Sprout Enterprise® Impact Report 2024: Expanding Opportunities
The Alchemy of Enterprise
Investing in artisan enterprises improves the quality of life and creates a sustainable future for rural communities in emerging markets.
These rural communities are often marginalized or indigenous communities. The communities lack basic infrastructure, like paved roads, electricity or water and sanitation systems. Basic services like health care or schools may be unavailable or unaffordable. Men must migrate to distant cities for work leaving women and children behind. Their families are dependent on remittances which may be infrequent or insufficient.
By investing in artisan enterprises, we help to create sustainable livelihoods in these remote communities. Local teams are trained and developed with the business skills to manage these enterprises which become economic drivers of the local economies.
Join Us in Investing in Artisan Enterprises!
Micro, small and early-stage artisan enterprises typically lack the capital resources necessary for them to grow successfully. Catalytic capital is needed to support these artisan enterprises in building more effective sales distribution, more efficient operations and more timely financial reporting. Only with appropriate capital and support will these artisan enterprises be able to grow and create livelihoods in rural communities with few economic alternatives.
Artisan activity creates jobs, increases local incomes, and preserves cultural traditions that in many places are at risk of being lost. Over 65% of artisan activity takes place in developing economies.
You can join us in investing in artisan enterprises.
Why We Invested: Young Mountain Tea
R.I.S.E. Artisan Fund is investing in Young Mountain Tea, a US tea company working to improve the livelihoods of small-holder tea farmers in the Kumaon region of northern India.
Young Mountain Tea (YMT) develops and markets premium tea for the growing specialty tea market, while supporting the regeneration of the farmlands in Kumaon and increasing the incomes of the tea farmers. Through YMT’s development and launch of Kumaon Tea, a tea company in the foothills of the Himalayas in northern India, a modern, tea processing facility will be owned by the tea farmers over time. 90% of Kumaon Tea farmers are women.