REVIVE ALLIANCE
A multi-intervention and multi-stakeholder livelihood accelerator facility that enables the economic recovery, resilience and growth of informal workers and microentrepreneurs.
REVIVE ALLIANCE
A multi-intervention and multi-stakeholder livelihood accelerator facility that enables the economic recovery, resilience and growth of informal workers and microentrepreneurs.
Revive in Numbers
5,50,221
People Impacted
5,93,770
Interventions Provided
INR166cr ($20M)
Funds utilized and disbursed
75
Implementation Partners
5
Anchor Funders
34
Total Number of Funders
31
States and Union Territories
Revive in Numbers
5,50,221
People Impacted
5,93,770
Interventions Provided
INR166cr($20M)
Funds utilized and disbursed
75
Implementation Partners
5
Anchor Funders
34
Total Number of Funders
31
States and Union Territories
A Time to Revive
The COVID-19 pandemic hit India hard, impacting millions, including artisans, farmers, street vendors, home-based workers, and micro-contractors. Around 20 million artisans lost jobs, 120 million small farmers faced crop issues, and over 10 million street vendors suffered from supply shortages and customer loss. Moreover, 116.18 million workers lost employment. The REVIVE Alliance aided their recovery and income growth.
Revive’s Participant Profile
- Individuals impacted by the COVID-19 pandemic
- New to Income (NTI), New to Credit (NTC), New to Formal Credit (NTFC)
- Age group: 18 to 40 years of age
- 50% focus on women
- Income: < INR 50,000 ($604)/ month
Revive’s Participant Profile
- Individuals impacted by the COVID-19 pandemic
- New to Income (NTI), New to Credit (NTC), New to Formal Credit (NTFC)
- Age group: 18 to 40 years of age
- 50% focus on women
- Income: < INR 50,000 ($604)/ month
REVIVE’s Participant Profile
Age group: 18 to 40 years of age
50% focus on women
Income: < INR 50,000 ($604)/ month
Individuals impacted by the COVID-19 pandemic
New to Income (NTI), New to Credit (NTC), New to Formal Credit (NTFC)
Individuals impacted by the COVID-19 pandemic
New to Income (NTI), New to Credit (NTC), New to Formal Credit (NTFC)
50% focus on women
Age group: 18 to 40 years of age
Income: < INR 50,000 ($604)/ month
The Revive Approach
Over 80% of our target segment of informal workers and entrepreneurs are either NTI, NTC, or New to Formal Credit (NTFC), and hence are not deemed to be creditworthy by formal lending institutions. NBFCs consider our target segment of informal workers and micro-entrepreneurs to be “high-risk” customers, and hence they are unable to “graduate” into the formal economy.
We aim to leverage our partner ecosystem to bridge this gap and help bring informal workers and micro-entrepreneurs, both new and existing, into the formal economy by co-creating financial inclusion and livelihood improvement programs to support NTI, NTC and NTFC segments.
The Graduation Approach
Informal Economy - High risk participants with no access to formal credit
Formal Economy
Informal Economy - High risk participants with no access to formal credit
Plain Grants
Use Case
For women who need one-time basic literacy and access support, the first step on their path to graduation
Interventions
Financial Literacy & Financial Inclusion
Returnable Grants
Use Case
Smaller ticket size loans for upskilling and/or purchase of new tools and technology
Interventions
Working Capital Support, Skilling, Digitisation
Pre-Credit Score
Use Case
A proxy to a formal credit rating
to gauge the credit worthiness
of unbanked participants based on multiple metrics
Interventions
Access to Finance
Credit
Guarantee-Backed Debt
Use Case
Larger loans from formal lending institutes to determine the true readiness of the participant to avail of formal loans
Interventions
Working Capital Support. Skilling. Digitisation
Formal Economy
NBFC + Bank Loans
Use Case
Strong credit guarantee repayment will facilitate the
graduation of participants into the formal economy
Interventions
Access to Formal Finance
REVIVE’s 5 Key Public Goods
Financial Literacy
and Inclusion
Unlocking Government and
Social Security Schemes
Returnable Grants
(RGs)
Credit Guarantee
(CG) Facility
Pre-credit
Score
REVIVE’s 5 Key Public Goods
Financial Literacy and Inclusion
27% of Indian adults lack financial literacy, hindering professional growth. Partnering with banks, REVIVE provides training, and facilitates bank accounts, micro-savings, and investments, fostering responsible financial practices for workers and entrepreneurs.
Unlocking Government and Social Security Schemes
The government offers support for small businesses, but many owners are unaware of these schemes. We partner with CSC and Wadhwani AI to help entrepreneurs access eligible government programs efficiently.
Returnable Grants (RGs)
The returnable grant offers zero-interest, zero-collateral loans, creating a moral obligation rather than a legal one. It supports those considered ineligible or high-risk for formal credit, aiding individual upskilling and micro-entrepreneurial growth with ticket sizes up to INR 20,000.
Credit Guarantee (CG) Facility
Our goal is to extend credit guarantee support to partner NBFCs, reducing lending risk and enabling formal credit access for high-risk demographics. We plan to pilot a ₹500 Cr facility, scalable to ₹10,000 Cr, primarily serving informal workers and micro-entrepreneurs.
Pre-credit Score
We're developing a pre-credit score with Indian banks, NBFCs, and credit agencies, using returnable grants and credit guarantee data. This score helps NTI/NTC/NTFC participants access formal loans effortlessly.
Empowering Individuals. Strengthening Communities.
Skills and
Jobs
REVIVE’s partnership with an ecosystem of training partners and employees help deliver a range of critical skilling programs and job opportunities
Improved Social
Security
REVIVE enables easy and affordable access to government schemes and social protection to build resilience
Enterprise Development and Market Linkages
REVIVE works with entrepreneurs to increase knowledge optimize business operations and connect for market linkages
Financial Services for Inclusion
REVIVE uses inclusive financial instruments such as returnable grants (RGs) and credit guarantees, to provides access to timely and affordable capital that are aligned to an individual’s need
Digital Empowerment
REVIVE provides all participants with relevant digital literacy to equip job seekers and entrepreneurs with digital skills, tools and networks to adapt and navigate change
Skills and
Jobs
REVIVE’s partnership with an ecosystem of training partners and employees help deliver a range of critical skilling programs and job opportunities
Improved Social
Security
REVIVE enables easy and affordable access to government schemes and social protection to build resilience
Enterprise Development and Market Linkages
REVIVE works with entrepreneurs to increase knowledge optimize business operations and connect for market linkages
Financial Services for Inclusion
REVIVE uses inclusive financial instruments such as returnable grants (RGs) and credit guarantees, to provides access to timely and affordable capital that are aligned to an individual’s need
Digital Empowerment
REVIVE provides all participants with relevant digital literacy to equip job seekers and entrepreneurs with digital skills, tools and networks to adapt and navigate change
What our partners have to say
What Our Partners Have to Say
Samhita-CGF’s expertise in supporting women entrepreneurs perfectly complemented Mann Deshi’s mission of empowering rural women with the tools and knowledge they need to break free from poverty’s grip.Supporting Mann Deshi through REVIVE, we supported more than 5,300 vulnerable women across Maharashtra with Returnable Grants and consistently saw close to 100% repayment rates in spite of the pandemic and multiple economic crises that the women had weathered.
Chetna Gala Sinha, Founder – Mann Deshi Foundation, talks about how this partnership provided holistic access to credit and livelihood support to women entrepreneurs at a time when they needed it the most.
Samhita-CGF, through REVIVE, and its approach to livelihood recovery was closely aligned with Avendus’ program on promoting entrepreneurship among rural women communities. Together, we addressed critical issues faced by women entrepreneurs: viz. access to finance, market linkages, and income diversification. We are on our way to impacting 800 women through Returnable Grants, with an astounding 97% repayment rate.
Sapna Prabhakaran, Executive Director and Head – Marketing & Corporate Communications, Avendus talks about this amazing initiative.
Samhita-CGF’s collaboration with Tisser brought together multiple partners and funders committed toward the holistic growth of vulnerable women artisans by layering on complementary interventions. Google, MSDFF, Vinati Organics supported access to credit for the artisans, with an RG repayment rate of over 97%. The participants also received digital and financial literacy/prudence training through Linkedin as well as access to at least 2 social security schemes/entitlements through Samhita-CGF supported by CMS Swasti.
Dr. Megha Phansalkar, Founder – Tisser Artisans Trust, talks about how the partnership with Samhita-CGF through REVIVE ignited their entrepreneurial spirit in these women artisans, and paved the way for a brighter, more inclusive future.
Revive Partners
Latest News and Updates
- September 14, 2021
- September 21, 2021
- September 21, 2021
- September 28, 2021
- September 28, 2021
- October 7, 2021
- October 7, 2021
- October 11, 2021
- October 11, 2021
- October 17, 2021