Design a microfinance business model for a refugee community.

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Global Social Enterprise

Northeastern University


You should design the outline of a microfinance program for a small community of “refugees”.You should consider the specific needs of the refugee (or IDP or migrant) community you select in designing the program.It would not be a thoughtful design to use Grameen’s model with no modifications to address the specific needs of these communities, but is a good reference.

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og kowe sanggup roosa pung Sem berped in Logopew म PिMums sigeuue jedipew 10. - ACC Oy مع مع How do we measure impact? ng in patienty and naming twen not eining pounty What will it take to scale? - Pepe enterprises JO 11. 12. -nou trust 13. Should we replicate by franchising? troue SON OF -5 person canding format Should we pay dividends? only if Call einnited capacity. -whon me now enough capital . Can we go public? aur 14. 15. Should we require business plans from borrowers? 16. Consulting :- help pick the businesses? 17. Offer additional social services (e.g., health clinic)? 18. Accept government grants? 19. Require commitments from borrowers on social behaviors? 20. What about savings accounts? 21. Does insurance make sense? 22. How will we know if we actually made a difference? 23. Should we partner? 2 Page FABRIQUE EN ESFINE Felipe Galvão ENTR2206 Spring 23018; Professor Dennis R. Shaughnessy Let's start a microfinance program for refugees! (Syrians; Rohingyas; Haitians in the DR; Cubans?) 1. Mission 2. Differences from a traditional bank? 3. For profit or not? 4. A regulated bank or a lender? 5. Who owns it? 6. Who is on the Board? 7. Where does the capital (money) come from? 8. Penal 9. Women only? mainly nomen percentage -women incuest in their tids, men spend money on vices The Loans alcance Purpose - for immediate needs or for investment? Size - how much should we loan? Length - for how long? Collateral - what is the collateral to secure the loan's repayment? Agreement - written loan agreement? Amortization - repayment schedule and interest calculation? Interest rate - how much should we charge for our money? Additional loans - when should the lending stop? How many loans? 1 Page
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Explanation & Answer

please find the attached file. i believe it aligns with what you had suggested although i had already completed.i look forward to working with you again. good bye



Micro financing



‘To promote Syrian refugees’ independence by offering them micro financing which will
ensure their independence in the communities hosting them’
By raising funds through its donors, UN in association with other NGOs can help
implement this micro financing plan and assist the over 4.7 million Syrian refugees who are
currently hosted in countries such as US, Lebanon, Jordan, and Turkey. Majority of these
refugees live below the poverty line, with at least 90% of them relying on resources handed
to them by various humanitarian organizations (UNHCR, Syria emergency, 2018). Therefore,
a micro financing program initiated with the aim of offering them affordable micro business
financing will enhance their independence and make it possible to establish a sustainable
source of income for them and their families.
Because self-employment is instantaneous and sustainable in the long term, this
program will help the Syrian refugees build their own assets and establish self-reliance. The
program will target both women and men by giving the two groups of people an equal
opportunity to access microcredit meant to improve the quality of their lives. Therefore, the
program will focus on promoting employment rate and economic development of the
refugees by offering them the necessary support to start and grow their small businesses.
Through the program, refugees will be able to restart their lives; they will integrate into the
host community, and will be able to contribute to the local communities’ economic
development. The loans will be offered to refugees at zero interest, only with the aim of
boosting their small scale manufacturing, farming, and other agriculture related small


Differences from traditional bank

Unlike traditional financial institutions which are designed with the intention of
supporting those who already have financial assets as collateral, the program will be
established with the sole purpose of providing finances to the refugees, who are classified
under poor communities and lack collateral. Unlike the traditional bank setting, the micro
credit program will offer financial support to the selected group of refugees with no
guarantees and at zero interest. The program will also offer a more flexible repayment plan
and will attract minimal interest charges for any late payments. Due to these friendly terms,
the program will be more viable to a wide range of micro entrepreneurs by providing them
with a financial bridge of the current traditional banking system and business financing.
Unlike traditional banks where the client has to look for the bank for financial
support, the NGO based micro credit program will focus on looking for viable candidates,
and offer them the loans with the least possible bureaucracy. The program will offer t...

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