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.
“Only when companies disclose their impact - negative and positive - will we live in a transparent, holistic economy.” - Paul Allard, CEO & Co-Founder, Impak Finance.
Meet the Brazilian startup that is providing freedom for all, to exercise their citizenship rights, despite restrictions on mobility. Eu Vô is one of the 8 social businesses taking part in the third batch of MAN Impact Accelerator program.
Nominate a corporate social intrapreneur for a scholarship for the Unusual Pioneers platform until Feb 28th. The Unusual Pioneers is a joint initiative by Yunus Social Business, Porticus, and Schwab Foundation for Social Entrepreneurship, sister organisation of the World Economic Forum.