Photo - Manyumba
play_arrow
View
60863

Manyumba

Find your next home with us

Kenya
Market: Real estate, Financial services
Stage of the project: Operating business

Date of last change: 15.01.2024
Min amount of loan
$  30.000
Estimated yield
8 % a year
Go to the owner's profile
15
Total required
$ 350.000
Rating
equalizer from 1000
help
Calculated and estimated occupancy of the project (more about ratings)
My rating
1
2
3
4
5
6
7
8
9
10
Average rating:
Also this project:
- is looking for investment
 

Idea

We provide a platform for realtors to list properties they are selling or letting combined with a Real Estate Management System for efficient and hustle-free property management. We also issue short-term relocation loans to tenants (up to three months) and Rental loans to landlords (up to 12 months repayment period). This platform is an app and web-based for convenience and time-saving.

Current Status

We are currently operating, our platform is online and real estate products in the market. We have employed 7staff, 4 ladies and 3gentlemen. We currently have approximately 1000usersin our platform and more than 15 clients who buy our real estate products directly from us. Last Year we made revenues of approximately $ 90,000

Market

According to the National Association of Realtors in Kenya, an estimated 50% of buyers used the internet to search for properties with that figure increasing to 93 % for people under the age of 36 this is likely to grow, we are positioning
ourselves to be the preferred real estate platform.

Mostly our products is designed to fit young people between the age of 16 and 40 years of age, this is also the biggest population and highest product consumer in Africa.

Problem or Opportunity

In Kenya/Africa, Tenants and home buyers waste a lot of time and money while looking for homes, at the same time risking to lose their hard-earned money through fraud which is relatively high in this region’s real estate industry.

Competitors

Buy rent Kenya
Property 254

Advantages or differentiators

Our platform will reduce fraud in Real Estate industry in Kenya and
Africa, this has been very common in the industry.
• Will reduce turn around time for house hunting from one week to 48
hours.
• Property management will be made easier and affordable through our
portal. The cost will be reduced from the traditional 10-20% to just 3%.
• The system is a state of the art with screening abilities to get landlords
best tenants.
• One stop solution to all real estate related problems, i.e. house from all
walks of lives, mortgages, home insurance , property development and
property advisory in a single platform.
• Provide Diaspora portal, Africans abroad can buy properties back home
without fear of being duped and buyers at home can as well buy
property abroad hustle free.
• Issue Short term relocation loans to tenants, and landlord loans to
landlords who have listed and managing their properties through our
platform, this is through a third party financial intuitions.

Finance

Revenues Streams
 Fee on listing
 Fee for using our property management software
 Commission on property sold
 Advert fee from financial institution, insurance firms and property
developers .
 Interests from loans issued on our platform

Loan terms

60 months

Interest rate, %

8

Type of pledge

Real estate

Pledge and assets

We are willing to give company stake, intellectual properties and real-estate that the company owns.

Business model

COMPETITIVE
ADVANTAGE
• Easy to use
• All real estate products and services in one platform
• Huge database of properties
• Virtual tours
• Agents across the whole region
• Short term Loans to Landlords.
• Relocation Loans to tenants.

Solution (product or service)

We provide a platform for realtors to list properties they are selling or letting combined with a Real Estate Management System for efficient and hustle-free property management. We also issue short-term relocation loans to tenants (up to three months) and Rental loans to landlords (up to 12 months repayment period). This platform is an app and web-based for convenience and time-saving.

Team or Management

Risks

Some of the possible risk is as below:

1. Tax, currently there are some proposal in the parliament to add taxing real-estate, one of them has been implemented, i.e. capital gain tax from 5% to 15%, however the other suggested has a strong opposition.


Incubation/Acceleration programs accomplishment

N/A

Won the competition and other awards

We were nominated as start up and founder of the year for 2023 in FOYA Awards Africa.

Photos

Photo 1 - Find your next home with us

Product Video

5,00
1
2
3
4
5
1 voice
Sign in/Sign up
arrow_back
EN
more_horiz
close
visibility807
star0
Add to favorites
Delete from favorites
share
close
thumb_up0
Like
Unlike
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