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How many jobs created per USD invested (expected)? Are there any other social impact targets?
In the case of Grameen Telecom Trust the total investment, as on February 2015, is about half a million USD. NU provided another half a million USD. GTT already funded 147 NU projects. In addition to entrepreneurs, there will be at least 400 additional people in employment in 2015 from these 147 projects. No, there are no other social impact targets. Turning job seekers into entrepreneurs is the goal.
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How many investments were made so far?
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Have you already successfully exited some of the businesses? What are the actual/expected failure rates?
The NU program has been initiated recently and oldest project is about a year old. We need to wait f...
Are SBs 100% owned by the investor even if the entrepreneur co-invests?
These are all conventional profit-making businesses. None of them are social businesses. The entrepr...
How does an investment contract look like / is there one? (eg. Non dividend, covenants, reporting requirements)
Yes, there is an agreement. We can send you a translated version. Investor’s equity is non-div...
How does the 20% fee fit the SB definition?
The 20% fee is called the share transfer fee. This is to cover the cost associated with the services...
How is NU initiative positioned from a communication perspective versus Social Business and MFI?
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Do NUs aim to be financially self-sustainable? (fund and opex perspective)
NU has to be a business success to be able to buy off all the shares of the investor....
Who are the target group in case of NU?
Grameen bank borrowers’ children (18-35 years old) male or female is the target group of the N...
Is it mandatory to have a family relationship with Grameen Bank to receive the investment?
Yes, in the case of the NU projects the entrepreneurs must be the children of Grameen bank borrower....