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

716,276

People Impacted

$18.05 million

Funds committed towards REVIVE

5

Anchor Catalysts Partners

24

Catalyst Partners

78

Impact Partners

31

States and Union Territories

Revive Alliance

    Revive in Numbers

    716,276

    People Impacted

    $ 18.05 million

    Funds committed towards REVIVE

    5

    Anchor Catalysts Partners

    24

    Catalyst Partners

    78

    Impact Partners

    31

    States and Union Territories

    Revive Alliance

      A Time to Revive

      The COVID-19 pandemic caused significant social, economic, and financial disruptions worldwide. In India, the effects of COVID-19 were far-reaching with millions of people being impacted and unemployment rates soaring to 23.52%. Within this, the informal sector, comprising artisans, farmers, street vendors, home-based workers, and micro-contractors was the hardest hit. Close to 120 million workers lost their jobs due to sudden instability in multiple sectors, another 120 million small and marginal farmers struggled to harvest and distribute their crops, and nearly 7 million artisans and 10 million street vendors lost their livelihoods. REVIVE Alliance began as a response to the immediate needs of the sector during the pandemic and to aid their recovery and income growth.

      Key Facts at a Glance
      Impacted more than 70 cohorts comprising of artisans, street vendors, farmers, microentrepreneurs, beautypreneurs, merchants and employable youth.

      • 70.4% of participants were women.
      • 42,394 participants received the Returnable Grants where the success rate of repayment was 91% and the multiplier effect ranged from 2-5x, going up to 5x in some cases.
      • REVIVE’s focus on economic progress contributes directly to four major United Nations’ Sustainable Development Goals (SDGs). These are SDG 3- Good Health and Well-Being; SDG 4- Quality Education; SDG 5- Gender Equality; SDG 6- Clean Water and Sanitation; SDG 8- Decent Work and Economic Growth; SDG 10- Reduced Inequalities; SDG 13- Climate Action and SDG 17- Partnerships for the Goals.
      • 3 kinds of support were provided to participants that were: financial, resilience and capability and 5% participants received more than 1 intervention.
      Key Facts at a Glance
      Impacted more than 70 cohorts comprising of artisans, street vendors, farmers, microentrepreneurs, beautypreneurs, merchants and employable youth.

      • 70.4% of participants were women.
      • 42,394 participants received the Returnable Grants where the success rate of repayment was 91% and the multiplier effect ranged from 2-5x, going up to 5x in some cases.
      • REVIVE’s focus on economic progress contributes directly to four major United Nations’ Sustainable Development Goals (SDGs). These are SDG 3- Good Health and Well-Being; SDG 4- Quality Education; SDG 5- Gender Equality; SDG 6- Clean Water and Sanitation; SDG 8- Decent Work and Economic Growth; SDG 10- Reduced Inequalities; SDG 13- Climate Action and SDG 17- Partnerships for the Goals.
      • 3 kinds of support were provided to participants that were: financial, resilience and capability and 5% participants received more than 1 intervention.

      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 Graduation Approach

      We sought to provide a pathway for our participants through a ‘blended finance continuum’ of support that provides participants with step-by-step support to graduate to the formal economy.

      We aimed to leverage our partner ecosystem to bridge the credit gap and help bring informal workers and micro-entrepreneurs into the formal economy by co-creating financial inclusion and livelihood improvement programs. Thus we began the development of two key public goods to support this graduation approach – the pre-credit score and credit guarantee facilities.

      Revive Alliance

        Informal Economy - High risk participants with no access to formal credit

        Formal Economy

        Informal Economy - High risk participants with no access to formal credit

        The Revive Approach

        Through close collaboration, we aim to leverage each partner’s strengths and experiences to co-create sustainable, high-impact programs. We aim to create ‘win-win-win’ programs and solutions for donors, execution partners, and participants to ensure each stakeholder can see the value of their contributions and benefit from the impact they are making. For example, we are working with multiple stakeholders, including banks, NBFCs, private sector companies, and philanthropic funders, to support large-scale financial inclusion for participants:

        Revive
        Revive Alliance

          Informal Economy - High risk participants with no access to formal credit

          Formal Economy

          Informal Economy - High risk participants with no access to formal credit

          The Revive Approach

          Through close collaboration, we aim to leverage each partner’s strengths and experiences to co-create sustainable, high-impact programs. We aim to create ‘win-win-win’ programs and solutions for donors, execution partners, and participants to ensure each stakeholder can see the value of their contributions and benefit from the impact they are making. For example, we are working with multiple stakeholders, including banks, NBFCs, private sector companies, and philanthropic funders, to support large-scale financial inclusion for participants:

          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

          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 4 Key Public Goods

          Pre-credit
          Score

          We are developing the Pre-Credit Score (PCS) in collaboration with industry professionals, banks, NBFCs, universities, and credit bureaus in India.
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          Credit Guarantee
          (CG) Facility

          Informal microenterprises frequently struggle to obtain loans due to their perceived riskiness. To address this issue, Samhita-CGF is working with organizations such as CGTMSE and USAID to develop new credit guarantee (CG) programs.
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          Tech
          Platform

          Creating an integrated technology layer across all stakeholders is essential to the success of this initiative and our interoperable technology layer will facilitate streamlined onboarding, and service offerings across multiple partners.
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          Evaluation
           

          Our robust data analysis monitoring and evaluation frameworks enable us to understand the efficacy of interventions, and continuously optimize design and delivery to obtain maximum impact while minimizing cost.
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          Pre-Credit Score

          27% of Indian adults lack financial literacy, hindering professional growth. Partnering with banks, REVIVE provides training, facilitates bank accounts, micro-savings, and investments, fostering responsible financial practices for workers and entrepreneurs
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          REVIVE’s 5 Key Public Goods

          What our partners have to say

          What Our Partners Have to Say

          Revive Partners

          Latest News and Updates