the mif blog

Stories of inspiring entrepreneurs and organizations, discussion and commentary of new trends in private sector development, and the latest events and publications.

Local Economic Development: A valid approach to achieve the new Sustainable Development Goals

By Guest

By Monica Romis and Monica Muñoz*

With the opening message from the Pope and the participation of the United Nations Secretary-General Ban Ki-moon, the Third World Forum of Local Economic Development ended on Friday, October 16, after four days of intense discussions and debates. The Forum, co-organized by the City of Turin, United Cities and Local Governments (UCLG), Andalusian Fund of Municipalities for International Solidarity (FAMSI), Organization of United Regions (ORU FOGAR), Brazilian Service of Support for Micro and Small Enterprises (SEBRAE), International Labor Organization (ILO) and United Nations Development Program (UNDP), included 3 plenary sessions, 29 panels, 26 workshops, an Arena space dedicated to the presentation of best practices and ongoing initiatives, along with other initiatives organized in parallel to the Forum’s celebration

3 reasons why behind every great entrepreneur there is a great mentor

By Guest

By Luz María de la Mora Sánchez, Founder, Vital Voices Mexico

There’s a saying that “behind every great man, there’s a great woman,” and without a doubt, behind every great entrepreneur there’s a great mentor. One of the most effective ways to develop and grow a business is by seeking the advice of a mentor who has lived through the good, the bad, and the ugly of the entrpereneurial life, and who is willing to share his/her knowledge with less experienced entreprenueurs to make their business experience easier.

Banks can make the world a better place—here’s how

By Guest

By Angela Miller

When people are asked to name institutions they trust, banks rarely top the list. In fact, they don’t usually make  the top five. According to the Edelman Trust Barometer, the financial sector is among the least trusted industries, a position it has held since the depth of the global financial crisis in 2008.

3 key tips to help you on your funding journey

By Guest

By Anne Ravanona, Founder and CEO of Global Invest Her
 
Looking for funding is difficult for any entrepreneur and the hard truth is that it is harder for women entrepreneurs. Today, only 4% of Venture Capitalist and 20% of Business Angels in the US are women. In the UK, only 14% of business angels are women and am pretty sure the figures may be even lower in Latin America. Ok so that was the bad news! The good news is that things are moving forward, although still slowly.

Step No.1 to win low-income customers: discard your stereotypes

By Guest

By Susan Olsen

An unwillingness to overcome stereotypes about people at the economic base of the pyramid (BOP) could easily be the most important explanation of why some BOP-focused companies aren’t successful. Shattering stereotypes before starting an inclusive business model was the basis for a provocative panel discussion that took place during the Inter-American Development Bank’sBASE III Forum in Mexico City this summer.

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