TIC x Elevyn Contest

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ELEVYN

Vision:----->>>
A world of less poverty thru fair trade, because every buyer is a socially conscious one.

If your vision is as above.. then become a friend of Elevyn and earn Karma Points

Find out more here:
Elevyn (pronounced as "eleven") aims to create wealth using fair trade online stores, and to provide an innovative platform to raise money for social causes.

We focus on a double bottom line strategy, and use 2 indicators for our performance: Social Return on Investment (SROI) and Return on Investment (ROI).

Elevyn is an online platform to empower
marginalized communities. We enable
rural entrepreneurs and non-government
organizations (NGOs) to set up online shops
and sell their crafts to a global market.
Our goal? To improve the standards of living
and financial independence of marginalized communities!


The Idea

The idea is simple - we want to encourage marginalized communities to improve their livelihoods by providing them access to a worldwide market via the Internet.

We do that by building a web-based platform that connects community-based sellers to a socially-conscious market. These online stores can be set up and managed by the communities themselves, and Elevyn works closely with NGOs and field partners on training, consultancy and advisory.

A portion of sales made thru the online store will fund specific Causes that support the local communities - "Raise $100 to buy books for the school", for example.

Elevyn also intends to empower communities. In existing cases, it is known that some craftmakers only pocket less than 10% of its final sales price in the market. This is a situation that Elevyn can change - and we foresee that more than 75% of the item's sales price can go back to the producers.

How does it work?
Communities, NGOs and entrepreneurs set up online shops
on Elevyn. They post product info, upload pictures, receive
orders, etc.
To ensure that these shops benefit the community, 5% off
every sale automatically goes to a fund which supports a
Cause.

How is it different from eBay?
Elevyn incorporates many elements that are designed to
benefit community-based sellers. For example, each shop
MUST be tied to a Cause – where every item sold will also
fund the Cause.
Additionally, the Elevyn marketplace is made up of likeminded,
socially-conscious consumers. We are able to
provide a strong market niche for sellers right off the bat.

HOW IT WORKS??


What are Causes?
Causes are community-based “projects” with a specific
mini-goal in mind. For example, “Raise $300 to buy books
for the local school”. Causes are submitted by members
and/or NGO’s – we then work with the relevant field
partners to ensure transparency and more importantly, the
beneficial effect of the cause.
How much does it cost?
Opening an Elevyn shop is free. We collect fees from:
• Listing fee - USD 0.10 for every item listed.
• Selling fee - 5% off each item sold.

Where can I find out more?
Visit our website www.elevyn.com – we also maintain a
blog at www.elevyn.com/blog. You are welcome to give us
a call at +6(03) 8023 0112 or e-mail info@elevyn.com