Photo - Rural Women Empowerment at Okekudu Village.
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Rural Women Empowerment at Okekudu Village.

Nigeria
Market: Education, training, Farming, Telecommunications, Trade, Mobile applications
Stage of the project: Idea or something is already done

Date of last change: 09.10.2017
Min investment
$  1.000
0
Total required
$ 20.000
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Idea

This project seeks to set up a small business- petty trade for 100 able but poor women in Okekudu Village of Kwara State in Nigeria. The project seeks to reduce the predominant abject poverty in the community. Stocks of #100,000 NGN shall be made available for them to trade with so that they can become self-reliant and provide for their households and add to the economic growth of the community and nation as well.

Current Status

Start up- active

Market

There are over 250 women in the community-women that actually needed empowerment.

Problem or Opportunity

Funding is my major challenge. Every other apparatuses are fully ready.

Solution (product or service)

I will empower 100 economic Active but poor women in Okekudu village through petty trade.

Competitors

There are no competitors yet as the community is yet to open to empowerment.

Advantages or differentiators

I have the innovative advantage as the originator of such initiative in the community.

Finance

By providing them with a stock of #100000NGN, they will start making repayment after 1 month. #5000 is expected to be the gain from each trader after 6 months duration.

Business model

The business model is in form of economic empowerment via stocks.

Money will be spent on

Money will be used to buy stocks for traders plus reasonable logistics to aid the purchase and distribution of the stocks to their shops / houses.

Offer for investor

I will give 5% on profit to investors.

Risks

The only risk is shortage of fund to be made available for the purchase of stocks. No visible risk in the aftermath.

Incubation/Acceleration programs accomplishment

Awareness of the initiative has already spurs the women to stand up for the task.

Won the competition and other awards

Not yet.

Invention/Patent

RC: 2523714
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Idea
Current Status
Market
Problem or Opportunity
Solution (product or service)
Competitors
Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
Money will be spent on
Offer for investor
Team or Management
Mentors & Advisors
Lead investor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Product Video