A living wage is a wage that covers the basic necessities of life. This includes food, water, housing, health care, education, clothing, transportation, and other essential needs, along with provision for unexpected events. We use wage research from a third party organization, WageIndicator Foundation, to determine the living wage in the countries we produce in.
Of the estimated 75 million factory workers around the world (85% of whom are women), only 2% are earning a living wage. 100% of our producers have consistent, full-time work with a living wage and benefits including health care, 15 days of paid vacation per year, a monthly stipend for producers with children, and biannual bonuses. As a result, they are experiencing an annual income increase of 111% (more than double what they were making before), and are investing their income back into the health and development of themselves and their family members. Additionally, we teach our producers how to open a bank account so that they can have access to financial services and be paid through a secure medium.
To us, at Nisolo it’s about more than just paying our producers well though. We want them to thrive, which is why we offer a suite of livelihood trainings on personal finance, preventative health, and professional and personal development. We provide the resources for our producers to take ownership of their dreams and make them their reality.