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Social Loan Grant Project (Thriive)

Social Loan Grant Project (Thriive)

Funded by: Thriive Inc. & Drosos Foundation

Project Description:

Thriive supports small businesses and promotes a culture of social responsibility in challenged global communities by blending two important ingredients: Capital and Compassion.

Thriive invigorates small businesses: Thriive provides capital to finance production equipment, helping small business entrepreneurs expand their businesses and create new jobs.

Thriive inspires social change: Thriive financing is repaid with donations of products, services, or job training to other community members in need. The majority of entrepreneurs are inspired to continue giving after their repayment, transforming themselves from someone in need to someone whose donations fortify their community.

Objectives:

a) To enhance small business production capabilities and thereby encourage income growth.

b) To create significant opportunities for small businesses to expand and create new jobs.

c) To foster a lasting sense of social responsibility and community philanthropy in participating businesses.                 

 

Number of Beneficiaries:

Phase 2010: 10 beneficiaries

Phase 2011: 8 beneficiaries

Phase 2012: 18 beneficiaries (13 existing businesses, 5 startup businesses)

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