What type of support is provided to the entrepreneurs after the investment? Is it outsourced to partners?
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No, the support is not outsourced to partners. Grameen Communications has developed an elaborate MIS and accounting system software for all the NU projects. In addition to collecting financial information on a daily basis, this system records detailed data about yearly stock of assets, sales and inventory. It is through this monitoring system that daily figures can be sent via text/SMS messages. All of the information accumulates at the central server, which auto-generates reports for each investor daily, monthly or as desired. The NU can also view his business performance information by logging on to the system. If there is a notable difference in the figures, the Fund representative is able to meet with the entrepreneur to immediately discuss the issue and find a solution.
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