Social entreprenuership
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Uplift aims to educate urban poor children and employ their mothers as caretakers. The enterprise will train mothers in basic English so they can care for working households' children. Households will pay fees, and mothers' salaries will fund their own children's education. Over time, as more mothers work and revenue grows, the program will become self-sustaining and pay back initial loans without additional financing.
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Social entreprenuership
- 2. UPLIFT - Upliftment of urban poor children(especially economic migrants) by their education. - Their mothers spent most of their time idly watching over their children or begging. - Our enterprise will employ these mothers as caretakers for urban households who have small children but both parents are working. Training will be given to them to understand basic English so that they will be able to converse with parents of the household since they might not be from the same state when they are economic migrants. - These households will pay for the services to us and can offer additional tips to the woman who was acting as care taker of their children. - The amount paid by them will be used for educating these mothers children and also as their salary. - This salary is available to them even if they retire from the work of current household and is looking for the next caretaker work. - These mothers will not have to worry about their children during their working hours as their children would be attending school during that timing.
- 3. FINANCE - The banks, CRY organisation can be used for funding this programme in the beginning. - For the first few months, heavy financing will be required to enrol the urban poor children into nearby schools and for training their mothers in English. - As there is a growing middle class where both husband and wife are working, they would need additional help of a caretaker. - This can create a revenue stream that can be used to pay the salary of poor women caretakers, then they will have to pay a certain percentage of that income to their childrens education. - The percentage that dont need financing will reduce future financing amount . - The revenue after paying salary to the employees will be used for these childrens education and to pay back the interest - Over the years, amount paid for school by loan will be entirely paid by the childs mother and the organisation, then afterwards revenue growth will be used for paying back the loan amount.
- 4. THANK YOU