As a social enterprise, Good Market not only reports on financial sustainability, it also reports on public benefit. The below report is for April 1, 2016 to March 31, 2017.
Good Market started in 2012 with 33 vendors. By the end of March 2017, there were 342 Good Market approved vendors. As of November 2017, there are 485 Good Market approved vendors.
Vendors have reported that being part of the Good Market community has enabled them to start outlets and restaurants, supply major retailers, secure new orders and trade partners, and identify export opportunities. Many Good Market vendors have established trade relationships with other vendors.
Good Market organized 98 vendor events between April 1, 2016 and March 31, 2017. On average, 69 vendors participated in the Saturday Good Market each week in 2017. As of November 2017, 382 weekly events have been organized since the Good Market started in 2012.
The Good Market organic and natural food shop officially opened in August 2014 to expand services to customers and vendors. It has served as an incubator for organic farmers and suppliers of natural food, body, home and garden products.
The shop had products from 116 vendors in the past year and paid Rs. 30.4 million to Good Market approved social enterprises and responsible businesses. As of November 2017, the Good Market shop has paid Rs. 94.6 million to Good Market approved vendors.
Good Market focuses on providing part-time employment opportunities to local students. Team members learn about social enterprise, consumer health, organic certification, and natural food, body, home, and garden products. To date, Good Market has trained 67 team members and alumni.
Good Market has more than 97,000 followers on Facebook and more than 5,000 followers on Instagram.
Organic Participatory Guarantee System
Good Market has served as an incubator for an organic participatory guarantee system that is run by volunteer technical leaders, producers, and consumers.
In 2017, there were 114 producers and 102 acres of land under the Good Market Organic Participatory Guarantee System.