What happens when Unilever joins forces with the Clinton Foundation and non-profit Acumen? An initiative that aims to improve the livelihoods of as many as 300,000 smallholder farmers and their communities in Africa, South Asia, Latin America and the Caribbean.
The Enhanced Livelihoods Investment Initiative is a three-year, minimum $10m (£6.4m) investment that will catalyse economic growth and alleviate poverty among low income communities in the developing world, while creating more inclusive and sustainable value chains.
One of its primary goals will be to create and scale up privately held enterprises which will support smallholder farmers and link them to Unilever’s global supply chains and distribution networks.
This partnership has the potential to dramatically increase the scale of what Unilever can do to support smallholder farmers, empower women across its supply chains and in turn help build sustainable, viable businesses that alleviate poverty. Ultimately, this is a new model for creating a vibrant ecosystem of enterprises across supply chains.
Acumen invests in business models that deliver critical goods and services to the world’s poor. The Clinton Giustra Enterprise Partnership established by former US President Bill Clinton and Canadian philanthropist Frank Giustra – creates enterprises that generate social impact and financial returns by addressing gaps in supply and distribution chains in developing countries.
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