corporate social responsibility
Corporate Social Responsibility
At Erada, we are committed to creating positive social change and fostering sustainable economic growth. Since our launch in 2023, we have made significant strides in promoting financial inclusion, empowering women, reducing poverty, and supporting innovative projects.
Women Empowerment: Driving Change and Equality
We take great pride in our commitment to women's empowerment. Recognizing the immense potential and talent of women entrepreneurs, we have prioritized their financial inclusion. A remarkable 48% of the projects funded by Erada are owned and managed by women, representing the highest percentage in the market. By providing them with financial resources, mentorship, and tailored support, we enable women to establish and grow their businesses, thereby fostering gender equality and economic empowerment.
Impact on Financial Inclusion: Serving the Underserved
Erada is dedicated to providing financial services to those who have limited access to traditional banking systems. We believe that everyone deserves equal opportunities to thrive and succeed. By offering microloans and financial support to individuals and small businesses, we enable the underserved to pursue their entrepreneurial dreams. Through our inclusive approach, we have empowered countless individuals, families, and communities to improve their economic circumstances and enhance their quality of life.
Fostering Innovative Projects
Erada is committed to nurturing innovation and supporting emerging entrepreneurs. Through our partnership with the Gemini Incubator Program, we identify and foster two innovative projects each year, such as Learning Rockets and Vermi Planet. We provide these projects with access to our internal company resources, mentorship, and financial assistance. By leveraging our expertise and network, we help these projects grow and succeed, contributing to the overall entrepreneurial ecosystem and driving positive change.
Job Creation
Erada's impact extends beyond the immediate beneficiaries of our financial services. As our clients and supported businesses flourish, they create employment opportunities, leading to poverty reduction and economic growth. While it is challenging to quantify the exact number of individuals impacted by Erada's services due to the ripple effect generated by our assistance, we are proud to contribute to the overall development of communities by fostering job creation and sustainable livelihoods.