Meeting minute 200213
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Solidarity Fund Meeting minutes |
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Location: |
HQ National Bloc - Gemayze |
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Date: |
February 13, 2020 |
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Time: |
18:30 – 21:00 |
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Attendees: |
Riad Akiki Lyna Comaty Anthony Behlok Sarah-Jane Fahed Khalil Wakim Jad Awada |
Agenda Items
Identify the customer segment (SMEs) that we want to support and start the screening process to filter out the entities that don’t fit our project. Some of the investment criteria to be taken into consideration are:
- Financial Metrics (Size of the SME in financial terms)
- Transaction Size (Amount to be disbursed)
- Transaction Type (Growth Equity, Recapitalization, etc.)
- Ownership and Activism (Hands-on, Non Controlling)
- Geographical (Lebanon)
- Industry (Agriculture, Tech, Financial Services, Food & Beverages)
- Maturity & Experience
- Management Team (Choose Management Responsible)
Identify the problems facing the concerned entities while focusing on the objective of the fund, amongst which:
- Increase Productivity
- Increase Exports
- Find substitutes for Imports
- Support Failing Businesses
- Decrease unemployment
Apply the work based on a clear risk framework to secure the fund and mitigate risks in the best way possible. Some of these risks include:
- Management Risk
- Business Risk
- Competitive Risk
- Market Risk
- Technology Risk
- Financial Risk
In order for the team to reassess these preliminary choices and support them with evidence the following was decided:
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Action Items |
Owner(s) |
Deadline |
Status |
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Collect Data on SMEs in Lebanon |
Whole Team |
February 20, 2020 |
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Identify potential sectors while justifying how they fit with our goal |
Whole Team |
February 20, 2020 |
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Identify a list of exportable Services that Lebanese citizens can compete in and export |
Whole Team |
February 20, 2020 |
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