HR&S RISE SUPPORT CENTRES
- Burkina Faso, Ouagadougou
- Kenya, Nairobi
- Liberia, Monrovia
- Nigeria, Abuja
- Togo, Lomé
- Uganda, Kampala
- Zambia, Lusaka
RISE Centre Membership
RISE members pay a membership fee of EUR 50 per year and are entitled to:
- Eligible for a business loan with 10% interest.
Loan takers have to present programme and financial reports of the first/previous loan, before being eligible for a second/next loan.
- Support with solving well defined outcome challenges for the business.
- Training on evaluation planning, survey management, business management, branding & public relations, accounting and accountability by local trainers. The training events are given bi-annually and in a general manner.
- Yearly auditing.
- State-of-the-art reviews on topics chosen by the member.
- Monthly knowledge sharing sessions with an international community.
- Free attendance to a yearly webinar on social enterprising.
- Membership in a global network targeting social entrepreneurs in Sub-Saharan Africa.
RISE members pay a membership fee of EUR 200 per year and are entitled to:
- Services provided according to level ONE.
- Mentorship on business management.
- Mentorship on the topic of the business.
- Co-working space.
- Internet access.
- Electricity access.
- Training on IT related issues.
Agreement & pay-back
The RISE Centre staff negotiates with the potential member, develop and sign a membership agreement. When the agreement is signed by all parties, the member pays the membership fee before the 1st of a stipulated month. Then the loan is transferred, by the RISE Centre accountant, before the 10th of the same month. Thereafter payback (loan and interest) takes place monthly, due on the 10th, starting the month after the loan is transferred.
Giving out loans as business model
Some RISE members has giving out loans to the under-served population as a business model. HR&S is proud of these partners as the social good scoring is high. These members pays 10 % interest and membership fee like everyone else. At the same time are they not allowed to take more than 10 % interest from their customers. The method they can use to be able to pay their own running costs and also pay back to HR&S has three components: i) They are fully accountable and do not use funds from any other purpose, so that they always pay back the amount and in time. ii) Through this level of trust they will with time be able to handle a large amount of capital, maybe EUR 20,000. iii) They usually collect the amount evey week, as a service to they loan-taker who usually do not have access to a safe place to keep money, and can thereby give out the loan more than once during the same period of time. Thus if the RISE member gives out the loan twice the actual annual income will be 20%, giving the RISE member an income of 10 % after having paid HR&S. In this example the annual income will be EUR 2,000.
Perform the HR&S practical strategy Real-time Outcome Planning and Evaluation (ROPE) in full. Each initiative develops its own ROPE programme journal.
- A ROPE initiative starts with setting a goal and developing indicators to measure results.
- Then we develop an implementation plan, we secure finances, staff, and infrastructure, then we ensure knowledge sharing, the accounting procedures and the cross-cultural understanding.
- Thereafter we make an activity plan and assign people and institutions; who will do what, how and when.
- Now we implement, while in parallel we measure the results and analyse.
- Thereafter we revise the programme plan according to lessons learned and continue until we reach the goal we set up in the beginning.
Eligibility for a Loan
1. Your business MUST be post-revenue. RISEinvest fund does not fund businesses at the idea stage.
2. You must demonstrate a track record of cash flows.
3. You will be requested to attach documented proof for the claims you make about your business.
- Your name?
- Your email address?
- Your phone number?
- What does the company do?
- What is unique about the company?
- What big problem does it solve?
- How big is the market opportunity?
- Where are your headquarters?
- What is the size of the company in the next five years? (projected)
- What is the actual addressable market?
- What percentage of the market do you plan to acquire over the next five years?
- How did you arrive at the sales of your industry and its growth rate?
- Why does your company have high growth potential?
The founders & the core team
- What relevant domain experience does the team have?
- What key additions to the team are needed in the short term?
- Why is the team uniquely capable to execute the company’s business plan?
- How many employees do you have?
- What motivates the founders?
- How do you plan to scale the team in the next 12 months?
- Why do users care about your product or service?
- What are the major product milestones?
- What are the key differentiated features of your product or service?
- What have you learned from early versions of the product or service?
- What are the two or three key features you plan to add in the next quarter?
- Who are the company’s competitors? (there is no such thing as a business without competitors)
- What gives your company a competitive advantage?
- What advantages does your competition have over you?
- Compared to your competition, how do you compete with respect to price, features, and performance?
- What are the industry barriers to entry?
Marketing & customer acquisition
- How does the company market or plan to market its products or services?
- What is the company’s PR strategy?
- What is the company’s social media strategy?
- What is the cost of customer acquisition (CAC)?
- What is the projected lifetime value (LTV) of a customer?
- What advertising will you be doing?
- What is the typical sales cycle between initial customer contact & closing of a sale?This question is required.
- What do you see are the principal risks to the business?
- What legal risks do you have?
- Do you have any regulatory risks?
- Are there any product liability risks?
- What is the likely exit strategy?
- When do you see the exit happening?
- Who will be the likely acquirers?
- How will the valuation of an exit be determined given market comparables?
- What key intellectual property does the company have (patents, patents pending, copyrights, trade secrets, trademarks, domain names)?
- What comfort do you have that the company’s intellectual property does not violate the rights of a third party?
- How was the company’s intellectual property developed?
- Would any prior employers of a team member have a potential claim to the company’s intellectual property?
- What are the company’s three-year projections?
- What are the key assumptions underlying your projections?
- What future equity or debt financing will be necessary?
- When will the company get to profitability?
- How much burn will occur until the company gets to profitability?
- What are the factors that limit faster growth?
- What are the key financial metrics that the management team focuses on?