gear - an example of social entrepreneurship

Post on 09-May-2015

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GEAR was formed in 2010 with the core purpose of helping the deprived section of the society to stand on its own feet through self-employment. The very first activity of GEAR was to provide sewing machines to four women in Korangi area in Karachi, Pakistan on interest-free lending. This initiative helped these four women to start their independent tailoring businesses earning about four to five thousand rupees a month. Each one of these women paid back an amount of Rs. 1000 every month to GEAR, expanding its funds pool, which was used to support new partners. The journey went on and stands at this moment with addition of men and women, girls and boys supporting this noble cause of social business for uplifting individuals and society as a whole. GEAR funds and provides business model development support to its partners without charging anything for financial and allied services. It is an organization in ‘social business’ based on funds from those who can afford to those who are in need—with the objective of empowering the later to becoming self-reliant in financial terms and then contributing to the revolving fund of GEAR.

TRANSCRIPT

G E A R. Generating Employment Alternatives for Self Reliance

www.gear.org.pk

GEARSelfReliance

www.gear.org.pk GEARSelfReliance

First Step …

A group of friends contributes

Rs 10,000 each

Total = Rs 40,000 (for 4 women) (bought 4 Sewing Machines)

Each woman earns Rs 5,000 / month And, returns Rs 1,000 on monthly basis

www.gear.org.pk GEARSelfReliance

How it all started?

www.gear.org.pk GEARSelfReliance

Turnaround 3.5 years 350 families Rs. 8 Million in Rolling 95% Recovery 200 closed cases

www.gear.org.pk GEARSelfReliance

Philosophy

Volunteerism

Continuous Monitoring

Social Business

Promoting Self-Reliance

Protecting Self-Respect

Continuous Consultation

www.gear.org.pk GEARSelfReliance

To create an innovative model of ‘social business’ for the financially challenged of the society by creating a sustainable financial resource coupled with a support system resulting in a continuous flow of economic activity.

Mission

How it works 1.

2.

3.

4.

5.

6.

www.gear.org.pk GEARSelfReliance

Domino Effect

One Lady

Approach to the

Wholesaler market

Creating Self-Employment for the next

4 women

Social Entrepreneurship

A Ripple effect…..

www.gear.org.pk GEARSelfReliance

www.gear.org.pk GEARSelfReliance

www.gear.org.pk GEARSelfReliance

www.gear.org.pk GEARSelfReliance

Creating a Social Business

Purpose

Sincerity

Cause Driven Approach

Foundation

Don’t Need

Big Resources

Only require

INNOVATION,

And…

www.gear.org.pk GEARSelfReliance

Corporations

Strategic Intent

Competitive Innovation

Game

Changer and

make a

Breakthrough

Passion

www.gear.org.pk GEARSelfReliance

Sustainability

• Create multiple revenue streams through advertisements of famous brands on Kiosks/Carts (vegetables, fruits, burger, etc.)

• The revenue will go into GEAR Fund, to create social business

• Profits will be shared with GEAR partners

www.gear.org.pk GEARSelfReliance

Sustainability

SELF EMPLOYMENT MODEL EXAMPLES

• Vegetable carts

• Fruit carts

• Pop corn carts

• Potato chips stalls

• Domestic sewing

• Tailor shop

• Tyre Repairing shop

• Motor Cycle mechanic shop

• Fabric selling at various markets

• Rickshaw

• Retail Kiosks

• Cap making

• Street Food stalls

• Flower Making

• Leveraging parts from C grades Imported Jeans

• Selling garments in family and friends circle

• Car Cleaning Clothes/Fabric selling

• Candle making/distribution

• Donkey Cart for transporting materials

• Artificial jewelry/ornaments for ladies

• Components and Parts for Shoes

www.gear.org.pk GEARSelfReliance

Our Work

OUR DREAM IS….

If each person saves Rs 20K (accept SOCIAL cause as a RESPONSIBILITY)

If 1 Million Families

Creating 1 Million Self-Employment

HAVES

HAVE NOT’S

Rs. 4.5 Billion

Creates revenue of

Rs. 54 Billion / YEAR

www.gear.org.pk

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