Private sector development

Grassroots Business Initiative shows social enterprises how to fish

Submitted by Michael Figueroa on Thu, 03/27/2008 - 07:33.

The Grassroots Business Initiative (GBI) is the brainchild of the World Bank Group’s International Finance Corporation (IFC). Launched in 2004, the GBI supports innovative social enterprises – dubbed Grassroots Business Organizations (GBOs) – that directly engage the poor as entrepreneurs, consumers, employees and suppliers, offering financing and capacity building know-how to GBOs.