Nicolas Krafft is an entrepreneur and businessman who is most well known for the extensive work he has done as a part of the renowned L’Oreal personal care products company. The firm is well known globally for its lines of products that are used for purposes such as skin care, hair color, make-up and perfume among many other uses. Nicolas Krafft has previously served in the role of Deputy General Manager at L’Oreal’s operations within Eastern Europe. He has also formerly served as the Marketing Director for the Asian operations of the L’Oreal company. One of the most important values that Nicolas Krafft has cultivated during his many positions of leadership at L’Oreal is the idea of ethics in business. This is a value that is of the utmost importance within the company culture at L’Oreal.
The fact is that L’Oreal has a consistent approach that it applies toward the goal of operating an ethical business. A large part of this approach includes being very proactive in making sure that ethics are at the forefront of any decision made in regard to the overall operations of the business. L’Oreal has been able to consistently maintain an ethical business through adhering to the principles of respect and transparency along with the principles of courage joined with integrity. These principles are applied to the way that the company engages in innovation and also act as guiding principles in terms of striving to be a socially responsible company that has a great deal of respect for the environment.
L’Oreal is noted for being very transparent in its company views regarding the issue of human rights. This is one of the most significant factors that the company takes into consideration in regard to major decisions for the business. This commitment has been recognized numerous times over the many years that the business has been operating. Most recently, L’Oreal was named to the 2018 list of the World’s Most Ethical Companies. This prestigious list is compiled annually by the Ethisphere Institute. Nicolas Krafft and the entire leadership team at L’Oreal are incredibly proud of the fact that the company has received this tremendous honor.
Stream Energy is a worldwide renowned energy company based in Texas and Dallas Cities in the United States. The company deals with multi-level marketing of energy and provides wireless, protective and home services. This company was founded in the year 2004 with two entrepreneurs Mr. Pierre Koshkaji and Rob Snyder. It also has its offices in Oakland, Georgia, New Jersey, New York, Delaware, Maryland, Texas, and Washington DC. The company sells electric services and gas in the named states, but the other services are available to all citizens across the country. The company also serves at international levels by providing home services and protective services. This has given the company a good name and thus becoming one of the largest energy companies in the world.
Being the largest company in Dallas and Texas, Stream energy has always desired to help the community in Texas. It has therefore established an independent arm which deals with charity activities. The new division is known as the Stream Cares Foundation. This new arm of Stream Energy is responsible for Charity programmes which the company will render to the community. This arm was launched in 2016, and since then it has undertaken many philanthropic activities.
Stream Energy was the only company which offered a hand of support to the affected families during the Hurricane Harvey in Houston. The company provided financial support to uplift and helped the affected ones restore their livelihood status. During the Texas tornado, Stream Energy under its foundation financially helped the Texas residents. Another remarkable activity is when the homelessness crisis hit the Dallas state. The company came in and offered clothing and necessary items to the vulnerable and needy children in the country.
Stream Cares Foundation in conjunction with other corporates also has an elaborate program for the offers support to the military families. The most common application is the American Girl Doll Experience which is like a competition like a program for daughters of American Soldiers. This program aims at financially supporting the families of the American Military personnel.
This philanthropic arm has given Stream Energy a good reputation.
Greensky is a fintech that connects borrowers with banks for instant loan processing. It is seen as an offline version of Lending Tree. It does not send any money to borrowers but offers the technology needed to connect borrowers to the lenders. It makes its profits through the fees it charges to facilitate the transaction between these two parties. It is one of the best performing fintechs at the moment. In 2017, it managed to facilitate over $230 million in loans which was a huge improvement from what had been recorded the previous year.
GreenSky offers win-win-win
Investors in this fintech have high hopes that it will turn out to be one of the most successful investments in the future. One of the early investors in this company is the co-founder of Capital One Nigel Morris. He is the first institutional investor to buy shares in this company. One might want to know what win-win-win standards for. Nigel Morris came up with this description referring to the fact that merchants, consumers, and banks benefit from the operations of the fintech.
Nigel Morris is a reputable investor who managed to build Capital One from a tiny startup to the largest credit card issuer in the world. So, when he talks about the prospects of GreenSky being the next big thing, he is doing it from the point of information.
Why is it a win-win-win?
Nigel Morris calls this a win-win-win business for obvious reasons. Merchants or contractors get a chance to convert customers who were stranded without cash to pay for services and even upsell other services since the loan processed can be higher than the actual amount applied for. Consumers, on the other hand, enjoy the freedom of paying for certain services with flexibility. The loan repayment is paid over time and therefore does not bother the consumer too much. To make it better, consumers pay for the loan without incurring any interest. For the banks, they benefit from high loan volumes with minimal effort.
In the whole process of win-win-win, GreenSky also benefits. Each of the transaction it facilitates is charged. They also get a consistent stream of income for the period of servicing the loan. The transaction fee usually is about 7.4 percent of the transacted amount.