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.
On 24 March this year, day-to-day business for a vast number of Indian organisations stopped abruptly. With a complete nationwide lockdown, any operations requiring physical attendance had to shut down overnight. Here’s how we helped one of the Indian social businesses in our portfolio to overcome the combined economic and health crises of COVID-19.
Condensing the insights gained from over 60 social businesses around the world, this report identifies opportunities for tackling the global fight against plastic via social procurement. Learn about social business product and service offerings, the types of plastic they work with, and their impact focus areas to discover the potential of partnering with these innovative organisations.
Last week, we celebrated our 10 year anniversary! For the first time in two years and two months of restricted travel, YSB Co-Founder & Chairman Prof. Yunus was able to leave his home country of Bangladesh in order to join us in person.