Thanks Katie! From our experience at FUNDES, such ambition must be associated with a clear doctrine of intervention.
Our working philosophy: Addressing business development as the initial condition for social, economic and environmental impact.
Our core belief is that micro, small & medium businesses (MSMEs) have the potential to transform their value chains, ecosystems and communities from the inside. By connecting and empowering those entrepreneurs at every step of the chain, we help them capture more economic and promote sustainable practices.
In Latin America, MSMEs are the backbone of the economy and the lifeblood of their neighborhoods: 98% of all enterprises, generating half of the 250 million jobs on the region.
4 proven levers that can help:
Creating and managing networks of MSMEs, to understand their needs, identifying community leaders and facilitate P2P knowledge sharing over time
SABMiller/AB INbev x IIDB x Fundes - Development network of 26’000 mom and pop shops, around business and sales improvement. Leverage their role as local leaders to kickstart innovative local programs (recycling, urban projects, health awareness…)
Applied training on business practices that help develop MSMEs activity in the long-term, using blended learning platforms that combine physical and digital sessions
Danone x Kiwi x Fundes Mexico = Reactivating traditional retails channels through learning and tech assistance to develop MSMEs’ financial capabilities and incentivize business improving investments
Creating and delivering digital products, services and startups directly to MSMEs: solutions which can adapt (features, support) to small or informal enterprises. Focus on core components: payment, logistics, operations, marketing, quality assessment.
Pymental = A marketplace to give access to digital solutions for MSMEs at the right price, depending on the self-profiling of the entrepreneur and its digital savviness
Working with corporations that operate in those value chains to design cooperation programs that integrate MSMEs, such as price stability agreements, anticipated purchasings, transition to formality through cooperatives…
FUDI (Fundes’ social venture) = a Community-Group Buying service for groceries in vulnerable communities, engaging local pop and mom shops as intermediaries through a viable business model