Over 18 years, the EA group of ventures has trained and mentored over 15,000 youths in Nagaland and Manipur, supported more than 10,000 farmers to take up livelihood activities in rural areas and worked with 1,500 SHGs for livelihoods, enterprise development and credit linkages.
EA has also pioneered in the launch of the first two social businesses, ASPORA and EANFER. EA has harnessed 1150 faith based organizations, national banks and private banks, the North-East Development Finance Corporation, the National Rural Livelihoods Mission and the University of Nagaland to infuse capital of up to INR 150 crores with 100% recovery. From 2000 to 2010, EA ran crowd funding programs that generated INR 15 crores from local citizens in building the culture and environment of entrepreneurship in Nagaland.
EA’s action on the ground has moved government policies in favourable directions. In a state where entrepreneurship was alien, the government of Nagaland declared the years 2010-2012 as the ‘Year of the Entrepreneur’. Schools, university and college campuses are turning into active trainings grounds for new generations of entrepreneurs. In 2017 EA was selected by the National Rural Livelihoods mission to launch the Start Up Village Entrepreneurship Program (SVEP), launching 2400 rural enterprises in the region.
Based on its exhaustive experience and its impact on the entrepreneurship sector, EA’s vision and mission as described below:
A world where entrepreneurs create inclusion and equity, and take society forward as part of their own success.
Seeding and empowering Feast of Merit Entrepreneurs through trainings, finance and mentorship.
Sustaining ventures that emerge from local cultures and ideas through market, policy and systemic change.
Scaling behaviour change in individuals, communities and institutions to adopt, act and champion Feast of Merit Entrepreneurship.