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.
2. 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
3. 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.
4. 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.
5. 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.
6. OUR OPERATIONAL PHILOSOPHY
Funds:
Local
Funding of operational model Donors
of social business is done
through local and international
donors. It basically started
Int.
from friends circle locally. This is Family FUNDS Donors
a revolving fund which creates
a multiplier effect. Nevertheless
we treat this as a short-term
measure for the start-up cycle. Friends
7. 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.
8. 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.
9. 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.
10. 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.
11. 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.
12. How We Operate..
•Visit the candidates at their home 4. •Funding is strictly done for the sake
1. and collect information. of core purpose i.e. creating self-
•Family composition - number of employment so as not to deviate
family members being supported Core Team Meets
Identification on Weekly/ from the core purpose of GEAR.
of Potential •Present income Fortnightly basis GEAR also avoids funding of
Candidates •School going children and their for interviewing businesses which are non-Islamic and
needs and final injurious to the society e.g.
•History of self-employment approval pan/beri/gutka shop etc.,
•Potential trade in which they need
support,
•Amount of fund needed
2. 5.
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
3. 6.
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.
13. SELF EMPLOYMENT MODEL EXAMPLES
Vegetable carts Street Food stalls
Fruit carts Flower Making
Pop corn carts Leveraging parts from C grades
Potato chips stalls Imported Jeans
Domestic sewing Selling garments in family and
Tailor shop friends circle
Tyre Repairing shop Car Cleaning Clothes/Fabric 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
Residential Small Retail shop Components and Parts for Shoes
Vault making
Cap making
17. 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%