Rags2Riches (R2R) provides income generation to unskilled artisans by training them to produce eco-friendly products.
|Investee||Rags2Riches (R2R), founded 2008|
|Sector||Employment and skills|
|Funding type||Equity; debt|
The Philippines generate approximately 18'000 tons of waste daily. 33% of all Filipino households live below the national poverty line. Members of poor and indigenous communities, especially women, have difficulty earning sustainable livelihoods from their community-made products due to lack of market access, consumer demand, product development, and personal/skills training.
By training unskilled artisans, and through use of creative design and excellent corporate partnerships, participating women will be earning above national average of 100USD per month, by producing creative, low cost, eco-friendly products made of scrap cloth.
R2R contributes to:
|# of artisans trained||450||250||175||94||80||0|
|# of active artisans||450||209||129||155||164||150|
|# with savings accounts||n/a||0||65||140||183||183|