Using Blended Finance to sustain informal workers during Covid-19

According to the International Labour Organization, more than 400 million informal sector workers in India are at risk of falling into severe poverty due to the COVID-19 pandemic. This situation is exacerbated by the fact that informal workers have no health, social, or legal protections to fall back on. Without access to formal financing, their ability to survive serious economic shocks is handicapped.

This is the challenge that the REVIVE Alliance aims to address at its core. By bringing together industry leaders and philanthropic capital, REVIVE provides zero cost Returnable Grants and skill training to help India’s workers bounce back from the most severe economic crisis of the 21st century. 

To know more about how REVIVE and it’s parters are helping families and communities build sustainable livelihoods, read this article by our co-funder USAID. 

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