How they do it: In the aftermath of the 2008 financial crisis, Walmart introduced banking services, targetting the poor. It provided services to un-banked customers, for instance in form of prepaid credit cards.
Learn more about Walmart →
How they do it: IKEA’s products are competitively priced and have a high degree of standardization. This allows also customers with a lower purchasing power to buy at IKEA. In every category there is a budget option as well.
Learn more about IKEA →
How they do it: In the 1990s, the company introduced Wheel, a laundry detergent specifically developed for the Indian market, containing a lower oil-to-water ratio to make it suitable to hand wash textiles in rivers, as is frequently the custom in India. The product was distributed through local corner shops as well as door-to-door sales representatives .
Learn more about Hindustan Unilever →
How they do it: Denner, with its ”no frills” approach, tries to focus on deliver on the basic needs during grocery shopping. This excludes a complex and nice presentation of goods and a wide choice of products to give the customer the cheapest prices.
Learn more about Denner →
How they do it: HomeBuy targets people who otherwise wouldn’t be able to come up with the equity to purchase a home on their own. By setting the conditions so that only low income citizens can make use of the program, the government ensures that their subsidies go to the right people.
Learn more about HomeBuy →