Inclusive growth is relatively recent concept dealing with objectives, means and strategy to empower either people or segment of market via economic development. A comprehensive understanding may be taken from the documents and papers made available by the main international organisations like 2030 Agenda for SDGs, CGAP, AfDB, OCED, Basel III and institutions of the international financial establishment, which in a short span between end of 2015 and beginning 2016 released recommendations and suggestions on how to deal with social objectives and poverty mitigation.
There is a wide consensus on the core business of whatsoever intervention: sustainability for the providers, affordability for the beneficiaries, transparency of the interventions along with a tangible impact on the related communities.
In this context the real question is: how much social objective is compatible with a sustainable intervention? The answer may be articulated is in the below mathematical function:
Social performance = F (ED-enterprise development; IGA-family income; FA-food aid)
In this picture it should be clear that although any organization is social oriented, the degree of achieving a social mission could be quite different whether the organization is in the segment of enterprise development (accumulation) or income generating activities (increase family, income or food security distribution of basic food to very poor people).
In practice there should be a set of rules to be conceived in harmony with a particular environment such as tradition, unwritten procedures, institutional framework and so on. However, it must be taken into account that that the bearers of specific interests (financiers, borrowers, investors, sponsors) may react differently in relation to the market conditions along with their vision, objectives and means available.
In our Book Financial Inclusion (https://itunes.apple.com/us/book/id1116912686) we redesigned the entire architecture of the approach in favour of poor people within a new paradigm and actually replacing the CREDIT-BASED ECONOMY with COMMUNITY-BASED WAY TO DEVELOPMENT, referring to the works released by above mentioned institutions, which inspired the paradigm.
How to translate in the field activity the proposed approach? In our just released eBook, we have made a further step ahead and tried to answer to the question: “The Gateway to Africa Inclusive Growth – JAMBO FUND”
Actually we carried out a feasibility study THE GATEWAY TO AFRICA INCLUSIVE GROWTH – JAMBO FUND, which is a suitable approach to make it happen poverty mitigation and countries’ economy growth via job creation and people empowerment. Although the Continent is the reference (it was necessary to have a landscape to refer to) the Model is suitable at region and country level world-wide. Moreover, the study provides the Model for a business plan: it is just a matter to apply the proposed methodology.