An initiative of
REVIVE Alliance, is a USD $20million blended finance facility and livelihood accelerator to help informal workers and micro-entrepreneurs recover from the COVID-19 pandemic and thrive. In collaboration with companies, foundations and social organizations, REVIVE identifies deserving informal sector workers and micro-entrepreneurs who have been affected by the pandemic, and provides holistic support to aid their recovery, build their resilience and invest in their long-term growth.
Through a continuum of support, including philanthropic loans, financial and digital inclusion, social security access, skilling and market linkages, REVIVE has been able to positively impact the families and communities of over 173,000 individuals since October 2020, and is on its way to reach 10 million workers and micro-entrepreneurs
Number of informal workers and entrepreneurs supported
Trades being
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Impact partners
Funders
REVIVE provides access to timely and affordable capital to aid livelihood recovery and income generation for salaried workers, self-employed individuals and micro-enterprises whose livelihoods or businesses were impacted by the pandemic and consequent lockdown. REVIVE gives them access to a continuum of capital, by leveraging various blended finance models, to enable holistic revival.
Returnable Grants are instruments that provide short-term affordable and flexible capital (at 0% interest) to individuals and entrepreneurs, who have only a moral obligation to repay. The returned funds are disbursed to other eligible workers and entrepreneurs, creating more impact per rupee spent – an impact multiplier of 4-7x per grant.
REVIVE has customized its program model for different cohorts, allowing it to meet the precise needs of crisis-hit communities. Pay for Performance (Plain Grant) is used to incentivize better repayment by providing a small direct grant to the borrower after evidence of successful utilisation of initial capital.
REVIVE provides skilling support to unemployed and retrenched workers in securing alternate jobs through ethical and responsible sourcing within the industry or outside where demand for labour is higher. With capacity building support to develop the necessary skills, these affected workers can be placed in new income generating roles.
REVIVE aims to ramp up not just recovery, but also resilience and growth. The focus is on crafting an integrated recovery response. REVIVE will be layering on social protection to increase the resilience of the cohorts over the long term.
REVIVE is facilitating access to digital tools and solutions to enhance business improvement, access to finance, compliance, better connect to customers, suppliers and brands.