Staple Food Vending Machines Serve Those Living on $4 a Day
Algramo brings new opportunities to emerging but impoverished markets
In the developed world, vending machines are a source of snacks and electronics, but the Algramo project is delivering to Latin America vending machines that dispense food staples and economic fairness.
Algramo places their automatic food dispensers in poorer neighborhoods, those most frequently affected by the economic trend of “small format punishment.” This is what happens when a neighborhood can’t afford a larger supermarket that receives discounted prices because of its size and market importance. The smaller bodegas and mom-and-pop groceries that do business in those neighborhoods carry goods at up to 40 percent higher prices than paid in wealthier areas.