Aspen Network of Development Entrepreneurs 2010 Impact Report
This is the second annual impact report of the Aspen Network of Development Entrepreneurs (ANDE). It is a comprehensive assessment of the state of the Small and Growing Business (SGB) sector.
The report discusses how ANDE members are making rapid strides to help build an investment community that is committed to both social and financial success. Over the past year, ANDE has grown by 37 members, reaching an additional 18 countries. Key findings of the report are:
- Between 2001 and the first half of 2010, 199 funds have announced a total target investment raise of $10.6 billion to invest in emerging market SGBs;
- ANDE members manage 63 funds devoted to SGBs and have invested more than $900 million across 2,500 investments;
- SGBs supported by ANDE members have expanded their supply chains and increased revenue, such as Ecotact, which deploys pay-per-use toilets and showers in Kenya and has grown its customer base from 4.3 million users in 2009 to 6 million in 2010.
The report shares lessons learned about supporting and sustaining SGBs in emerging markets. It also addresses areas where improvement and mobilization are needed to further promote entrepreneurship to achieve poverty reduction around the world.