gear - an example of social entrepreneurship
DESCRIPTION
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
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
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
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
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