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CredAble launches ‘I.M.P.A.C.T: Important to Act’

CredAble launches ‘I.M.P.A.C.T. Associates with RAHI – Rise Against Hunger India to launch the first leg of the program. The company has volunteered to pack 20,000 meals in coordination with RAHI to distribute them to the group of people who are food insecure, to help achieve the goal of eradicating hunger

CredAble – India’s largest working capital tech platform, is thrilled to launch a new initiative, I.M.P.A.C.T. – Important to Act, a CSR & Sustainability enterprise of the brand.

The initiative is aligned with the company’s vision to create an ecosystem and provide numerous opportunities for people at CredAble to come together to identify and act towards social causes & participate in various sustainability initiatives.

Embracing this ideology, CredAble has associated with RAHI -Rise Against Hunger India to unveil the first leg of the program with a purpose of eradicating hunger in India. As part of the association, the company has volunteered to pack 20,000 meals in Mumbai and Noida, with the help of 150 + volunteers.

Excited to speak about the launch of the initiative, Mr. Nirav Choksi, CEO and Co-Founder, CredAble, said, “At CredAble, we are committed to creating a better tomorrow. CSR & sustainability initiatives have been core to our company’s values and an integral part of everything we have done in the past years.

Along with powering the growth journey of businesses big and small, we are on a mission to give back to the socio-economically backward communities in society and back projects that create a greener future by building innovative sustainable solutions for the environment. In our continuous endeavors to bring greater change to the community, we’re extremely delighted to join forces with RAHI and launch I.M.P.A.C.T.— Important to Act, a CSR and sustainability initiative of CredAble.”

RAHI envisages a world without hunger and, in line with UN Sustainable Goal 2, aims to end hunger by 2030. This is accomplished through a hands-on meal packaging program that provides volunteers the opportunity to package dehydrated, high-protein, nutritious meals.

Over the last 5 years, CredAble has enabled liquidity for several small, midsized & large corporates across India Inc. and will continue to revolutionize the world of working capital financing. Its culture statement defines the organization’s beliefs and is centered around what they value the most when it comes to people’s behaviours.

These cultural statements reinforce the company’s larger goals and feed into the everyday work life of their people. Addressing the initiative and the much-valued association with CredAble, Mr. Dola Mohapatra Executive Director, Rise Against Hunger India said, “Rise Against Hunger India is a non-governmental organization that works with a vision of a world without hunger.

The mission of the organization is to nourish lives, empower communities, respond to emergencies and grow the movement towards ending hunger. Since operations were started in 2015, more than 23 million meals have been served to the hungry in 19 states of India.

Rise Against Hunger India carries out a volunteer engagement program where volunteers come together to package highly nutritious dehydrated meals comprising of rice, dal (lentils) & vegetables, fortified with micronutrients & minerals. Rise Against Hunger India is thankful to CredAble team for hosting two such events in Noida & Mumbai on November 17th, 2022 where 20,304 meals will be packaged by employees of CredAble. “
Since 2015, Rise Against Hunger India has served more than 2 crore meals with the support of over 46,000 volunteers in Bangalore, Hyderabad, Chennai, Mumbai, Delhi, Pune, Gurgaon, Noida, Patna, Aurangabad, Ahmedabad & many other locations. Each meal comprises a dry uncooked mix of rice, dal, dehydrated vegetables, and a vitamin sachet comprising 23 micronutrients and minerals.
Nearly 60 to 70% of meals support education or youth development programs and the remaining go for disaster relief, shelter for the elderly, orphanages, homes for the destitute, etc. The aim of this association is to further build on the competitive advantage of both organizations and amplify the hunger eradication efforts carried out by both partners.

About CredAble:

CredAble is India’s largest working platform enabling more than USD 5 billion annually in working capital for India Inc. which includes large, mid, emerging corporates, MSMEs, and financial institutions. CredAble’s platform hosts over 100 corporate customers, over 3,50,000 small business borrowers, and over 30 large financial institutions and banks. By leveraging our technology built in-house, expertise in big data analytics, trade finance, and partnerships with capital providers, we lead the working capital space while witnessing over 500% year-on-year growth.
The Company was recently awarded the “Best Technology Use Case” award at BW Business World Unicorn Summit 2022, for building a tech stack that is robust & agile which has transformed the working capital landscape in the country. It was also awarded in the Fintech, and Deep Tech categories at NASSCOM Emerge 50 Awards 2020 and as the Best Supply Chain Finance Solution of the Year 2019 at the Inflection 2019, a leading supply chain summit. The Company was selected into the Oracle Startup Cloud Accelerator Program 2018, SAP Startup Studio Cohort 2020, and was also recognized by the Maharashtra Government as the Best FinTech Startup 2018.

About Rahi – Rise Against Hunger India:

Rise Against Hunger India is a hunger relief organization that provides food and life-changing aid to the world’s most vulnerable; it engages multiple actors and mobilizes the necessary resources to end hunger by 2030. While communities work toward a future in which they can thrive, vulnerable families and individuals around the globe still have basic, immediate needs.
That’s why Rise Against Hunger India supports safety net programs that provide nourishment, as well as additional skills training or services that support the difficult journey out of poverty. Rise Against Hunger India meals are provided in schools to encourage increased enrolment and attendance.
Meals distributed in hospitals and clinics may support patients’ nutritional needs and complement their treatments. For community empowerment programs, Rise Against Hunger India focuses on skill enhancement, income generation, and sustainable food security through community-based projects on climate-smart agriculture, land and soil management, food production, storage and marketing, and the introduction of new technologies for small farmers.
This article was shared with Prittle Prattle News as a Press Release.
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