Aakar is a Mumbai-based social enterprise that provides access to affordable, 100% biodegradable sanitary pads and menstrual health education to low income women and girls in rural India. TTS funding of $1M ($485K grant already board approved and disbursed; $515K revenue-based loan) from GCC over a 2-year period will enable Aakar to grow the network of mini-production facilities (spokes or units) by 40 across three states and test and tweak two key aspects of its operating model: (i) a shift to mandating the manufacture of only biodegradable pads across all units and, (ii) the development of central hubs. As a result, Aakar will be able to empower ~550 women through employment in the production and/or sales of sanitary pads, and provide 160,000-200,000 adolescent girls access to menstrual products and education.
Grant ID
TTS-TTS-0808-05
Show on Hub
On
Show on Spoke
Off
Follow-on Funding
Off
Lead Funding Organization
Challenge
Initiatives
Principal Investigator
Award Manager
Individual Funder Information
Funding Organization
Funding Amount (in original currency)
485000.00
Funding Currency
CAD
Exchange Rate (at time of payment)
0.7500000000
Funding Amount (in USD)
363750.00
Project Type
Project Primary Sector
Funding Date Range
-
Funding Total (In US dollars)
363750.00
Co-Funded
False