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Weekly Roundup: Extending Customer Credit – the Way to Scale?
This week we received the exciting news that VisonSpring has sold more than one million pairs affordable eyeglasses customers living at the Base of the Pyramid. But for every VisionSpring, surely there are countless other social startups that have failed to reach scale, and not necessarily because they are marketing an inferior product. It might be because their customers cannot reasonably afford to make a purchase, even one as “small” as $10. This is the need identified by Invested Development, which announced the creation of the Impact Factoring Fund, (IFF) that looks to provide short-term liquidity and working capital to early stage, high-growth companies in emerging markets.
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