Introduction
Introduction:
GEAR was formed in 2010 with the core purpose of helping the deprived section of the society to stand on its own feet through self-employment. The very first activity of GEAR was to provide sewing machines to four women in Korangi area in Karachi, Pakistan on interest-free lending. This initiative helped these four women to start their independent tailoring businesses earning about four to five thousand rupees a month.
Mechanism
Our Operational Philosophy:
Funds: Funding of operational model of social business is done through local and international donors. It basically started from friends circle locally. This is a revolving fund which creates a multiplier effect. Nevertheless we treat this as a short-term measure for the start-up cycle.
Operational Expenses: Keeping our operational costs as minimum as possible, meetings are held at members’ homes, not at expensive venues.