Indian Social Business, Waste Ventures, Support Their Waste Pickers Through The Crisis
Indian Social Business, Waste Ventures, Support Their Waste Pickers Through The Crisis
It’s the smaller stories of solidarity that are getting us through!
These have been difficult times for our portfolio companies. They are working hard to protect those they employ and serve. In India, Waste Ventures recycle plastic and improve the lives of waste pickers. As they are dependent on revenues from previous months to meet their expenses, the abrupt pause to their activities has made their ability to pay their workforce much more difficult.
However, the waste picker communities they work with are facing an even graver challenge of survival where they are struggling to meet 3 meals a day. To ease their plight, Waste Ventures partnered with residents and donors from across the world to provide a meal per day for their waste pickers until the lockdown is lifted on May 7th. Over 200 waste pickers are benefiting from this initiative in multiple regions of Hyderabad.
Waste pickers are often migrant workers and with the lockdown measures many returned to their villages, those left are keeping the city clean. As migrants, they fall through the cracks of govt. benefit schemes which means Waste Ventures’ intervention is even more vital. They are even working to distribute sustenance groceries to help an additional 100 waste pickers last for next 20 days. The team led by Venu and Sahithi are flooded with calls of gratitude from families who are no longer going to sleep hungry.
YSB partners with IKEA to drive impact by supporting local social enterprises
YSB is thrilled to announce our partnership with Ingka Group (the largest IKEA retailer) and IKEA Social Entrepreneurship B.V. to launch the Social Enterprise Partnership Programme (SEP). The programme supports local social enterprises to scale their existing businesses and create more inclusive and sustainable communities while meeting IKEA business needs.
Yunus Social Business and the Schwab Foundation for Social Entrepreneurship partnership
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Mid-Point Reflections of the MAN Impact Accelerator
At the halfway point through the program we find ourselves sitting back and reflecting over the last five months. And what a fine journey of progress and development it’s been. We’ve seen our entrepreneurs learn and share all sorts from methodologies to frameworks to general advice about life and business.
