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SABMiller announces commitment to support retailers in Latin America

25 April 2013

The “4e, Camino al Progreso” program will enhance livelihoods of 40,000 shop owners, or “tenderos

SABMiller plc, one of the world’s largest brewers announces today at the World Economic Forum event in Lima, Peru, the launch of an initiative to improve the lives of 40,000 tenderos across Latin America.

SABMiller Latin America will invest US$17m over four years in the ‘4e, Camino al Progreso” program that has been designed in collaboration with the Multilateral Investment Fund (MIF) of the Inter-American Development Bank (IDB).  It will be launched in the six core markets for SABMiller in the region, and will target around 10% of tenderos. These tenderos supply to some 1.7 million surrounding homes, with an estimated population of over 7 million people. Small stores are often run by individuals and families, the majority of which are women who are close to the poverty line and have the potential to become a more effective income generator, thereby helping thousands of families to escape poverty within just one generation.

Tiendas’ often also play an important role within their communities and the program aims to leverage this, encouraging them to take a lead in local projects which accelerate social inclusion and strengthen community engagement. The 4e program will focus on the development of the capabilities of the tenderos to improve their business, the quality of their and their families’ lives, and to enhance their leadership skills, enabling them to take on responsibilities in their communities.

Karl Lippert, President of SABMiller Latin America, said: “Human development and growth in prosperity are our strongest interest here and we want to help ensure that the Latin American region fulfils its abundant potential. If societies thrive, business also thrives. The “4e” program will serve as a model of poverty alleviation and social and financial inclusion and will also act as an instrument for broader social change, particularly when one considers the leadership potential of the retailers we will reach out to and their ability to make a difference in their communities.”

Nancy Lee, MIF´s General Manager said:  “In recent years, many Latin American economies have been among the world’s strongest performers, achieving both impressive growth and poverty reduction.  Small firms have been key actors in this regional transformation. And small retailers play a unique role in serving local communities as well as creating jobs.  Farsighted programmes such as this can help drive economic and social mobility through building vibrant and inclusive communities across the region.  The MIF is actively exploring how it can be helpful in this effort.”

The manager of the IDB’s Office of Outreach and Partnerships, Bernardo Guillamon, added: “This programme has the potential to become a leading example of the innovation that private and public sector organizations can jointly deliver when they collaborate in addressing the region’s Development priorities.” The work will take best practice from other SABMiller projects which have run successfully in Latin American countries, such as ‘Oportunidades Bavaria’ in Colombia, and ‘Progresando Juntos’ in Peru and El Salvador.

The program “4e” will be structured in four phases, designed to address different areas of development:

ENDS

Enquiries

SABMiller plc
t: +44 20 7659 0100

Richard Farnsworth
Business media relations manager
SABMiller plc
t: +44 20 7659 0188

Catalina Garcia
Communications and Sustainable Development Director
SABMiller LatAm
catalina.garcia@la.sabmiller.com
t: +1 (305) 921-3401

Interamerican Development Bank 
Miguel Aldaz
Office of Outreach and Partnerships
partnerships@iadb.org

Notes to editors

About SABMiller plc

SABMiller plc is one of the world’s leading brewers with more than 200 beer brands and some 70,000 employees in over 75 countries.  The group’s portfolio includes global brands such as Pilsner Urquell, Peroni Nastro Azzurro, Miller Genuine Draft and Grolsch; as well as leading local brands such as Aguila (Colombia), Castle (South Africa), Miller Lite (USA), Snow (China), Victoria Bitter (Australia) and Tyskie (Poland).  SABMiller also has growing soft drinks businesses and is one of the world’s largest bottlers of Coca-Cola products.

In the year ended 31 March 2012 the group reported EBITA of US$5,634 million and group revenue of US$31,388 million. SABMiller plc is listed on the London and Johannesburg stock exchanges.


Further information about SABMiller is also available on:
www.sabmiller.com
www.facebook.com/sabmillerplc
www.twitter.com/sabmiller
www.youtube.com/sabmiller


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About IDB

The Inter-American Development Bank (IDB) is a leading source of multilateral financing for Latin America and the Caribbean that supports the region's efforts to reduce poverty and inequality and promote environmentally sustainable development. The IDB provides loans, grants, and technical assistance, and conducts extensive research in a wide range of areas to enrich regional governments’ policy-making capability. The Bank's shareholders are 48 member countries, including 26 Latin American and Caribbean borrowing members, who have a majority ownership of the IDB

About MIF

The Multilateral Investment Fund (MIF), a member of the Inter-American Development Bank Group, supports private sector-led development benefitting low-income populations and the poor - their businesses, their farms, and their households. The aim is to give them the tools to boost their incomes: access to markets and the skills to compete in those markets, access to finance, and access to basic services, including green technology. A core MIF mission is to act as a development laboratory - experimenting, pioneering, and taking risks in order to build and support successful micro and SME business models. More information at www.fomin.org

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