#7 micro matchmakers_isl
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“MAKI” TEAM
“MICRO-MATCHMAKERS”
teamApril 1st, 2016
Competition of Business Ideas «Social Entrepreneurship»
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Strategies and methods for improving the access to
financing and promoting an entrepreneurial culture among young people aged 18 to 30 as
a way of reducing youth unemployment and improving the overall living standards in
Latvia and its regions
Microfinancing: Microloans
Authors: Maria Boyko, Karine Bagdasaryan, and Jan Nikonov
Supervisor: Robert PustisMara Deksne
School: International School of Latvia
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Reaching Full
Potential period- Greater
potential output!
- Shifting actual output
closer to potential!
B
Production Possibility Curve
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Social Problem
The lack of financial support to ‘infant’ startups among the people aged 18 to 30 in Latvia in its Regions.
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Social Problem Solution
Muhammad Yunus (Bengali: মুহাম্মদ ইউনূস; born 28 June 1940) is a
Bangladeshi social entrepreneur,
banker, economist and civil society leader who
was awarded the Nobel Peace Prize for
founding the Grameen Bank and
pioneering the concepts of microcredit and
microfinance.
Microfinance Pioneer: Muhammad Yunus
Type I: focuses on businesses
dealing with social objectives
only.
Type II: can take up any
profitable business so long as
it is owned by the poor and the
disadvantaged, who can gain
through receiving direct
dividends or by some indirect
benefits.
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Youth Unemploy
ment statistics
In 2015 the level of unemployment for people aged 15-24 was 16.3%
Youth unemployment tends to change with seasons, i.e. during the studying time (ex. in spring, winter, autumn) there would be a smaller percent of economically active youth.
In the 4th quarter of 2015 the youth unemployment rate was 19%, which is 2.8% higher than in the 3rd quarter.
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SolutionEstablish a micro loans system available by the request of the target audience.
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Requirements
1.Secondary school education2.Business plan + Repayment strategy3.Starting capital
for applying for Microloan
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Sources of funding
Crowdfunding platforms (ex.website)Freelancer firms (ex. investors/donors)Return from interest rates earned
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The process from the perspective of an
entrepreneur
Young entrepreneur presents his/her business idea (plan + repayment
strategy) on the website
Waiting for the request/s
Clarifying details and starting business
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The process from our perspecti
ve
Receiving the application from the
young entrepreneur with his/her business idea (plan + repayment
strategy)
Matchmaking investors with entrepreneurs
Clarifying details and starting business
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Matchmaking!
Apply for a microloan - create an investor-borrower relationship of your dream!
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SMALL LOANS RESULT IN BIG
BUSINESS SUCCESS!
TODAY’S SMALL BUSINESS = TOMORROW’S BIG
BUSINESSTODAY’S LOW-INCOME
POPULATION = TOMORROW’S
PROSPEROUS PEOPLEMAKE MICROLOANS AND
BUILD INCOME AND INVESTMENT FOR TODAY, STABLE DEVELOPMENT
FOR TOMORROW!
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http://www.schwabfound.org/content/what-social-entrepreneur https://en.wikipedia.org/wiki/Muhammad_Yunus http://muhammadyunus.orghttp://www.lsm.lv/lv/raksts/latvija/zinas/2015.-gada-bezdarba-limenis-latvija--99-.a170456/
Bibliography