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GEAR - An Example of Social Entrepreneurship

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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.

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GEAR - An Example of Social Entrepreneurship

  1. 1. G E A R .Generating Employment Alternatives for Self Reliance www.gear.org.pk GEARSelfReliance
  2. 2. 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 basiswww.gear.org.pk GEARSelfReliance
  3. 3. How it all started?www.gear.org.pk GEARSelfReliance
  4. 4. Turnaround3.5 years 350 families Rs. 8 Million in Rolling 200 closed cases 95% Recovery www.gear.org.pk GEARSelfReliance
  5. 5. Philosophy Volunteerism Continuous Continuous Consultation Monitoring Protecting Social Self-Respect Business Promoting Self-Reliancewww.gear.org.pk GEARSelfReliance
  6. 6. Mission 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.www.gear.org.pk GEARSelfReliance
  7. 7. 1. How it works 3.2. 4. 6. 5.
  8. 8. Domino EffectOne Lady Social Approach to Creating Self- Entrepreneurship the Employment Wholesaler for the next market 4 women A Ripple effect…..www.gear.org.pk GEARSelfReliance
  9. 9. www.gear.org.pk GEARSelfReliance
  10. 10. www.gear.org.pk GEARSelfReliance
  11. 11. www.gear.org.pk GEARSelfReliance
  12. 12. Creating a Social BusinessDon’t NeedBig Resources PurposeOnly require SincerityINNOVATION, Cause Driven ApproachAnd… Foundationwww.gear.org.pk GEARSelfReliance
  13. 13. CorporationsPassion Strategic Intent Game Changer and Competitive make a Innovation Breakthrough www.gear.org.pk GEARSelfReliance
  14. 14. 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 partnerswww.gear.org.pk GEARSelfReliance
  15. 15. Sustainabilitywww.gear.org.pk GEARSelfReliance
  16. 16. SELF EMPLOYMENT MODEL EXAMPLES• Vegetable carts • Flower Making• Fruit carts • Leveraging parts from C grades• Pop corn carts Imported Jeans• Potato chips stalls • Selling garments in family and• Domestic sewing friends circle• Tailor shop • Car Cleaning Clothes/Fabric• Tyre Repairing shop selling• Motor Cycle mechanic shop • Candle making/distribution• Fabric selling at various markets • Donkey Cart for transporting materials• Rickshaw • Artificial jewelry/ornaments for• Retail Kiosks ladies• Cap making • Components and Parts for• Street Food stalls Shoes
  17. 17. Our Workwww.gear.org.pk GEARSelfReliance
  18. 18. OUR DREAM IS….
  19. 19. If 1 Million Families HAVES If each person saves Rs 20K (accept SOCIAL cause as a RESPONSIBILITY) HAVE NOT’SCreating 1 Million Self-Employment
  20. 20. Creates revenue of Rs. 4.5 BillionRs. 54 Billion / YEAR
  21. 21. www.gear.org.pk

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