Business, Banking... and Orphans? ROOF Presentation 1 Nov 2011
1. Business
What is Business?
Business is the provision of goods or services in exchange for money
Where does its reputation come from?
1a. Social Business
How could business be different? Combines the dynamism of traditional business â—?
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With the goals of traditional charity
Seven Principles of Social Business ●
The goal is social/environmental, not profit
Business must be financially and environmentally sustainable ●
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No dividends, only original sum is repaid
Profit stays with business, does not go to investors or shareholders ●
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Environmentally conscious
Employees receive at least market wage, plus additional benefits ●
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Work with joy
Social Business and ROOF Provide business experience, training for adult life ●
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Income for ROOF and orphans
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Work with local community, reduce prejudice
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Social benefit for community
2. Banking
Where will the money come from?
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No credit history
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No collateral
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No experience
2a. Microfinance Pioneered in Bangladesh Small loans Targets people banks will not touch People create their own future NOT charity A chance to make a difference?
3. Project Details
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Financial and Educational
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Workshops:
Introduction ● Ideas ● Business Plan ●Progress Meetings ●
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Finance
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Profits and Sustainability