The project idea is to help young enterprenuers by providing financial assistance. We want to target the people who are not able to get financial assistance from financial institutions because they are considered unbankable. We want to finance those with viable business proposals. The funding is required to start the Micro Finance Institution.
We are aiming to launch a micro finance project. The cash payback period for the project is 36 months. This is considered a good business idea because a number of business people want to start up their own businesses, but because of lack of funding from local financial institutions they find themselves unable to have their dream business. The opportunities are there, but the funding is very scarce.
The opportunity for the investor will be to help young enterprenuers to realise their dreams of starting and running their own businesses and at the same time get returns from this investment.
This would realy sell in today's market because the unemployment rate is high in Swaziland (at 46%). So many people want to start their own businesses in order to have a living and to support their families and thus growing the country's iconomy. The project is current at start up level and needs funding.
Our opportunity is to help the enterprenuers to realise their dreams of having their own businesses. We will make money out of this project by charging interest and commission on every loan that we would make to an individual. We have indications that other market players are realy making money from similar opportunities.
The investment is needed for starting and growing the micro finance institution. My reasons to raise funding is to help others to start their own businesses. The disired investment intallment schedule would be three installments.