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About us

About us. A group of Social Entreprises. micro Start SCRL-FS Cooperative company Social Purpose Capital: 3,2 M EUR 12 employees. micro Start support asbl Non For Profit Subsidized Budget: 250 K EUR 5 employees & 80 volunteers. Network of 6 branches. Products & Services.

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About us

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  1. About us

  2. 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

  3. Network of 6 branches

  4. Products & Services • Business 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

  5. Our clients

  6. Below Poverty Line 80%

  7. Factsheet • Outstandingamount: 2 Million EUR • Averageloan: 4,800 EUR • PAR 90: 10% • Transformation Rate: 25% • BDS: 35% of the portfolio

  8. Disbursments(Since March 2011)

  9. New Jobs(since March 2011) 400

  10. 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.

  11. Business Model

  12. Cooperative - % Revenues

  13. NGO - % Revenues

  14. Loans/year 2500

  15. Break-Even in 2015 20%

  16. 3.000.000€ Equity needed until 2018

  17. 650.000 € Subsidies needed until 2018

  18. How Much ? State/regions 33,000 € Annual Direct & Indirect Costs of a unemployedperson Source: Study 2012 of the EuropeanFederation of Services microStart 3,000 € AnnualCostsof BDS Services and Extra Costs to access Financial Services (per Client)

  19. Main Issues

  20. Stay focused on the poorest • Innovate in new services that fit the needs (microinsurance…) • Keep a reasonable amount of loan • Word of Mouth

  21. Improve our performances • Processes • Management & Information System • New Technologies • Improve our Portfolio at Risk

  22. 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

  23. 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

  24. 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

  25. Thank you for your attention vis www.microStart.be

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