Author Topic: Social experiment  (Read 830 times)

Offline KenyanPlato

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Social experiment
« 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

Offline RV Pundit

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Re: Social experiment
« Reply #1 on: July 25, 2021, 01:07:41 AM »
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.

Offline KenyanPlato

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Re: Social experiment
« Reply #2 on: July 25, 2021, 04:52:20 AM »
Good idea. I will try it this way and see how it works