Tomorrow’s Financial Times discusses the increasing attention “bottom of the pyramid” approaches are receiving from Mexico’s private sector – such as microfinance, innovative low-income financing schemes and leveraging remittances. Bottom of the pyramid (BOP) approaches are gathering lots of praise and following, though IDB President Luis Alberto Moreno makes the key point:
“The biggest challenge is scale. Without that it will only be a drop in the bucket.”
Read the full article for several examples of successful BOP models. Here is more on the IDB’s bottom of the pyramid focus, and a previous post on Patrimonio Hoy. Also see Cemex’s Construmex program, which allows migrants living in the US to send remittances back home in the form of cement and building materials. How long before Home Depot jump in?
Join the Conversation