Type: Blended
PHASE: Design
CATEGORY: Poverty
Micro Franchising
Asia

Log in or register to follow or vote for this project.

Our Micro Franchising project will enable underprivileged individuals & communities to start their own businesses and get required training's & education to built up skill sets to run those businesses effectively.

Standings & Awards

239 out of 1313 in Asia
121 out of 179 in Poverty
536 out of 935 in Design
166 out of 1066 in Blended
2331 out of 4003 Overall
To alleviate poverty by empowering entrepreneurship and providing training for poor individuals & communities

How Micro franchising works


VISION

A poverty free society built on the principles of self-help and entrepreneurship.

MISSION

To alleviate poverty by empowering socially & economically marginalized businesses for poor families through interest free business models, providing educational trainings and skill sets, & by harnessing entrepreneurial potential, capacity building & social guidance.

What do we do?

  • We provide interest free lending to enable start-ups
  • We design innovative business models that work in the most challenging markets, by translating research findings and insights into concrete business models with high growth potential to provide them with businesses that are easy to start with minimum start-up costs which are expandable and profitable for long term.
  • We provide skill set trainings and basic education to these people.
  • We support them to enrich and expand their businesses to tap more markets.
  • We make financing transparent and add accountability so that this model can not only be applied for a certain individual but also for poor communities in masses thus increasing sustainability.
  • We provide social guidance, capacity building and entrepreneurial training.
  • We institutionalize the spirit of brotherhood, compassion, and volunteerism.
  • We transform borrowers into donors for helping future businesses.
  • We make this model a sustainable, growth-oriented and replicable organization.

Support Your Idea Optional (5 - 7 minutes for three uploads)

Sponsors, Investors, and Supporters

Jigsaw Tees
They will provide us tee shirt for marketing and for fund raising

FIVE PROJECT QUESTIONS Required (60 - 90 minutes)

1. What is your innovation? 
Providing interest free sustainable business models , providing skill sets and education.
2. Who gains the most? 
- Unprivileged communities - People who are earning less than 1$ per day - Economy - Small businesses - Community - Consumers all other stakeholders
3. Who pays? 
- Customers who will pay for the services and goods they will receive - donors plus philanthropists - corporate partners will pay for their brand marketing,advertisements and sponsorships.
4. What is your success? 
Implementation of six business models that are sustainable and can be expanded as a franchise. Interest free loans for poor communities Free education, trainings to Micro Entrepreneurs. Changing thousands of lives directly and indirectly (this is the social impact for 12 months)
5. How will you do it? 
Formation of Teams/ Departments Designing Business models Marketing the idea to unprivileged communities Volunteers for education and trainings Evaluation and impact of Project

Badges & Awards

2013 DSIC Project Participant