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Village Biz-Link LTD

Enables users to connect,pay,and deliver anything in Nigeria

Nigeria
Market: Internet and IT, Logistics and warehouses, Services, Financial services, Mobile applications
Stage of the project: Prototype or product is ready

Date of last change: 15.05.2023
Min amount of loan
$  15.000
Estimated yield
14 % a year
Go to the owner's profile
3
Total required
$ 50.000
Rating
equalizer from 1000
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Also this project:
- is looking for investment
 

Idea

Village is a social commerce platform that enables users to chat with friends and family, find places, products and people, send and receive packages, send, pay and receive enaira, Buy made in Nigeria products and Services provided by a nearby service provider.
It is our goal to connect people and Make everyday activities and Businesses as convenient as possible for everyone.

Current Status

We have Built an MVP ready for Market Validation.

Market

Our Customers are Young Adults 17 to 30 preferably Undergraduates who are involved in social media either as users, Influencers, Vendors/merchants or as on demand service providers.
There are over 31 Million Social media users in Nigeria the current e-commerce spending in Nigeria is estimated at $12 billion , and is projected to reach $75 billion in revenues per annum by 2025.

Problem or Opportunity

1- Lack of single platform for Both Marketing, Payments and Delivery for Both Users and Merchants/ Vendors.
2- Inconvenience of Finding On Demand Service Providers in Nigeria.
3- Unhealthy Competition Among Delivery service providers for Customers.

Competitors

-Pocket App.
-Glovo App.
-Mokoto App.
- Meta ( Facebook, WhatsApp, Instagram.)
-Jumia.

Advantages or differentiators

1- We do not Provide the Services in the App instead we are an Aggregator for Various Services.
2- Efficient and Low Cost Business Model due to the fact that we are not own or Employ drivers for Our Delivery.
3- Fast Cashless transactions.

Finance

Revenue from Dispatch Riders.
——————————————————————
N100 per average delivery. 200,000 trips.
N20,000,000.

Service charge From Customers.
——————————————————————
N100 service charge 100,000 trips.
N10,000,000.

Paid ad.
——————————————————————
<> = N1000.
1000 impressions. Per x 100 vendors.. = N100,000.
100,000 impressions = N100,000.

Commission from On Demand service providers/ Freelancers.
———————-————————————-
Average Commission Fee= N100.
No.Freelancer 2000.
=N200,000.
If 2000 freelancers and On demand service providers get an average of 2 orders per day.

Loan terms

24 months

Interest rate, %

14

Business model

Village charges delivery partners a percentage of the order amount. This revenue stream gives drivers an incentive to complete more orders and rewards exceptional performance. Village also collects service tax from consumers, which they pay using their In-app accounts. .
- [ ] N100 service fee on each order delivered from delivery service partner. Village is an aggregator for Dispatch riders.
- [ ] N100 Service Charge from Users whenever they Buy, Send Items via Dispatch.
- [ ] Paid Advertisements. N1000 Cost per Thousand Impressions.
- [ ] N100 commission from freelancers and on demand service providers for every gig.

Solution (product or service)

1- Village Connects users to Merchants/ Vendors and Delivery Service Partners/courier companies.
2- Village is an Aggregator for Delivery service partners and On Demand Service providers.
3- Village Enables in-app cashless transactions from Peer to Peer transfer, Bill payment, to payment for Products and Services.

Team or Management

Incubation/Acceleration programs accomplishment

Non Yet.

Won the competition and other awards

No

Photos

Photo 1 - Enables users to connect,pay,and deliver anything in Nigeria
Photo 2 - Enables users to connect,pay,and deliver anything in Nigeria
Photo 3 - Enables users to connect,pay,and deliver anything in Nigeria
Photo 4 - Enables users to connect,pay,and deliver anything in Nigeria
Photo 5 - Enables users to connect,pay,and deliver anything in Nigeria

Product Video

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Idea
Current Status
Market
Problem or Opportunity
Competitors
Advantages or differentiators
Finance
Financed earlier, $
Loan terms
Interest rate, %
Type of pledge
Pledge and assets
Business model
Solution (product or service)
Team or Management
Lead creditor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Photos
Product Video
Presentation