Nouma was founded in 2016 and has been managed as a societal impact company (SIS) since 2020. Its founder Emma Zimer explains the reasoning behind this decision and the benefits the legal status offers.  Photo: Flavio da Costa

Nouma was founded in 2016 and has been managed as a societal impact company (SIS) since 2020. Its founder Emma Zimer explains the reasoning behind this decision and the benefits the legal status offers.  Photo: Flavio da Costa

In this social entrepreneurship series, founder and director of participatory housing societal impact company (SIS- société d'impact sociétal), Nouma, explains why the company made the switch to become a social enterprise in 2020.

Why did Nouma make the switch to become an SIS?

My wish from the very beginning was to be a social impact company. The moment it became possible to register as an SIS, I put in my request. To me, every company should be a social impact company and have as an objective to create positive impact and not just to generate profit.

What should social entrepreneurs consider before striking out?

If you feel it, then just do it! We are a growing community of SIS companies in Luxembourg, and I believe we’ll become a very interesting network to follow. Being an SIS adds administrative work but there are resources to help within the social business incubator MeSIS and the SIS network.

What’s the most rewarding part of running a social enterprise?

For me, it is very important that my company aligns with my values. Being an SIS makes this a possibility for me. I love being an entrepreneur, but it only makes sense if the value I create helps the world become a better place. Being an SIS provides a label that consolidates this position.

 It forms part of a 5-part SIS series.