gro business plan

GRAMEEN REACH OUTCrowding in. Singling Out.

The Problem

Financial Inclusion is only undertaken by the large

firms etc. Give access to everybody to participate.

The need to fund basic services, such as education

and vocational training for the development of

people and the country.

To be able to provide working capital for businesses

through the hands of the masses.

State Inclusion in India

The solution

A Crowd Funding platform that is accessible to

anybody in India.

To provide capital either directly to the borrower or

to the borrower through Social enterprises and

Micro-Finance Institutions (Field Partners).

The target sectors: Financial Services, Education,

Vocational training, Agriculture Healthcare, Start up

Businesses, Energy.

Competitive Analysis

Other Crowd Funding Platforms affecting the same

sector in India are Rang de and Milaap.

Rang de works only directly with the borrowers. This

allows them to only access a certain pool of

borrowers and makes the process less efficient.

Milaap works through Microfinance institutions and

charges the MFIs a 8% interest on their loans which

is then given back to the lenders.

How It Works

Lending Process: The loan could be disbursed by

the field partner, before the profile is put up or 90

days after. The loan could be either given to the

borrower indirectly through the field partner or

directly to the borrower.

Repayment Process: The field partners will log in their

books the borrowers that have borrowed with the help of

GRO. They will track the loans and report to GRO

frequently.

At the end of the time given to them, they will pay GRO the total amount of money that is needed. This money will be given to GRO at the end of each month.

GRO will have a system that flags lenders who need to be repaid. The Field Partners will alert GRO if the repayment is not completed.

The field partners will have a certain time period to collect the remaining repayment or entire repayment and then the money given will be repaid. If not the complete amount, it will be repaid proportionately

Funding & Partnerships

Platform Enablers: Amazon or Flipkart.

Potential Funding:

1. Bill and Melinda Gates Foundation,

2. 1 million dollars from Grameen Foundation,

3. Shell Foundation

4. and CSR from companies such as TCS.

Risks and Mitigation

Borrowers Risk: Either the Field partner assesses

the Borrowers or GRO will offer a risk rating manual

for Borrowers.

Filed Partner Risk: Rating system for MFIs and SEs

has been created with Grameen Capital for their

Debt Fund.

A timeline will be created with different stages of

field partners and distinction for High risk, Moderate

risk and low risk loans.

Milestones

As project head, I will have to hire software engineers,

accountant and administrative managers.

December ‘14: Obtain funding or partnership.

December ‘14 to April ‘15: Travel around in India and in

discussions with field partners as well as risk Rating.

Such as Cashpor in Varanasi, Ujjivan in Banglore.

April ‘15: Opening of Website and start of GRO Crowd

Funding Platform.

December ‘15: Disbursed 3500 loans through GRO.

Thank you