What type of support is provided to the entrepreneurs after the investment? Is it outsourced to partners?
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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