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How a Profit Focus is Expanding Water Access: Xylem sought to ‘upend’ the tradition business model, aiming for the BoP
When water technology company Xylem started manufacturing simple pumps for smallholder farmers, it wasn’t for charity, the company expected to profit. Its new Essence of Life line caters to the everyday water needs of farmers with small plots of land, among some of the world’s poorest customers. Like any of its customers, Xylem expects these farmers to pay for the right product at the right price.
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- Agriculture
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The Great Equalizer: How advances in “big data” allow tech-savvy start-ups to compete with the major players in East Africa
Thanks to the availability of fast, inexpensive data, start-ups with technology-enabled models can create scaled products and innovate much faster, smarter, and more cheaply than incumbent institutions. Accion Venture Lab’s Nate Gonzalez discusses why this is particularly relevant to the SME lending space in East Africa.
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- Uncategorized
