Reviving India’s Small Businesses

The United States Embassy in India featured Samhita-CGF’s REVIVE Alliance as “one of the largest private sector and philanthropy-led alliances in India working on economic recovery efforts from the COVID-19 pandemic.”

The REVIVE Alliance provides grants as well as returnable grants, which give zero-interest support with a moral, not a legal, obligation to repay. These loans are used as working capital or funding for skilling to enhance the income levels of the recipients. This finance model creates a beneficiary impact multiplier of 5  to 7 times compared to a normal grant. With support from USAID, the REVIVE Alliance is able to bolster its efforts by linking U.S. International Development Finance Corporation-backed credit guarantees with the platform.