What are eligibility criteria of NU (Young Entrepreneur)?
The eligible criteria are:
- Grameen bank borrowers’ children
-Parents must have been Grameen borrowers for at least 3 years
-18-35 years old
-No loans from any other banks or financial institutions
-Physically involve in Business
Related Contents
What is Nobin Udyokta (Young Entrepreneur)?
“I should never seek a job in my life; my mission in life is to create jobs. I am not a job se...
How many investments were made so far?
1398 Nobin Udyokta projects (upto july, 2015) have already been presented. 1051 Nobin Udyo...
Have you already successfully exited some of the businesses? What are the actual/expected failure rates?
The NU program has been initiated recently and oldest project is about a year old. We need to wait f...
How many jobs created per USD invested (expected)? Are there any other social impact targets?
In the case of Grameen Telecom Trust the total investment, as on February 2015, is about half a mill...
Are SBs 100% owned by the investor even if the entrepreneur co-invests?
These are all conventional profit-making businesses. None of them are social businesses. The entrepr...
How does an investment contract look like / is there one? (eg. Non dividend, covenants, reporting requirements)
Yes, there is an agreement. We can send you a translated version. Investor’s equity is non-div...
How does the 20% fee fit the SB definition?
The 20% fee is called the share transfer fee. This is to cover the cost associated with the services...
How is NU initiative positioned from a communication perspective versus Social Business and MFI?
NU is a social business of the investor. But it is a conventional business for the NU. NU gets equit...
Do NUs aim to be financially self-sustainable? (fund and opex perspective)
NU has to be a business success to be able to buy off all the shares of the investor....
Who are the target group in case of NU?
Grameen bank borrowers’ children (18-35 years old) male or female is the target group of the N...