Nipate
Forum => Kenya Discussion => Topic started by: KenyanPlato on July 25, 2021, 12:28:38 AM
-
I am funding women randomly on their business ventures. I am targeting the extremely poor and venerable. My goal is to see if little capital can improve lives
First project I am buying an oven for a baker. She thinks she can make about 8k a month more with an oven. My investment to this is 300 dollars. Let us see how it does. First order next week profit of 8k
-
Naona umeingia hustler nation mdogo mdogo.
Anyway seriously that is good move.
I would try to rejig it - never give anything for free.
Give it as loan
If she fails to meet the target - take it and give it to another person.
The moment you give it as freebie - she or he will sell it at slightest challenge
If you make it a loan product - you 300 dollars is scalable - and can help many more.
So buy it - give it to her as hire purchase - give her grace period - and then eventually collect repayments
and plough it into another deserving business.
If she fails - reposesses your bakery - and give it to someone else.
If you dont have the time - go to any hire purchase company - and make the initial deposit - let her repay the rest - if she fails; they will reposess;
Of 300dollars - you may only need 50 dollars;
So you can assist 6 business instead of 1. You happiness big. Your impact greater.
-
Good idea. I will try it this way and see how it works