Social Enterprise articles

  • Giving wheels to dreams. How SMV Wheels is empowering lives of cycle rickshaw drivers

    Based in Varanasi, SMV is a social enterprise that serves cycle rickshaw drivers in India. The company sells cycle rickshaws to poor rickshaw drivers on a deferred payment basis so that they can make manageable weekly payments over approximately a one year period. By the end of this period, the drivers have full ownership of their own licensed rickshaw. In addition, by making the weekly payments, the drivers are able to establish a credit history which can prove beneficial if they seek any loan in the future and would be relevant to help improve their financial inclusion.

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