Tanzania - Business creation project

Describe your project or startup in a few words

TRIN revolutionizes the way Entrepreneurs build their legacy through connections with international investments like crowdfunding to raise funds & allowing customers to access a more secured cross border payments in a digitalized community.

01.01 Describe your project in more detail

“TRIN” is the acronym for TRANSACTIONS (TR) & INVESTMENTS (IN) - {a border less bridge of Transactions & Investments.} A brilliant idea that combines the algorithm of crossborder transactions & crossborder investments to it’s customers solving vast problems of use of intermediaries like banks that charge high interest rates on crossborder transactions like SWIFT(transfer of funds) but also easen the access of Entrepreneurs to reach potential Venture capitalist investors making it a haven for investors who want to diversify their business portfolio and booting their circular flow of income in investing abroad and paving a way to meet other investors in already established communities to share more tips. “Simply a unified way of building a legacy.” for both Entrepreneurs, startups and Investors from all around the world. Also allows credit options like Digitalized SACCOS to workers to boost their salaries’ credit & solves the problem of people running away with other people’s balances.

01.02 What is the main problem you are trying to solve?

1. High Costs and Intermediaries: Traditional methods like SWIFT for cross-border transactions involve high fees and multiple intermediaries like banks, which increase costs for businesses. 2. Access to Capital: Entrepreneurs often struggle to access venture capital, especially from international sources. Proposes to create a platform that facilitates easier connections between entrepreneurs and global investors. 3. Complexity and Time: Cross-border transactions can be complex and time-consuming due to varying regulations and processes in different countries. TRIN aims to simplify these transactions through its unified platform. 4.Investment Diversification: For investors, TRIN offers a way to diversify their portfolios internationally beyond local markets. 5.Lack of Networking:It can facilitate networking opportunities & collaboration among stakeholders globally. 6. Helps in Legacy Building: support entrepreneurs in building sustainable business that can leave a lasting legacy.

01.03 Tell us the major benefits and/or advantages of using the product/service that your project intends to provide (at least 3).

1. Cost Efficiency: By eliminating intermediaries like banks, TRIN reduces costs associated with cross-border transactions and investments. This savings can be substantial compared to traditional methods like SWIFT transfers, which are known for their high fees. 2.Speed and Accessibility: TRIN facilitates faster transactions and investment processes across borders. 3. Direct Access to Capital:TRIN’s direct connection bypasses traditional barriers enabling quicker funding and investment decisions. 4. Diversification: Investors benefit from diversifying their portfolios across international markets through TRIN. This diversification helps mitigate risks and potentially enhances returns by tapping into various global opportunities. 5. Community and Networking: TRIN fosters a community of entrepreneurs, startups, and investors, creating opportunities for collaboration, knowledge sharing, and mentorship. This network effect can lead to valuable insights and partnerships.

01.04 Please describe who exactly your project is aimed at serving. Who are the targeted beneficiaries?

1. Entrepreneurs & Startups:Provides entrepreneurs & startups with a streamlined platform to access cross-border funding. It targets those who face challenges in securing capital due to geographical barriers/traditional financial intermediaries like banks. Entrepreneurs benefit from reduced costs, faster transaction times & direct access to a global network of venture capitalists and investors. This group includes innovative businesses looking to expand internationally or seeking investment to scale their operations. 2. Investors:Caters to investors interested in diversifying their portfolios by investing in startups and businesses across borders. It offers them a platform to discover new investment opportunities globally, facilitating easier access to promising ventures and reducing barriers such as high transaction costs or limited market visibility. Leverage TRIN to participate in the growth of businesses worldwide & potentially achieve higher returns through diversified investment

01.05 When did you start working on your project?

2024-05-30

01.06 How many other partners are associated with your business venture?

1

01.07 Among the other partners, how many are female?

1

01.08 Please describe the profile of each of the other partners (skills, experience, etc.)

Diligent and showing a positive mindset on encouraging his fellow peers in pursuing their dreams and aspirations.

01.09 If you have a website, a social media page (Facebook, Instagram, Linkedin…), or app, please provide the link here:

https://www.tiktok.com/@markochikongoye2?_t=8n8tZd9058I&_r=1

01.10 Which industry best describes your project?

g) Financial services

02.01.01 My project contributes to the No poverty goal

7 - Strongly Agree

02.01.02 No poverty - Justification

By facilitating easier access to capital for entrepreneurs and startups, especially in underserved regions or communities, TRIN can help create economic opportunities and reduce poverty.

02.02.01 My project contributes to the Zero hunger goal

5

02.02.02 Zero hunger - Justification

It’s not directly related to food security, but TRIN's support for economic growth and employment can indirectly contribute to reducing hunger by improving livelihoods and increasing purchasing power within communities.

02.03.01 My project contributes to the Good health and well-being goal

6

02.03.02 Good health and well-being - Justification

Improved economic conditions supported by TRIN can lead to better access to healthcare services, as well as investment in health-related innovations and solutions.

02.04.01 My project contributes to the Quality education goal

7 - Strongly Agree

02.04.02 Quality education - Justification

TRIN can facilitate investments in educational technologies and platforms that enhance access to quality education globally, promoting lifelong learning opportunities.

02.05.01 My project contributes to the Gender equality goal

7 - Strongly Agree

02.05.02 Gender equality - Justification

By lowering financial barriers and providing equal access to funding opportunities, TRIN can support gender equality initiatives within entrepreneurship and investment sectors.

02.06.01 My project contributes to the Clean water and sanitation goal

5

02.06.02 Clean water and sanitation - Justification

While indirect, TRIN's promotion of economic growth and innovation could lead to investments in clean water and sanitation infrastructure in developing regions.

02.07.01 My project contributes to the Affordable and clean energy goal

7 - Strongly Agree

02.07.02 Affordable and clean energy - Justification

TRIN can support investments in renewable energy projects and technologies, contributing to the shift towards sustainable energy solutions.

02.08.01 My project contributes to the Decent work and economic growth

7 - Strongly Agree

02.08.02 Decent work and economic growth - Justification

By promoting entrepreneurship, creating job opportunities, and facilitating investments, TRIN supports sustainable economic growth and decent work conditions in the financial sectors

02.09.01 My project contributes to the Industry innovation and infrastructure

7 - Strongly Agree

02.09.02 Industry innovation and infrastructure - Justification

TRIN fosters innovation in financial technology and infrastructure, enhancing global connectivity and efficiency in cross-border transactions and investments.

02.10.01 My project contributes to the Reduced inequalities goal

7 - Strongly Agree

02.10.02 Reduced inequalities - Justification

TRIN aims to reduce inequalities by providing equal access to funding opportunities and fostering economic growth in regions that may have been marginalized.

02.11.01 My project contributes to the Sustainable cities and communities goal

7 - Strongly Agree

02.11.02 Sustainable cities and communities - Justification

TRIN can promote sustainable urban development by facilitating investments in infrastructure, technology, and services that improve living standards in urban areas.

02.12.01 My project contributes to the Responsible consumption and production goal

7 - Strongly Agree

02.12.02 Responsible consumption and production - Justification

TRIN encourages responsible consumption and production by supporting sustainable businesses and investments that prioritize environmental and social responsibility.

02.13.01 My project contributes to the Climate action goal

7 - Strongly Agree

02.13.02 Climate action - Justification

Through investments in clean energy and sustainable technologies, TRIN contributes to mitigating climate change and promoting environmental sustainability.

02.14.01 My project contributes to the Life below water goal

6

02.14.02 Life below water - Justification

TRIN can indirectly contribute by supporting investments in technologies and innovations aimed at ocean conservation and sustainable marine resource management. For example, funding could be directed towards startups developing solutions for marine pollution or sustainable fisheries management.

02.15.01 My project contributes to the Life on land goal

7 - Strongly Agree

02.15.02 Life on land - Justification

TRIN's support for sustainable agriculture and land-use practices can contribute to conserving biodiversity, restoring degraded lands, and promoting ecosystem resilience. Investments in agrotech or conservation initiatives can help achieve these goals.

02.16.01 My project contributes to the Peace justice and strong institutions goal

7 - Strongly Agree

02.16.02 Peace justice and strong institutions - Justification

By promoting transparency and efficiency in financial transactions, TRIN contributes to building strong institutions. It can help reduce corruption risks associated with cross-border transactions and foster a more accountable global financial system.

02.17.01 My project contributes to the Partnerships for the goal

7 - Strongly Agree

02.17.02 Partnerships for the goal - Justification

TRIN encourages collaboration between entrepreneurs, investors, and communities worldwide. It fosters partnerships that leverage resources, expertise, and innovation to achieve shared sustainable development objectives.

05.01 There are a large number of customers who already use a product/service very similar to the product/service we envision creating.

1 - Strongly Disagree

05.02 The product/service we envision creating represents an entirely new type of product/service.

7 - Strongly Agree

05.03 The product/service we envision creating could be described as a new technology.

7 - Strongly Agree

05.04 The product/service we envision creating is an improvement on an existing product or service.

7 - Strongly Agree

05.05 The product/service we envision creating could be described as an extension of a range of products or services.

7 - Strongly Agree

05.06 The product/service we envision creating responds to a demand or need that has not been satisfied by other products/services.

7 - Strongly Agree

05.07 The product/service we envision creating is a new version of an old product/service.

7 - Strongly Agree

05.08 Justification

TRIN drives innovation in financial technology (fintech) and investment practices. It supports the development of new solutions and business models that address global challenges such as poverty, inequality, and environmental sustainability.

05.09 Who are your main potential competitors and what makes you stand out from them?

nala money,Pezesha and the mobile networks like Airtel money, MPESA, TIGO PESA, AZAM PESA and Halo pesa. Most of these FINTECHS are good but they only failed to boost the credit cycle to most of it’s customers & give them a variety of investment options in which they can freely choose from instead of stagnating into one single solution / service.

10.06 Are you initiating actions within your community to promote the role of female entrepreneurs?

1. Offering Mentorship and Networking Opportunities: Create mentorship programs that pair experienced entrepreneurs or professionals with aspiring female entrepreneurs. Facilitate networking events, workshops & conferences focused on building connections and sharing knowledge. 2. Highlighting Success Stories: Showcase successful female entrepreneurs through media coverage, awards, and recognition programs. By highlighting their achievements, inspire other women to pursue entrepreneurial endeavors and showcase diverse role models. 3. We support Work-Life Balance: Provide resources and support systems that help female entrepreneurs manage work-life balance effectively, such as childcare services during pregnancy &flexible work arrangements.