about us 2 a group of social entreprises microstart scrl-fs cooperative company social purpose...
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About us
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A group of Social Entreprises
microStart SCRL-FS
• Cooperative company
• Social Purpose
• Capital: 3,2 M EUR
• 12 employees
microStart support asbl
• Non For Profit
• Subsidized
• Budget: 250 K EUR
• 5 employees & 80 volunteers
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Network of 6 branches
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Products & ServicesBusiness Loans
• 100-10.000 EUR
• 36 Installments max.
• Fees: 5% flat
• Interest Rate: 8,25%-9,75%
• Individual-Group Lending
• Investment-Treasury
Business Development Services
• Idea Development
• Expert Meetings
• Group Trainings
• Individual Coaching
• Free of Charge
• Provided by Volunteers
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Our clients
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Below Poverty Line
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Factsheet
Outstanding amount: 2 Million EUR
Average loan: 4,800 EUR
PAR 90: 10%
Transformation Rate: 25%
BDS: 35% of the portfolio
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Disbursments(Since March 2011)
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New Jobs(since March 2011)
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Regulatory Framework
Immediate loss of Social Income
High Amount of Social Contributions
University Degree to get your VAT Number
If not, exam organized by the Fed. Min.
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Business Model
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Cooperative - % Revenues
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NGO - % Revenues
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Loans/year
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Break-Even in 2015
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Equity needed until 2018
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Subsidies needed until 2018
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How Much ?
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Main Issues
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Stay focused on the poorest
Innovate in new services that fit the needs (microinsurance…)
Keep a reasonable amount of loan
Word of Mouth
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Improve our performancesProcesses
Management & Information System
New Technologies
Improve our Portfolio at Risk
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Provide nice services at a fair price
Adapt the European Code of Good Conduct
Keep a reasonable amount of fees/interest
Let our clients be commited in the designing of our products
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Spend less time in Fundraising
More accessible funds
Procedures fit the size !
Start-Up Grants, loans & equity for FS
No more than 3 or 4 donors for BDS
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The right question is not whether the Interest Rate is
high or not, but probably who will pay the difference between a fair price and a break-even
price
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Thank you for your attention
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vis
www.microStart.be