Summary

“This report has focused on developing an in-depth, demand-side understanding of the needs and challenges facing inclusive businesses, rather than on studying the drivers and constraints of grantmakers and investors. However, we acknowledge that the latter is a valuable area for further study and action going forward.

The key themes discussed here are based on the sum of Monitor’s extensive research into more than 700 inclusive businesses in Africa and India, and Acumen Fund’s decade of experience as a pioneering impact investor. They also draw together the experiences and observations of dozens of impact investors, grant funders, academics and other experts.”