For Profit social enterprises

Question 1

For Profit social enterprises

definition and types?

Answer 1

Companies that are trying to do social good - not very high profit
1. Cooperatives
2. Micro-financiers
3. Public-private partnership

Question 2

What are cooperatives?

Answer 2

• people pay money to be members, so they get services
• democratic - the members can vote
• members are kind of investors
• very small staff

Question 3

What are Financial Cooperatives?

Answer 3

• kind of a bank
• the loans are with very low interest rates
• don’t charge so many fees
• only local, small, can’t give big loans

Question 4

What are Housing Cooperatives?

Answer 4

• Housing assotiations
• the residents pay a monthly fee
• they try to kepp the house clean (painting, gardening)
• democratic - voting

Question 5

What are Worker cooperatives?

Answer 5

• everyone who works there is a shareholder in the company
• even more democratic
• don’t sell shares on the market
• if someone leaves they buy them out
• hard to fire people

Question 6

What are Producer cooperatives?

Answer 6

• connected to farms
• pay a fee when joining
• help the farmers to sell, storage, they can rent equipment

Question 7

What are Consumer cooperatives?

Answer 7

• Pl: Hungary: Metro, USA: Costco
• pay a fee and then you can come and shop cheaper
• they buy huge amounts -› lower prices

Question 8

What are Micro-financiers?

Answer 8

• kind of a bank
• they handle smalll loans
• 5-10 years
• low interest rates
  + for people who want to start their ideas
  + get access to something for which banks wouldn’t give otherwise

Question 9

Public-private pertnerships

Answer 9

the government partners with companies to do some social good
pl: budapest airport (later the government sold its part)