Businesses that deliver both social and business returns have the potential to substantively reduce poverty around the globe. Despite the economic and social potential of these innovative, inclusive business initiatives, small and medium-sized enterprises are chronically underserved by the formal financial sector. Larger companies are for their part constrained by the requirement to show financial returns within a relatively limited time frame which sometimes limits their ability to source internal capital for such business models.
An increasing number of private investors, donors, foundations and impact investors have taken up this challenge by creating new instruments to finance pro-poor, innovative business models. These include social investment funds, challenge funds and innovation tournaments aimed at enabling the start-up and growth of innovative, inclusive business.
Join the Business Call to Action for a webinar discussion with two of these investors, Acumen Fund and the Africa Enterprise Challenge Fund who will share how they mobilize alternative sources of funding to make great ideas a reality. Register for the webinar.
Date: March 24,2011
Time: 10:00 am
To achieve inclusive business growth and scale, companies not only need to have the right products, services and business model, but also the appropriate management practices. Base of the pyramid (...