The 2015FT/IFC Transformational Business Awards shortlisted three IFC inclusive business clients in the ‘Achievement in Inclusive Business ‘category which recognizes business models that reach the BOP.
As the Presidency of the G20 for 2015, Turkey hosted representatives from government, business, and academia for a one day workshop on Inclusive Business prior to the Development Working Group meeting in April.
This new report summarizes the practical lessons that we can learn from IFC’s inclusive business clients. There are lessons for each phase of the value chain – procurement, product development, distribution and retail, and marketing and sales.
IFC is the leading investor in businesses that offer goods, services, and job opportunities to low-income communities. IFC calls these "inclusive business models", which are commercially viable and replicable business models that include low-income consumers, retailers, suppliers, or distributors in core operations.
Since 2005, IFC has committed over $11 billion and worked with over 400 inclusive businesses in 90 countries to integrate more than 90 million people, including farmers, students, patients, utility customers, and micro borrowers in core business operations. These investments are helping to improve lives, promote prosperity, and transform sustainable development outcomes in low-income communities around the globe.
Inclusive business investments span the entire IFC investment portfolio. Our inclusive business investments are equally divided across sectors with approximately 1/3 of all projects focusing on financial markets including microfinance, rural banking, and microinsurance; 1/3 on the agribusiness, education, health, housing, and manufacturing sectors; and 1/3 on power, water, sanitation, and internet and mobile technologies.