Microfranchises at Work in the Developing World, The Solutions Journal, Volume 1, Issue 6, November 2010, Pages 6 (https://www.thesolutionsjournal.com/article/microfranchises-at-work-in-the-developing-world/) Abstract: In 2000, the HealthStore Foundation built its first 11 micropharmacies in central Kenya. Today, the network has expanded to include 48 basic medical clinics and 17 micropharmacies. Over these ten years, the HealthStore Foundation has served roughly two million low-income patients in central Kenya. The HealthStore Foundation is an example of a microfranchise, an emerging development strategy that builds and, possibly, improves on the microfinance model. Microfranchises use many of the same commercial practices as traditional franchises (e.g., Subway or McDonald’s) to create scalable business opportunities for the world’s poor. As part of a microfranchise, a new franchisee gets training and support; a tested system for starting and operating a business; and instant brand recognition. For example, each “Vision Entrepreneur” with the microfranchise VisionSpring receives a so-called “Business in a Bag,” a sales kit with all the products and materials necessary to sell … Topics: Economy; Employment; Financing; Health