Between 2003 and 2014 more than 29 million Brazilians rose out of poverty and are now seeking “to purchase higher quality education and healthcare, sustainable consumer goods, and ethically-sourced food,” according to a new report on the Brazilan impact investing opportunity from the ImPact, which launched its Brazilian chapter this week.
Brazilian funds or investors have only contributed about a third of the $76 million invested in impact businesses since 2003. The rest has come from international investors.
In a podcast last week, ImpactAlpha spoke to the ImPact’s Fernando Scodro of Grupo Baoba, who sees growing interest among the next generation of wealthy families.
See more coverage of ImpactAlpha’s coverage of The ImPact’s impact investing primers for families.