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Telling Our Story: Inclusive Business

Telling Our Story: Inclusive Business

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Published by IFCpublications
The "Telling Our Story" series puts a human face on IFC's work, featuring short profiles of leading projects and the people whose lives they improve. This issue, "Inclusive Business," shows how IFC supports clients investing in inclusive business models—offering critical goods, services, and livelihoods to the poor in financially sustainable, scalable ways. It features stories on access to infrastructure, health and education, income, finance, and markets. (April 2010)
http://www.ifc.org/tellingourstory
The "Telling Our Story" series puts a human face on IFC's work, featuring short profiles of leading projects and the people whose lives they improve. This issue, "Inclusive Business," shows how IFC supports clients investing in inclusive business models—offering critical goods, services, and livelihoods to the poor in financially sustainable, scalable ways. It features stories on access to infrastructure, health and education, income, finance, and markets. (April 2010)
http://www.ifc.org/tellingourstory

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Categories:Types, Brochures
Published by: IFCpublications on Apr 01, 2011
Copyright:Attribution Non-commercial

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08/18/2011

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Telling Our Story: Base of the Pyramid Investments
INCLUSIVE
BUSINESS
 
 Message from the Executive Vice President and CEO
The Private Sector and Inclusive Business Models
IFC’s vision is that people should have the opportunity to escape poverty andimprove their lives.Increasingly, we do this by supporting clients who are investing in inclusivebusiness models—oering critical goods, services, and livelihoods to the poorin fnancially sustainable, scalable ways. The private sector can play a pivotalrole in meeting the needs o those at the base o the global economic pyramid.Landmark research by the World Resources Institute and IFC has shownthat approximately 4 billion people, or roughly two thirds o the world’spopulation, live at the base o the pyramid. Each o these hard-workingpeople makes ends meet on less than the equivalent o $3,000 per year inlocal purchasing power. Beyond low incomes, they have signifcant unmetneeds, depend on inormal or subsistence livelihoods, and pay what we call apoverty penalty”—higher prices or basic goods and services, oten o lowerquality, than wealthier people pay. At the same time, the working poor are creative and resourceul economicagents with an appetite or change. Pioneering companies are fnding waysto tap into this potential, integrating low-income producers and consumersinto their value chains. By using inclusive business models, local companiesare investing in supply and distribution chains that provide better incomeopportunities and more goods and services or the poor. These are coreactivities or these companies. They are designed to scale up and reach
Cover Photo:IFC is helping bring the mobile phone revolution to remote parts of rural India, targeting villageentrepreneurs to become sales reps for client Idea Cellular
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commercial viability within a determined time frame. This is an important role for the privatesector: to be able to invest in business models that include the poor as full economic partners.IFC’s clients are at the forefront of this movement. And you’ll read about their experiences inthis issue of 
Telling Our Story 
.Building on these pioneering efforts—and the development imperative—our challenge now isto greatly increase the number of financially sustainable inclusive business models operating atscale.IFC is approaching this challenge with integrated investment and advisory services, as well as aproactive effort to document and share what we learn. Recognizing that our vision will requirethe combined effort of many partners, IFC is also working to foster a network of corporates,financial institutions, donors, service providers, and others interested in making the process of starting and scaling inclusive business models easier. With world-class investment and advisory services, a global/local presence, the ability to shapeindustry norms and standards, and convening power spanning business, government, and civilsociety, IFC will continue to drive action toward a world in which millions of people haveimproved access to goods, services, and livelihoods through inclusive business.Lars H. ThunellExecutive Vice President and CEO

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