The Aspen Network of Development Entrepreneurs (ANDE) is a global membership network of nearly 300 organizations that propel entrepreneurship in emerging markets. ANDE members provide critical financial, educational, and business support services to small and growing businesses (SGBs) based on the conviction that SGBs will create jobs, stimulate long-term economic growth, and produce environmental and social benefits. Ultimately, we believe that SGBS can help lift countries out of poverty. ANDE is part of the Aspen Institute, an educational and policy studies organization.
The Geneva Chamber of Commerce, Industry and Services (CCIG) works towards a prosperous Geneva, based on a sustainable and diversified economy. Companies both big and small, from all industries, must be able to rely on a business-friendly environment, conducive to the pursuit of their activities. With a membership of over 2,400 companies, ranging from SMEs to large multinational corporations and active in all sectors of the economy, the CCIG represents close to 113,000 jobs. A private association founded in 1865, the CCIG is the third oldest Chamber of commerce in Switzerland. Fully independent from the State, its autonomy and representativeness entitle it to speak on behalf of businesses.
Convergence is the global network for blended finance. We generate blended finance data, intelligence, and deal flow to increase private sector investment in developing countries. Blended finance is the use of catalytic public or philanthropic capital to increase private sector investment in places that need it most. Convergence’s global membership includes public, private, and philanthropic investors as well as sponsors of transactions and funds. Members include institutions such as MacArthur Foundation, FinDev Canada, the Nature Conservancy, and Credit Suisse. Convergence offers its members a curated, online platform to connect with each other on blended finance transactions in progress, as well as exclusive access to original market intelligence and knowledge products such as case studies, reports, training, and webinars. To accelerate advances in the field, Convergence also provides grants through its Design Funding program, for the design of vehicles that could attract private capital at scale.
ENGIE Rassembleurs d’Énergies is ENGIE’s social impact investment fund that invests in projects to provide access to sustainable energy for impoverished populations. The mission of the fund is to invest in economically-viable social projects sponsored by local social entrepreneurs. The fund currently manages, in its 8th year of activity, an active portfolio of 19 companies active on 4 continents. Portfolio enterprises have so far provided renewable electricity access to over 3.3M beneficiaries, avoided 450,000T CO2eq, and created 3,000 direct jobs. Visit //www.engierassembleursdenergies.com/
Fenix is a next-generation, end-to-end renewable energy company that does everything from design, manufacturing, sales, financing and customer service. Fenix’s flagship product, ReadyPay Power, is an expandable, lease-to-own home solar system financed through ultra-affordable instalments over Mobile Money. Fenix uses real-time transaction data to create a next-generation credit score to finance power upgrades or other life-changing loans. To date, Fenix has sold over 180,000 ReadyPay Power systems and is growing its product portfolio and geographic coverage to bring power and a wider world of financing to millions of customers by 2020. Fenix is the first Solar Home System “SHS” company to join a major worldwide energy company and has already delivered clean, safe and affordable energy and financial services to over one million people. In 2018, Fenix was fully acquired by global utility company ENGIE, which is active in some 70 countries, employs 150,000 people worldwide and achieved revenues of EUR 66.6 billion in 2016.
I-DEV is a strategy and investment advisory firm focused on growing high-impact businesses in emerging markets. The firm identifies and develops strategies that incorporate global best practices and innovative approaches to sustainable growth, new market entry and competitive edge. It also connects investors and leading companies by providing comprehensive investment readiness, due diligence, and fund structuring and management support. I-DEV has worked with in 45 countries with more than 300 investors, companies, iNGOs, and DFIs to build leading, high impact businesses and a stronger private sector in emerging markets.
IMPACT FOR BREAKFAST
The Impact for Breakfast Club is an informal network of family offices, foundations, funds, venture philanthropy and intermediary organizations with a common focus on social enterprise, entrepreneurship and impact investing. This specialized group has been gathering and growing since 2008, starting in London and with expansion today to multiple cities. We support an informal relaxed setup, and where possible discourage PowerPoint and ‘unilateral broadcast’ approaches. Typically, we convene a minimum of 25-30 people per month; on occasion, these numbers are far greater.
Kiwa Holding LLC launched the brand KIWA ® in 2010 and quickly became a global brand of premium vegetable chips. The KIWA brand is built upon the three pillars of premium quality, unique product innovation and a deep commitment to social responsibility. Recently, new KIWA products have been developed, such as a new line of Andean superfoods and new flavor chips canisters. KIWA started with plantain chips which account for 20% of sales. Then added premium vegetable chips made from beetroot, white carrots, sweet potatoes, cassava, taro and 2 native Andean potatoes. KIWA’s best-seller is a Vegetable Mix made out of whole cassava, parsnip, beetroot, sweet potato, and a unique variety of plantain called “maqueño”. The Company has grown to sell its products in more than 30 countries on 5 continents. KHL’s net revenues reached $4.8M in 2018, up from 1.9MM in 2017 which represent a 150% increase. This increase was a result of KHL’s strategic decision to start selling our products under private labels. This strategy has allowed us to increase our sales, take advantage of economies of scale and become profitable for the first time (positive EBITDA of 6.5% and net revenue of 0.6%) in 2018. This also gave the Company a financial muscle to double its production capacity, get in better financial shape to focus again on sales of products under KIWA’s brand, invest in enhancing the brand and build a stronger team hiring a fully committed senior management team ready to support the growth of the business.
The Economic Cooperation and Development division is part of SECO’s economic competence. We use this expertise specifically for international cooperation, benefiting from direct access to leading economic organisations, government offices and central banks. We focus on advanced developing and transition countries facing specific challenges in regard to development policy. Our programmes are aligned with national and international development strategies. We systematically apply quality assurance, risk monitoring and results-driven management as part of our programmes. This is how we make sure that our measures actually have an impact. We obtained ISO 9001 certification in 2001. Since 2007 we have also contributed to efforts to reduce social and economic disparities in the enlarged EU. This contribution falls under Switzerland’s European policy and is not part of development cooperation. Our mission is to help achieve sustainable economic growth that reaches all segments of the population in our partner countries, using a range of economic and trade policy measures. In doing so, we aim to reduce poverty and the impact of global risks. Growth should address economic as well as social and environmental aspects, without compromising the well-being of future generations. It enables the private sector to create more jobs and the government to deliver central public services. We systematically take into account the cross-cutting themes of good governance and gender equality in all areas of our work.
Sempli is the leading online lending platform for small businesses in Colombia that are underserved by traditional financial institutions, by offering working capital and growth loans from USD 10.000 to USD 100.000, a 6 to 36 months’ term, and a granting period of 3 days, through a technological and automated process of information analysis and a proprietary risk assessment methodology. Our purpose is to transform and disrupt the banking industry and become the first digital option for small businesses when they are looking for a loan. Since our inception 33 months ago, we have allocated more than USD 28 million to hundreds of small businesses in Colombia. We have fundraised USD 26 million from relevant institutions such as the Interamerican Development Bank (IDB), Oikocredit, Incofin, Triple Jump and other international and local funds. We are a 28 people team, and we base our value proposition in two strategic pillars: transparency and experience. Last year, we became a B-Corp company, enhancing our values as a responsible debt lender in our market.
Sistema.bio works with smallholder farmers to address the challenges of poverty, food security, and climate change. The company sells a prefabricated modular biodigester package that includes a full suite of biogas appliances and connections. Easy to install and use, our patented high efficiency biodigesters receive organic waste and transform into renewable biogas and a powerful organic fertilizer. Biogas from our technology is providing affordable clean cooking energy to thousands of families, generating economic savings and health benefits every single day. More people die from cooking in smoky kitchens than all wars combined, and this is a human and environmental disaster.
Founded in 2012, SunCulture’s goal is to increase rural household productivity through affordable solar-powered water pumps and customized irrigation systems bundled with ongoing support and financing. Its latest product is the RainMaker which is an innovative internet-connected solar water pump system. The system is designed to help smallholder farmers to improve their agricultural productivity and profitability. Using energy from the portable solar panel and battery bank, the RainMaker pumps enough water to irrigate a one-acre farm and support livestock and household water needs like drinking, cooking and cleaning. SunCulture launched a PAYGrow financing offer in 2018, next to its cash sales.
Terrafertil sells a range of health foods, snacks, beverages and premium ingredients in over 30 countries across the globe. Terrafertil owns Nature’s Heart, the leading health and wellness brand in Latin America and fastest growing superfood brand in the UK, and Essential Living Foods, a leading superfood brand in the USA. Terrafertil is a leading supplier of dried goldenberries and operates 5 factories in five countries in Latin America. In September 2017, Nestlé completed the acquisition of a majority stake in Terrafertil, to strengthen its presence in fast-growing categories such as healthy plant-based foods, beverages and snacks.
Tienda Pago is a Latin American fintech startup. Operating in Mexico and Peru, Tienda Pago is a lender that provides small store owners with very short-term working capital to fund inventory purchases through a mobile platform. Tienda Pago has a unique model in which it partners with major fast-moving consumer goods (FMCGs) distributors that service these stores, paying the distributors directly for inventory purchases delivered to the small store client. The shop owner then re-pays Tienda Pago as they generate cash from selling the inventory. This arrangement provides underserved businesses with a creative, secure, and efficient way to expand their inventory and product variety, increase revenue and earnings, and build their credit history. Launched in 2013 by founders Dan Cohen and Gabriel Sternberg, Tienda Pago started lending operations in Peru in 2014 and expanded operations to Mexico in 2016. By 2018, the company worked with more than 17,000 retailers to fund and broaden their inventories.
Toniic is the global action community for impact investors. We serve individuals, family offices, foundations and funds. We increase the velocity of money and services into impact investing to address global challenges. Our members commit to discover, evaluate, nurture and invest in financial products – in all asset classes – that promote a just and sustainable economy. Through the 100%IMPACT members of Toniic, we share portfolios and learn, together, how to best align financial assets with personal values. Toniic has members in over 26 countries and its members have invested globally. We are building a movement, and invite you to join us.
Triodos Investment Management is a globally active impact investor. We see impact investing as a driving force in the transition towards a society that is fairer, more sustainable and humane, thereby recognizing the instrumental role and creative power of money when used consciously. Triodos IM manages EUR 4.6B across 5 impact investment strategies.
Since 2014, Twiga has been bridging gaps in food and market security through an organized platform for an efﬁcient, fair, transparent and formal marketplace. Today, we source quality produce from thousands of farmers, providing them with a ready guaranteed market, and deliver from our pack houses to thousands of vendors, at prices fair to everyone.
UNDP partners with people at all levels of society to help build nations that can withstand crisis, and drive and sustain the kind of growth that improves the quality of life for everyone. On the ground in some 177 countries and territories, we offer a global perspective and local insight to help empower lives and build resilient nations
Backed by the Mulliez family (a leading global retail platform with Auchan, Decathlon, Leroy Merlin), Creadev provides long-term equity support - and more - to entrepreneurs with a focus on Agriculture & Food, Education, Healthcare and Renewable Energies. Creadev has offices in Paris, Shanghai, New York and Nairobi. The Nairobi team focuses on Sub-Saharan Africa, and recently invested in Twiga Foods to support Peter Njonjo’s long-term vision to revolutionise retail in Africa.
Twiga Foods has rapidly emerged as Africa’s next generation tech-enabledmarket for fresh produce,and a broadeningrange of FMCG products,to become aone-stop market for tens of thousands of retailers.Twiga is solving Africa’s biggest consumer problem:a food market that is mostly informal and fragmented. Today a banana in Nairobi, sourced only a few milesaway, costs the same as in London.
Nairobi consumers spend 2.5% of disposableincome on bananas, more than their air time spend.This is only one example of the food inefficiency on the Continent,forcing consumers in East and West Africa to spendca 50% of disposable income on food, versusonly13% inLondon.Every day thousands of retail vendors digitally place their orderswith Twiga by 5pm, instead of waking at 4am to walk to the market to buytheday’s produce.
Overnight theorders get packed and sent to distribution pointsacross Nairobi, then the following morning Twigadistribution vehicles deliver directly to their shops. Forvendors this means better products, at better prices,deliveredto their shops. Then Twiga takes thataggregated demand and pricing information and sendsit to collection points across the country. Farmers subscribe their crop to the point and deliver. Farmersare then mPesa’d payment for their delivery within 24hours. Twiga takes care of all the logistics and distribution in-between.The Company has experienced fast-paced growth since inception, reachingUSD 20M revenue run rate by Summer 2019 and seeking to achieve aUSD 100Mrevenuerun rate in 3years. Twiga anticipates a Series C round in 2020 to scale to USD 200M+ of revenue.