy  entrepreneurship  finance  FINFUND  FMO  gender  Global. Development  IFC  impact  impact assessment  impact evaluation  impact investing  impact investing; gender lens investing; gender; w  impact investment  impact management  impact measurement  International Finance Corporation  Investors  Mastercard Foundation  MENA  missing middle  Open Society Foundations - Soros Economic Developm  Philanthropy; impact investing  Scale  SDGs  SGB  SGBs  SGBs; accelerators; East Africa  SGBs; small and growing businesses impact investin  SGBs; West Africa; Senegal; Africa; MENA; Entrepre  Shell Foundation  Skoll  small and growing agrobusiness  small and growing businesses impact investing  smes  social impact  Soros Economic Development Fund  South Africa  supply chain  sustainability  sustainable development  Tanzania  Triple Jump  Uganda  USAID  West Africa  Women  World Bank Group  Youth 

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G20 Platform launches Inclusive Business Survey

Posted By Kathleen Mignano, International Finance Corporation, Friday, February 26, 2016

 

On behalf of the G20 Global Platform on Inclusive Business (GPIB), I would like to invite you to participate in the GPIB Inclusive Business Survey. The survey will take less than ten minutes of your time, and your input will help us to build the conversation with policy-makers around inclusive business. We want to hear what policies have helped you to engage with people living at the base of the pyramid (BOP), as well as what policies you think need to be changed. 

 

The G20 has recognized inclusive businesses as having the potential to be a driving force for inclusion and sustainability. These are companies that extend last-mile water, power, and mobile phone service to customers in rural areas, or that train, finance, and create markets for small farmers. They treat low-income patients or teach low-income students. If this sounds like you, we encourage you to give us your input. Whether your experience is as a multinational corporation, a local business, or a start-up social enterprise, if you are a commercially-viable organization providing goods, services, or livelihoods to the BOP, we want to hear from you.

The GPIB was endorsed by the G20 in 2015 and is jointly implemented by the International Finance Corporation (IFC) and the UNDP. Designed as a global partnership, the GPIB connects policy-makers and business behind a mission that is both pro-poor and pro-business. GPIB strives to help governments support inclusive companies more effectively and to facilitate the adoption of inclusive business policy.
  
Survey results will not only be discussed at the G20 Development Working Group, they will also inform GPIB’s future research efforts. You can find the results on the upcoming GPIB website.
 
To take the survey, click here: www.ifc.org/inclusivebusiness/gpibsurvey

Tags:  CSR  G20  GPIB  IFC  Inclusive Business  Policy  Shared Value  Social Enterprise  Survey  UNDP 

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Learning from What Works: IFC's New Report on Inclusive Business

Posted By Kathleen Mignano, International Finance Corporation, Thursday, November 20, 2014

 

The success of local businesses is often lost in the discussion of ‘BOP business’ or ‘inclusive business.’  While case studies abound on many of the well-known multi-nationals trying to break into these markets, why are we not learning more from companies that are already succeeding with the Base of the Pyramid? 

 

In the past 10 years, IFC has committed over US$11 billion to more than 400 companies with inclusive business models that reach the BOP. These are companies that are doing commercial business with the BOP.  They span 90 countries and a variety of sectors, including agribusiness, education, health, utilities, information and communication technology, financial markets, and housing. In 2013, the inclusive businesses in IFC’s portfolio reached over 90 million people, including farmers, students, patients, utility customers, and micro borrowers.

 

IFC’s inclusive business clients are generally not multinational companies, but rather medium to large local companies, or sometimes, the multinationals’ local subsidiaries. Many of them are not new to BOP markets.  In fact, most have been at it for a long time. 

 

Our latest report Shared Prosperity through Inclusive Business: How Successful Companies Reach the Base of the Pyramid summarizes the practical lessons that we can learn from IFC clients that successfully reach these low-income people as suppliers or customers. We analyzed our portfolio of clients, looking for the common factors that enable these companies to reach the base of the pyramid.  There are lessons for each phase of the value chain—including procurement, product development, distribution and retail, and marketing and sales. The lessons—each of them illustrated with a profile of an IFC client—can also be adapted to the context of a particular sector or region. 

 

We believe that the lessons we can learn from these companies -- many of which aren’t as familiar to those in the development community -- could prove extremely valuable for those companies that are still trying to find success with the BOP.  To many local companies, these lessons may seem like a normal part of doing business, but to others, they may be the missing piece to their business model. 

 

The report addresses four common challenges that companies face when engaging the BOP:

1. Sourcing from smallholder farmers

2. Appealing to value conscious consumers

3. Maximizing access while reducing cost

4. Unlocking ability and willingness to pay

 

Among the 22 companies mentioned in the report is Ideal Invest, the largest private student lender in Brazil. The company came up with an alternative way to price its Pravaler loan. The student is responsible for only the principal amount, while the partner universities cover the interest portion—thereby making the loan more affordable for low-income students.

 

Also included in the report is a profile of Kenya Tea Development Agency (KTDA), one of the largest tea companies in the world. In order to source from smallholder tea farmers, KTDA offers comprehensive services including training, provision of inputs, transportation, processing, marketing, and access to finance. These techniques allow KTDA to expand and diversify its supply base and offer locally-sourced quality tea, while at the same time, improving the incomes of its suppliers.

 

There is no one magic combination of these solutions that will work for every business, nor is the combination of solutions static over time.  Once a company has built these solutions into its business model, it is imperative to continue refining them to find the most effective combination. 

 

As a member of the World Bank Group, our goals are to end poverty and to boost shared prosperity. We believe that inclusive businesses are a valuable piece of the puzzle to help us get there.

  

To download a copy of the report, click here.

 

For more information on inclusive business at IFC, visit www.ifc.org/inclusivebusiness

Tags:  Base of the Pyramid  Business Models  IFC  inclusive business  Prosperity 

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IFC LA & Caribbean Conference - Presentations available

Posted By Rebeca Rocha, Aspen Institute, Wednesday, May 8, 2013

In April, the IFC held a conference to discuss SMEs in banking: " The IFC Latin America & Caribbean SME Banking Conference" in São Paulo, Brazil. Professionals from various countries participated in discussions on how to support the SMEs development in the region.

Check some of the presentations here (click on the presentations tab).

Tags:  banking  Brazil  Caribbean  IFC  Latin America  presentation  Sao Paulo 

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