Current and Past Programs
At Lightroad, we are proud to have been involved in numerous impactful programs that leverage innovative finance for social good. Below, we highlight key programs where we are involved, showcasing our commitment to creating sustainable and inclusive economic systems.
Project VidyaPravaah
Project VidyaPravaah is a financing model designed to make education/ skill programs more accessible and affordable by providing deserving students with access to funding through a combination of loans and grants. The model uniquely blends CSR or donor capital with commercial capital, creating a multiplier impact of up to 20X leverage on donor capital. Under this model, philanthropic capital serves as a risk guarantee for financial institutions, enabling them to extend loans to students who otherwise lack access to financial support. Alternatively, the model will also include an option for returnable grants if loans from financial institutions are not possible, where students receive financial support with the understanding that they will repay it after completing their studies, serving as a moral obligation rather than a traditional loan. Beyond financial assistance, Project VidyaPravaah shall offer students mentoring support, providing a holistic approach to enhance their academic and professional development.
Project Vasundhara
Designing Blended Finance solution for livelihood promotion through EV based mobility solutions leading to financial inclusion and climate action, in collaboration with NBFCs
Future Economy Lab Asia by Secondmuse
The Future Economy Lab Asia (FELA) of Secondmuse is an ongoing initiative that focuses on redefining economic development across Asia. This program engages a diverse range of stakeholders, including investors, government bodies, and community leaders, to collaboratively design innovative financial mechanisms. By weaving together various funding sources, such as government contracts, philanthropy, and traditional investment, FELA aims to create financial solutions that drive returns, reduce risk, and foster large-scale positive impact.
As a partner in FELA, Lightroad supported Secondmuse in designing blended finance mechanisms for financing Gender-Smart Climate Businesses in Asia.
Revolving Loan Fund involving plastic credits to combat plastic pollution
Supported Secondmuse in designing the USD 8 million Revolving Fund. This is backed by the VISA Foundation, will offer flexible, zero-interest loans from $150,000 to $500,000 as well as technical assistance. By recycling the capital, the fund aims to deploy as much as $18 million. The fund will make use of plastic credits to provide an additional revenue stream for recyclers and help cover the program’s costs. The credits, akin to those for carbon, are tied to plastic diverted from landfills or incineration.
