Algramo
Organization Details
Algramo lowers the cost of life's essentails for Latin America's bottom of the pyramid-we currently reach 2,000 family owned neighbourhood stores-reaching 320,000 end-customers. We do this with a distribution system utilizing refillable packaging to eliminate packaging waste to save both the pocket book and the environment. We are currently setting up Algramo to dispense products from global brands in an innovative new packaging and distribution system so we can rapidly scale Algramo's cost saving zero waste distribution system into global markets.
Impact Story
We exist to help erode an economic market failure we call the poverty tax. We define the poverty tax as the 30 to 40% price premium Latin America's poorest families pay to buy life's essentials in small quantities-usally on a daily basis. Our next impact area, which is clearly related to solving the poverty tax, is reducing the impact of single use plastic packaing. We enable family owned neighbourhoods stores, where BoP buy life's essentials, to use our IoT connected vending machines to buy life's essentials in reuseable containers for bulk prices...this makes packaging cost, a one-time cost and virtually eliminates packaging waste for the products Algramo sells.