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That 15 percent goes to cover operational costs and contribute to profit.
Mr. Dickerson said the new financing was not a move to cover operational costs.
It is asking its members — many of them farmers — for $11.3 million more to cover operational costs.
The company recorded a 17percentt growth in revenue in the first half of this year, enough to cover operational expenses.
Revenue gained from user fees is employed to cover operational costs, repay loans, or improve the platform service itself.
The main reason for this is that water supply tariffs are very low and do not even cover operational costs in the majority of the regions.
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The World Society for the Protection of Animals donated supplies for this pilot, and BAWA covered operational costs.
According to Iraq's 2015 budget framework, the KRG should receive $1.2 billion U.S. dollars monthly to cover its operational needs ($950 million to cover salaries and government operational costs, and $200 million to finance around 1800 projects under implementation).
Sponsors, including Lucozade and Adidas, cover the operational costs, while volunteers (20,000 in 2012) keep the runs in full flow.
They will also be able to obtain funding, sponsorship and investment from Vietnamese and foreign individuals, enterprises and NGOs to cover their operational and administration costs.
Their $100 million pledge, with interest, will cover all operational costs, so that 100percentt of all the other donations will go directly to beneficiaries.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com