Increased Support For Small And Growing Businesses Helps Advance Emerging-Market Prosperity

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Increased Support For Small And Growing Businesses Helps Advance Emerging-Market Prosperity

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Creating jobs & prosperity in emerging markets by investing in small, growing businesses @AspenANDE http://bit.ly/LITebi #impinv
Thursday, May 31, 2012 - 1:00pm

CONTENT: Blog

“We will have achieved success when people at the ‘base of the pyramid’ have access to quality products at competitive prices,” said Alvaro Rodriguez Arregui, managing partner at IGNIA, an impact-investing venture capital firm based in Monterrey, Mexico. "When so many entrepreneurs see thriving companies in emerging countries that they set up competing enterprises, thereby creating entire new industries, then we’ll have succeeded.”

Rodriguez is referring to the work of the Aspen Network of Development Entrepreneurs (ANDE), a global nonprofit that will present its 2011 Impact Report this evening at a meeting hosted by Pamela P. Flaherty, president and CEO of Citi Foundation and director of corporate citizenship at Citi. ANDE is a group of more than 150 public and private investors, corporations, grant-making foundations, research and training institutions, and capacity development organizations that invest in and support the development of “small and growing businesses” (SGBs) in over 150 developing countries. Citi Foundation and IGNIA are both members.

See continuation on Fast Company here...

 

Korngold Consulting LLC assists corporations in building fully integrated, high-impact CSR strategies, including leadership development through nonprofit board service. Korngold Consulting trains and places business executives on nonprofit boards, and consults to nonprofit boards and leaders to strengthen governance for financial and strategic success.

Keywords: Sustainable Finance & Socially Responsible Investment | ANDE | Acumen Fund | Alvaro Rodriguez | Aspen Network of Development Entrepreneurs | Calvert Foundation | Citi | Citi Foundation | Compartamos Banco | Environment | GIIRS

CONTENT: Blog

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