GEAR Concept Achievements & Core Value admin
The theme of the organization:
“It is an organization rooted in social conscience and actively engaged in ‘Social Business’ which is based on funds from those who can afford to those who are in need. It has an objective of empowering the needy to the extent that he or she is able to contribute in the revolving fund of GEAR.”
From startup to 2016 GEAR has played its role to change the lives of more than 1000 families. The total disbursement amount was PKR 18 Million along with consistent recovery rate of 96%.
In 2017 GEAR has served 403 more families with PKR 9.7 Million of disbursement amount and 99% recovery rate.
GEAR Core Value
In order to make continuous progress towards our vision and mission, we will implement the following short term and long term objectives:
Identify ‘financially challenged’ section of people in society (GEAR Partners) through referrals including friends and family circles as well as current beneficiaries.
Develop a unique self-employment model matching the expertise and interest of each GEAR Partner.
Fund the self-employment model of the selected partner and also help in executing.
Monitor the results and operational mechanism of the model continuously in order to ensure that the model is generating acceptable revenue. Provide active help and support and troubleshoot wherever needed.
Make sure that GEAR-partners are earning a Halal living and are morally conscious enough to spend their earnings on legitimate personal and family needs, so that they are growing and moving forward with confidence.
Collecting GEAR-partners’ contribution of profit to GEAR pool of funds (to the extent of the initial amount funded only; no interest/profit is charged) in order to create the next round of self-employment for a new partner.
This then enables the ‘Sadaqa-e-Jariah’ to keep moving so that everyone can benefit both here in this world and hereafter InshaAllah.
Provide support to GEAR-partners in case of a contingency like medical emergencies in family or accidental destruction of business setup etc.