[challenge:future] mantra-bd
TRANSCRIPT
TEAM:
MANTRA-BDBY..
RIFAT-BIN-SALAM
BANGLADESH
WHAT IS INSIDE?
MICRO CREDIT + SOCIAL BUSINESS
= MICRO SOCIAL BUSINESS (MSB)
PRIMARY FOCUS:
• UNDERDEVELOPED AND DEVELOPING COUNTRIES.
• COUNTRIES WHICH ARE FACING CHALLENGES TO ACIEVE UN’S MDG (MILLENIUM DEVELOPMENT GOAL).
IDEA SPECIFICATIONS
SO?
WHAT?
WHERE?
HOW?
MICRO SOCIAL BUSINESS (MSB) COMBINATION OF MICRO CREDIT AND SOCIAL BUSINESS.
• PROVIDING MICRO CREDIT TO THE UNDERPREVELIEGED AND UNEMPLOYED YOUTH TO START MICRO SOCIAL BUSINESS.
• MSB WILL BE LAUNCHED BY A VERY SMALL AMOUNT OF CREDIT.
• MSB WILL FOCUS ON SOCIAL PROBLEM.
MSB IS A FEASIBLE SOLUTION TO FIGHT UNEMPLOYMENT + SOCIAL PROBLEM
MSB FRAMEWORK
TAKING MICRO CREDIT
IDENTIFYING THE SOCIAL PROBLEM
IN THE COMMUNITY
WHERE CREDIT WILL BE INVESTED
CREDIT WILL BE REPAYED AFTER MSB VENTURE
BECOMING PROFITABLE
• Grameen Bank is the premier organization to provide Micro Credit• The credit requires to open an MSB can be sourced even from friends and family.
AFTER CREDIT REPAYMENT A MSB VENTURE WILL PROVIDE
MICRO CREDIT TO ANOTHER
UNEMPLOYED YOUTH IN THE
COMMUNITY AND THE OWNER WILL ENJOY PROFT AND
BEAR RISK •MSB can address different types of issues in the community:•Nutrition solution a small fruits’ shop•Education materials a small book store•Street vendors Jhal muri, Pickels etc.•(a slide on project prototype is given later)
• MICRO credit from Grameen Bank is very easy to repay as interest rate is minimum. • Credit sourced from friends and family, also comes with more easier payment terms.
Step 1
Step 2
Step 3
Step 4
COMPARATIVE ASSESSMENTTRADITIONAL
BUSINESSMICRO SOCIAL BUSINESS
Don’t usually focus on social causes.
Each MSB will address one social cause/problem
in the community.
Don’t provide micro credit to launch
another business.
After being profitable each MSB will support at least one underprivileged youth to launch another
MSB.
No traditional business is aligned with UN’s
Millennium Development Goal
(MDGs)
MSB will primarily focus on the issues which are
related to MSB.
Provides employment opportunity to educated and
privileged youth.
Semi educated and underprivileged youth can be self employed by MSB.
COMPARISION WHAT GLOBAL YOUTH LEADERS THINK ABOUT MSB?
"MSB sounds really promising and model is easy to adopt, reachable, Impact based and important part is - this kind of model is real need for youth
especially students.“- Jatin Kataria ( India)
"In Venezuela I have seen micro credits, but not in the social business area, as you say, MSB sounds to me as an unexplored mixture."
- Carlo López Scutaro (Venezuela)
“This initiative is brilliant and quite relevant in poor countries, as one of the greatest challenges of SME growth and development, especially at
the grassroots is lack of finance.”- C:F Alumni Feedback
A MSB PROTOTYPE
• Jhal muri (local food) seller Requires BDT 2000/USD 25 to start• Road side tea & snacks Requires BDT 1200/USD to start• Flower seller Requires BDT 1500/USD 20 to start• Fruit seller/Water supply Require BDT 5000/ USD 60 to start
There are 30 million unemployed people in Bangladesh and about 50% of them are illiterate, semi-educated. (ILO data)
This is road side tea seller in Dhaka, Bangladesh. A MSB of this type can be launched with 5000 BDT or 70 USD.
Tea, Biscuits, Bread, Candy, Mineral water are the common items which are sold in this type of store.
OTHER MSB POSSIBILITIES:
MSB will be open a wide opportunity to them by enabling them with micro credit.
Please note: BDT refers to Bangladeshi Taka and the amount mentioned is done on the basis of approximation after discussing MSB opportunities with few underprivileged youth.