Activity Description: Net1 is a provider of smart card technologies and systems that create a secure and affordable transacting channel between formal businesses and the “un-banked” and “under-banked” populations of developing countries who have no or limited access to traditional banking facilities.

Net1 has developed the UEPS (Universal Electronic Payment System) that makes use of their patented FTS (Funds Transfer System) methodology to provide a fully integrated payment, switching and settlement system suitable for multiple applications and services, meeting the requirements of the un-banked and under-banked populations.

Activity Description: The scheme was launched for the farmers of Karnataka who are members of agricultural cooperative societies. In the event of a sudden health problem, even the farmer who has some land and cattle finds himself at the mercy of the local moneylender who charges exorbitant rates of interest when he needs to deposit money for treatment. The scheme has proved to be a boon to the rural community who spirals into depths of debt and suicide, due to the illness, crop failure, famine and drought.

Activity Description:

Wulff Capital assists African entrepreneurs in commercializing their health innovations. These innovative products can improve wellbeing and lower health costs on a global scale. Product commercialization can create new jobs and protect botanic diversity.

 

Due Diligence
Their extensive network of business incubation professionals recruit the best innovations and entrepreneurs to participate in Wulff's program. They screen these entrepreneurs for passion, expertise, and ethics. Then they screen their products for market demand, competitive environment and profit potential.

Activity Description:

The Spark Group is an idea incubator working at the grassroots level in India. Using insights from academic research, the Spark Group develops promising ideas into commercially viable business ventures that deliver valuable services to poor communities. The Spark Group is funded, in part, by the IFMR Trust and is supported by The Boston Pledge.

Spark's founding team has over 50 years of experience in world-class organizations such as McKinsey, Microsoft, Deloitte, IBM, Procter & Gamble and the World Bank.

Funded by the Network Enterprises Fund, Spark's advisors hold positions of eminence in organizations like Harvard University, MIT, The Boston Pledge and ICICI Bank.

The projects include Spark Accreditation - in which for a fee, any school can receive a letter-grade evaluation of its quality. Another project is Spark Guru - a teacher assessment service where trained teachers would be sent to identified schools and enhance the learning capabilities of children. Also in the pipeline are initiatives in the space of technology solutions for microfinance and education investment.

Activity Description: TransFair USA's mission is to build a more equitable and sustainable model of international trade that benefits producers, consumers, industry and the earth. They achieve that mission by certifying and promoting Fair Trade products.

TransFair audits transactions between US companies offering Fair Trade Certified™ products and the international suppliers from whom they source, in order to guarantee that the farmers and farm workers behind Fair Trade Certified goods were paid a fair, above-market price. In addition, annual inspections conducted by FLO ensure that strict socioeconomic development criteria are being met using increased Fair Trade revenues.

Activity Description:

Population Services International (PSI) is a nonprofit organization based in Washington, D.C. that harnesses the vitality of the private sector to address the health problems of low-income and vulnerable populations in more than 60 developing countries. PSI achieves its mission principally through social marketing of family planning and health products and services, and behavior change communications.

Activity Description: Men on the Side of the Road (MSR) is giving thousands of unemployed men in South Africa the vital skills, tools, and social infrastructure to improve their lives. Extremely high unemployment rates in South Africa have forced men to stand on the side of the road, looking for temporary work and accepting low wages and abuse. MSR founder Charles Maisel saw the potential for these day laborers to recognize and utilize their own strength to create change from the bottom up.

Activity Description: In developing countries like Cambodia and Laos, low levels of education and poverty reinforce each other. Young adults are often forced to forgo education and take unskilled low-wage jobs. The situation is even more difficult when compounded by a physical disability, deceased or missing parents, or when young women are subjected to the horrors of the sex trade. Digital Divide Data is connecting the power of education and training programs with real job opportunities for disadvantaged individuals.

Activity Description:

An estimated 15.7 million people in Brazil work in the informal economy as microentrepreneurs, outnumbering formal sector entrepreneurs by more than three to one. Of these informal microentrepreneurs 93% run profitable businesses. However, 84% of these microentrepreneurs did not have access to credit.

In November 1996 at a meeting in Fortaleza, the World Bank and Banco do Nordeste, a development bank formed to support growth in northeastern Brazil, decided to initiate a collaborative process to jointly implement a local development program based on the idea of micro-credit. Motivated by the fact that small informal companies – family owned and small properties - were not being served by the Bank's financing activities due to the restrictive regulation of Brazil's Banking Systems, Banco do Nordeste and the World Bank decided to develop and launch a pilot low-income bank, targeting micro-entrepreneurs from informal sectors.

When asked why Banco do Nordeste decided to launch a microcredit institution, executive director, Stelio Gama Lyra Junior responds simply “we are a development bank; it was a logical step”.3 The fast growth and success of the CrediAmigo program suggest that he might
be right. After only three years in operation, CrediAmigo had already become Latin America’s second largest microcredit institution both in terms of number of loans and the amounts invested.

With the experience gained trough its pilot program, CrediAmigo officially launched its microcredit program and has continued to grow steadily. In fact, it has achieved 40% growth each year since 1998. As of May 2003, CrediAmigo has 123,203 active clients with an active portfolio of R$72 (US$ 24.69) 9 million and an average loan size of R$ 581.35 (US$ 199.33). CrediAmigo offers loans at 3.5% monthly rate (approximately 51% per year). As an incentive for customers to pay on time, CrediAmigo reimburses its customers 15% of their interest payment when their loan is paid in-full and on-time.10 The maximum loan size allowed is R$4,000 (US$ 1,371.51). In the future, CrediAmigo plans to continue to expand its services throughout the northeast of Brazil, as well as offer greater product/service selection such as savings accounts and insurance products.

Click here to read the full report on CrediAmigo.

Activity Description: With three quarters of its national population living in rural areas, access to primary healthcare is one of the most pressing issues facing India’s businesses and policymakers. Further complicating this picture is the fact that the government has so far had difficulty making a sufficient financial commitment to fund free, needs-based health services. Although currently on the rise, this spending only accounts for less than one percent of the gross domestic product. Private healthcare groups have also been unable to fill this gap in a country where nearly a third of the populaiton lives in poverty. The entrepreneurs behind Gram Mooligai found a unique opportunity within this seemingly insurmountable challenge to deliver much needed health services to India’s rural poor while tapping into new markets underserved by public and private actors alike.

Activity Description: DSM is a German company that creates and innovates products and services that promote a healthier, more sustainable, enjoyable, and efficient way of working and living. DSM's Nutrition Improvement Program, which focuses on the fortification of foods with vitamins and minerals in order to prevent disease and mortality due to malnutrition, is DSM's first initiative in the context of the 'Base of the Pyramid'. This is a new development in the field of sustainability to which the company will increasingly be paying attention. The 'Base of the Pyramid' concept involves the development and implementation of new, innovative business models in developing countries in order to profitably serve the needs of the four billion people living on at most a few dollars per day.

Activity Description: Mexico City is built over an ancient lake, yet in recent years has found itself facing a serious water scarcity problem. This is due in part to the city’s drainage system, built to prevent flooding, which directs the area’s water more than 250 miles away into the ocean. The result: Mexico City is sinking and its water tables are running dry. Government officials estimate that more than 95 percent of the city’s water is not returned to the region’s aquifers and in some places the water tables are dropping three feet per year. When Nestor de Buen, and his co-founders discovered EcoCreto in the lab, they thought their product might be the perfect solution for this environmental challenge.

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