- Country: Kenya
- Industry: Banking, Finance, Accounting, Insurance
- Stage: Start-up
- Investment size: $50,000 / min. $10,000
- Type of investment: Debt, Equity
Experienced banker looking to start up a micro group lending facility. By pooling resources we will will contribute to community development and generate profits.
Providing micro credit facilities to low-income earners.
Small business owners and households
Interest on the loans and facilitation fees
I am a banker with handsome experience in group credit lending methodology spanning from 7yrs with groups paying 100% without failure.
Progress on the Project:
Starting from micro group lending to graduating the group lenders to individual lenders after successful good credit history
Project Timeline and Key Milestones:
2013 August henceforth. Biggest milestone is only loan funds.
Logistics, loan funds, manpower (employees)
Offering to the Investor:
Will have an opportunity to share the accrued profits, own the investment and also be a partaker in changing and touching people’s lives through financial solutions.
Payback period will depend on the amount invested but with all factors held constant the first 2 years one will see fruits coming and encouraging.
The existing field players are not flexible. As for me, I would be flexible enough to sort out customers at the point of need. You get what you ask at the time you ask.
My business will be different because I will apply a group lending methodology with field visits to identify needs and tailor products towards the same.
My advantages are sustainable in that I do create client loyalty for longevity and futurity of the business.
Rationale for the deal
This field is a vibrant one and what customers need is simplicity and satisfaction. Big lenders on the other hand are requesting complicated processes and bureaucracy.
I will secure revenue streams by establishing a clientele who when satisfied will make others come for services thus drawing income from it.
Other players are raking profits from small beginnings to bigger viable enterprises.
I have 7 years of experience in the particular business area and am well familiar with its specificities and opportunities.
Use of financing
Funding needed for:
• Loan Fund,
• Capacity building and miscellaneous expenses.
Two rounds of financing will be enough to push it to the next level.
Opportunity for the investor
Either a debt investor or equity investment would be welcome. For debt investment the amount should range from USD10000 to 20000. For equity, all amounts are welcomed.
Silent investor will be preferred.
3 instalments are desirable.
Looking for similar investment opportunities