Personal business training for necessity entrepreneurs

Who We Are

 

Elevate Business is a for-profit, business management and financial literacy training company. We provide personalized and holistic training to the borrowers of high-volume financial lending institutions in emerging markets. We empower small business owners with the tools needed to improve and grow sustainable businesses.

 


What We Do

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The Context

Access to capital has become ubiquitous—with microfinance institutions, cooperatives, and commercial lenders—”banks”—competing to lend money to millions of small business owners.

The Problem

Necessity entrepreneurs—individuals forced into starting a small business as their primary source of income—are receiving small business loans with little to no business management or financial literacy training. Their loans pose a higher risk to lenders. In turn, they borrow money at very high interest rates. They are overwhelmed. They need help. We have a solution for the borrowers and the banks.

Our Solution

We provide in-person business management and financial literacy training to necessity entrepreneurs in emerging markets. Our high-volume banking partners allow for scale.

Our Impact

5,000
small business owners trained in 2016
44,000+
small business owners will be trained in 2017
65% - 95%
reduction in default rates among trained borrowers
2% - 6%
lower interest rates for borrowers enrolled in Elevate training

Research

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Roots Social Impact Group

Roots’ interdisciplinary team of academics from top universities conducts rigorous, randomized controlled trials and publishes their findings in top academic journals. Their data-driven approach to measuring social impact leads to better outcomes.

 

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partners

 

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Make it happen

 

Education is the most powerful weapon which you can use to change the world.

– Nelson Mandela

 

Contact Us