Teaching Note: Bridging impact investment and inclusive markets in Chile: the rural development fund case Available to Purchase

This case focuses on Pablo Vagliente, General Manager of Ikatú Ventures at Avina Foundation, and Sebastián Salinas, President of Balloon Latam, as they lead the RDF in Chile. RDF was initially designed to bridge the gap between rural entrepreneurs and formal financing in regions facing poverty, informality and geographic isolation. At the outset, funded through philanthropic contributions in the context of the COVID-19 crisis, the fund delivered social impact without financial return expectations. With mounting pressure from existing investors to develop a long-term viability of the fund and the urgent need to secure funding for a second iteration, Pablo and...