Returnable Grants
Returnable Grants
Returnable Grants (RGs) have revolutionized the landscape of financing and social impact, providing leverage from a funding perspective while creating a multiplier effect for participants that drives positive change.
Principles of Returnable Grant
Ethical Financing
Zero interest, zero collateral loan like CSR and FCRA compliant financial instrument​
Gifted Grants
No legal obligation on grantee to repay grant
Smooth Credit Evolution
Repayment aids to transitioning to a more formal credit guarantee
Repaying with Ease
Easy & flexible terms to repay grant money
Ethical Financing
Zero interest, zero collateral loan like CSR and FCRA compliant financial instrument​
Gifted Grants
No legal obligation on grantee to repay grant
Smooth Credit Evolution
Repayment aids to transitioning to a more formal credit guarantee
Repaying with Ease
Easy & flexible terms to repay grant money
The Solution to Financial Challenges Facing MSMEs
- Lack of collateral to access formal bank loan
- Inability to raise capital or scale business
- Shortage of capital
- Threat of high interest rate from private moneylenders
- Allows money to be directly credited into the participants’ accounts or given out as cash equivalents such as vouchers
- Enables MSMEs to operate for longer periods to scale, and/or adopt new techniques and products
- Levies individuals with a moral (and not legal) obligation to repay
- Potential ability of selected participants to repay as a cohort
- Access to financial literacy training and a pre-credit score that can put them on a pathway to access formal credit
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The Solution to Financial Challenges Facing MSMEs
- Lack of collateral to access formal bank loan
- Inability to raise capital or scale business
- Shortage of capital
- Threat of high interest rate from private moneylenders
- Allows money to be directly credited into the participants’ accounts or given out as cash equivalents such as vouchers
- Enables MSMEs to operate for longer periods to scale, and/or adopt new techniques and products
- Levies individuals with a moral (and not legal) obligation to repay
- Potential ability of selected participants to repay as a cohort
- Access to financial literacy training and a pre-credit score that can put them on a pathway to access formal credit
Journey so far…
Journey so far…
Creating evidence on good financial & digital behavior for the vulnerable locked out of the formal economy
Creating evidence on good financial & digital behavior for the vulnerable locked out of the formal economy
5-7x
multiplier effect & transformative long-term change
97%
repayment rate despite no legal obligation on grantee
33,000
participants impacted
till date
Journey so far…
Creating evidence on good financial & digital behavior for the vulnerable locked out of the formal economy
5-7x
multiplier effect & transformative long-term change
97%
repayment rate despite no legal obligation on grantee
33,000
participants impacted
till date
