APPROACH AND METHODOLOGY
Maiyet in Partnership with Nest will offer specific guidance on product, design, and skills, and hire experts where necessary to implement the training. This training and development will focus on companies in the developing world who exhibit comprehensive economic and humanitarian benefits to their communities. According to need, Nest will oversee machinery upgrades and advise on business training, product development and design expertise, production facilities and safety, access to materials, English and literacy classes, technology development, and leadership development.
Customized programming plans will be created for every project with timelines ranging from 3 months to 3 years. Consultants, volunteers, and in-country staff will be recruited on an as needed basis to complete the project. Maiyet in partnership with Nest aims to serve over 2600 individuals throughout 18 companies over the three-year course of its commitment.
This commitment seeks to elevate existing skills and capabilities and train an additional workforce, while also increasing market access to create new jobs for impoverished individuals, mostly individuals in conflict zones.
IMPLEMENTATION, TIMELINE, AND DELIVERABLES
In September 2011, Maiyet formalized a strategic partnership with Nest. Nest will immediately begin training Maiyet's current partner companies, identifying new training opportunities, and scheduling key milestones for the three-year training forecast. Maiyet and Nest will work together to ensure successful programming and determine which programs to offer each artisan community.
Maiyet will raise $2M philanthropically over the course of the commitment, all of which will go directly towards individualized programming, training and development of current and future partner companies. Since Maiyet selects partners on a bi-annual, seasonal basis, partnerships will continue to be added approximately every six months throughout the three-year commitment, and beyond.
Additionally, for the duration of this commitment, and after its completion, Maiyet will purchase goods from select companies that are beneficiaries of this training and development. Based on Maiyet's distribution channels and sales projections, this amount will be a minimum of $3M worth of goods purchased from partner companies over a three-year time period.
Maiyet will launch in year one, and therefore projections for both spending and fundraising will grow exponentially in years two and three.
Maiyet and Nest will establish individualized compliance and progress reports, designed to suit the specific needs of each of its partner companies, which will be completed by Nest on an annual basis. Monitoring and evaluation will measure financial growth and production outputs, as well as the number of people who gain employment and acquire technical skills within each community. Specifically, these metrics include the number of individuals who gain part- or full- time employment and the number of individuals who gain management positions.
Maiyet has a presence in some of the world's most poverty- and conflict- ridden countries with the goal to generate increased employment opportunities, operational efficiencies, and sustainable growth. Within these developing economies, there exists a rich history of craftsmanship and heritage technique, which is being threatened by limited local marketplace options and increased automation of production processes. Growth in these regions is further inhibited by a number of factors, including economic and political instability, limited access to global markets, poor quality of raw materials, need for improved technical and financial support, and lack of product design and development.
Maiyet is the first systematic and global attempt to integrate a deep founding social mission while simultaneously harnessing the immense spending potential of the luxury market. Maiyet has searched globally and identified a network of partner companies that have strong leadership, beautiful craft, and transform their communities in one of the three ways: alleviate poverty; empower woman; promote peace.
Nest and Maiyet believe strongly in partnership, and are seeking additional partners that could provide financial resources, be implementing partners, or provide complimentary services to artisan partners to allow for more holistic development of their businesses and community.
Specifically, Nest and Maiyet seek to fund a revolutionary new production facility for the weavers of Varanasi that will double as a hub for the provision of social services to the rural village communities.