Dear Friends and Well Wishers,
It gives us great joy to share with you the big news... FM has secured investors for its first round of funding. We are now ready to begin our Discovery Phase with a new MFI partner, and product companies.
We are also welcoming our new advisor, Nicola Armacost, co-founder and managing director of Arc Finance to the FM team.
Frontier is adapting its model for consumer durables - focusing on energy products like solar power lamps, smokeless stoves, low cost coolers, and other products that help generate income, savings, or livelihood skills for low income households.
Additionally, FM will continue identifying strategic partners focusing on low cost, FMCG products for low income households as well.
Please continue following us as we spend the next month meeting social enterprises, product companies, and MFIs - evaluating their products and determining the final combo of partners for Fall 2010.
Thank you,
Frontier Markets Team
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