Generating Employment Alternatives for Self Reliance (G.E.A.R)

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GENERATING EMPLOYMENT ALTERNATIVES FOR SELF- RELIANCE

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 of Generating Employment Alternatives for Self Reliance (G.E.A.R)

Page 1: Generating Employment Alternatives for Self Reliance (G.E.A.R)

GENERATING EMPLOYMENT

ALTERNATIVES FOR

SELF- RELIANCE

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INTRODUCTION

Operational since 2010

Core Purpose - helping the deprived section of the

society to stand on its own feet through Self

Employment.

Organization in ‘Social Business’ based on funds from

those who can AFFORD to those who are in NEED

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VISION & MISSION

Vision:

Social and economic prosperity through establishing

a culture of self-employment, dignity, and honor.

Mission:

GEAR is determined 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.

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OBJECTIVES OF GEAR

Identify poor section - Identify Financially Challenged people in

the society (GEAR Partners) by referrals through friends and

family circles.

Develop an unique Self Employment Model matching the

expertise and interest of GEAR PARTNER

Fund the Self Employment Model of the selected partner and also

help them in executing the same

Monitor the results and Operational Mechanism of the Model on a

continuous basis in order to ensure that the model is generating

acceptable revenue. Troubleshoot wherever needed.

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OBJECTIVES OF GEAR

Collecting GEAR partners’ contribution of profit to GEAR pool of funds (to the extent of initial amount funded only; no interest/profit is charged) in order to create the next round of Self-Employment for new partners, hence, the ‘Sadaqa-e-Jariah’ keeps on moving with every one benefitting in both the worlds InshaAllah.

Make sure that GEAR-partners’ are earning a Halal living are morally conscious enough to spend their earnings on Jaiz (legitimate) personal and family needs and abstain from spending the money on drugs, alcohol, gambling etc.

Provide support to GEAR-partners’ in case of a contingency like medical emergencies in family or accidental destruction of business setup etc.

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OUR OPERATIONAL PHILOSOPHY

Funds:

Funding of operational model

of social business is done

through local and international

donors. It basically started

from friends circle locally. This is

a revolving fund which creates

a multiplier effect. Nevertheless

we treat this as a short-term

measure for the start-up cycle.

FUNDS

Local Donors

Int. Donors

Friends

Family

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OUR OPERATIONAL PHILOSOPHY

Operational Expenses:

Keeping our operational costs as minimum as possible, meetings are held at members’ homes, not at expensive venues.

Volunteering :

All of our Operational team members work without charging any salary and perform GEAR work including identification of candidates, visiting their places for evaluation, designing and helping out in execution of the social business model etc. and consider expenses incurred from their own resources as their contribution to GEAR pool of sadqa-e- jariah.

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OUR OPERATIONAL PHILOSOPHY

Sustainability:

Long run - More Sustainable Self Revenue Generating Model

to bear its own expenses and fund the self employment

rather than depending fully on donations etc.

GEAR branded Self Employment Model e.g; GEAR Kiosk,

GEAR Vegetable and Fruit Cart etc., which will be provided

to GEAR partners to execute.

Advertising and sales promotion tools for local and

multinational companies and the advertising revenue earned

will become resource of GEAR for funding business initiative

of our partners.

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OUR OPERATIONAL PHILOSOPHY

Affordable Contributions

Short-term fund raising - through lifetime membership program by paying a lifetime fee of Rs. 500.

The contribution goes into the revolving fund for creating self-employment of GEAR partners.

The convenience based contribution model can raise big funds e.g., 50000 members contributing Rs. 500 each Rs. 25m creating 1000 self-employment and a multiplier effect of 10,000 families in 10 years.

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OUR OPERATIONAL PHILOSOPHY

Focus on Women and Family:

Together with male partners, GEAR focuses on women and the

entire family to put them into self-employment in especially

designed areas.

In this connection, partnering with Industrial Homes and

Training Centers for skill development like sewing,

secretarial work, etc. is also taken up as project.

Training cost is also put into social investment and GEAR

partners are expected to contribute in the pool of financial

resources after earning and income generation activities

based on the skill developed.

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OUR OPERATIONAL PHILOSOPHY

Strategic Partnership with Allied Services to improve the life

of GEAR partners:

GEAR goes into strategic partnership with other Social and

Educational Institutions to improve the life of its partners catering to

services as Health and Medical facilities, Skill Development for

Self-employment, Religious, Moral, and Spiritual insights

development and such other areas of vital importance.

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GEAR provides monthly feedback to the

donor in terms of an overall operational

and financial report. It is also done for

specific GEAR partners who have been

funded by some donors. An operational

progress report together with financial

status is also provided to such donors.

Funds are not released to candidate in

cash but in terms of investments. The

Volunteer organizes the self-employment

activity with necessary tools, raw material

purchases, infrastructure investments, etc

How We Operate..

•Visit the candidates at their home and collect information.

•Family composition - number of family members being supported

•Present income

•School going children and their needs

•History of self-employment

•Potential trade in which they need support,

•Amount of fund needed

Identification of Potential Candidates

•Funding is strictly done for the sake of core purpose i.e. creating self-employment so as not to deviate from the core purpose of GEAR. GEAR also avoids funding of businesses which are non-Islamic and injurious to the society e.g. pan/beri/gutka shop etc.,

Core Team Meets on Weekly/

Fortnightly basis for interviewing

and final approval

1.

2.

3.

4.

5.

6.

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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

Residential Small Retail shop

Vault making

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

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Our Work

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FINANCIAL STATISTICS

Total Receipts Rs. 5,875,832

Total Disbursements Rs. 5,586,110

Total families helped 319

Total Active cases 126

Average Loan Size Rs. 17,511

Administrative expenses 5%

Recovery Ratio: 91.5%

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Our Sponsors

Public Relations Sponsor

Website Design & IT support Sponsor

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www.gear.org.pk

Contact us at: