“MAKI” TEAM

“MICRO-MATCHMAKERS”

teamApril 1st, 2016

Competition of Business Ideas «Social Entrepreneurship»

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

Reaching Full

Potential period- Greater

potential output!

- Shifting actual output

closer to potential!

B

Production Possibility Curve

Social Problem

The lack of financial support to ‘infant’ startups among the people aged 18 to 30 in Latvia in its Regions.

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.

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.

SolutionEstablish a micro loans system available by the request of the target audience.

Requirements

1.Secondary school education2.Business plan + Repayment strategy3.Starting capital

for applying for Microloan

Sources of funding

Crowdfunding platforms (ex.website)Freelancer firms (ex. investors/donors)Return from interest rates earned

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

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

Matchmaking!

Apply for a microloan - create an investor-borrower relationship of your dream!

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!

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