The Opportunities for the Majority initiative (OMJ) promotes and finances market-based, sustainable business models that engage private sector companies, local governments, and communities in the development and delivery of quality goods and services for the base of the pyramid (BOP). Created in 2007 as part of the Private Sector Group of the Inter-American Development Bank, OMJ provides loans and partial credit guarantees to medium and large companies and financial institutions to support the development or expansion of business models that serve low-income populations and to share the risk of entering BOP markets. To reach smaller companies and start-ups, OMJ provides credit to impact investing funds. The OMJ portfolio also includes technical assistance grants that are used for business acceleration to assist pre-commercial models to become investment ready; to conduct needed market research; and to build capacity and transfer know-how.
Topics on my radar:
Base of the Pyramid, Finance and Investment, Inclusive Business Models, Measuring Impact, Partnerships
Hello Lina, I read your work description and I think it is great that your group is focused on the BOP. Our company's Food Services BU has a very successful BOP program called Business on Wheels (BOW) which has been growing for the past 7 years.As is the battlecry of Creating Shared Value which is "benefit to Society and Benefit to Business, the BOW has 80% of its beneficiaries earning way above minimum wage, while all have grown out of the poverty level. Should you need info about the BOW program please let me know.