Ghana - Startup under 3 years old

Describe your project or startup in a few words

Wearchron is an online Fashion Store which bridges the gap between sellers and buyers in our local communities.

01.01 Describe your startup in more detail

Wearchron is a Fashion e-commerce platform which grants buyers the ability to buy from variety of sellers including brands and local(individual) sellers. Anyone can be a seller irrespective of gender or age but must be able to operate an electronic device and have an inventory to sell. To become a seller on wearchron is absolutely free! Wearchron also provides a blog space which provides users with news in the fashion industries and the community in order for users to get insight in the industry.

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

We are trying to create a platform for earning an income for individuals who have little or no source of income and also help these sellers reach wider audience. With buyers, we are trying to give them a secured platform which have verified sellers to buy from and reduce fraudulent activities in the commerce industry.

01.03 Tell us the major benefits and/or advantages of using the product/service that your startup provides (at least 3).

- First of all you are able to generate income as a seller when you use the platform. - We guarantee security to both sellers and buyers in the sense that we verify all sellers and we make sure buyers make payment before products are shipped and the funds are released to sellers. - It is Free to sell on wearchron and anyone can sell (not limited to one gender or age provided you are having an electronic device and or inventory)

01.04 Please describe who exactly your startup’s product/service is aimed at serving. Who are the targeted beneficiaries?

Our platform is for all to use especially the unemployed or people with no income and with buyers, everyone can buy from wearchron.

01.05 When was your company established?

2023-12-07

01.06 Are you already selling your product/service?

Yes

01.07 How many other owners are there within your startup?

0

01.08 Among the other owners, how many are female?

0

01.09 Please describe the profile of the other owners within your startup (skills, experience, etc.)

I am the sole founder but I have a team who help with other tasks and with that we have 2 females on the team where they handle social media and marketing operations

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

https://wearchron.com

01.11 Which industry best describes your project?

e) Secondary commodities (cars and parts, consumer durables and apparel, retail)

02.01.01 My startup contributes to the No poverty goal

7 - Strongly Agree

02.01.02 No poverty - Justification for my startup

With this our platform allows individuals to become sellers on our website without paying and they tend to generate income and gradually become financially stable

02.02.01 My startup contributes to the Zero hunger goal

5

02.02.02 Zero hunger - Justification for my startup

We might contribute to this in the sense that part of our profits are channeled towards donations to the needy and the less privileged so we contribute to Zero hunger.

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

4

02.03.02 Good health and well-being - Justification for my startup

02.04.01 My startup contributes to the Quality education goal

5

02.04.02 Quality education - Justification for my startup

Wearchron also serves as a platform for education and awareness by educating customers about the environmental and social impact of the fashion industry and empowering them to make more sustainable choices through our Blog

02.05.01 My startup contributes to the Gender equality goal

7 - Strongly Agree

02.05.02 Gender equality - Justification for my startup

Wearchron allows both genders to sell and buy from the platform without restrictions giving them the chance to attain financial freedom. Aside that our team is open for both genders to apply and work with us and there are both genders on our team.

02.06.01 My startup contributes to the Clean water and sanitation goal

4

02.06.02 Clean water and sanitation - Justification for my startup

02.07.01 My startup contributes to the Affordable and clean energy goal

4

02.07.02 Affordable and clean energy - Justification for my startup

02.08.01 My startup contributes to the Decent work and economic growth

6

02.08.02 Decent work and economic growth - Justification for my startup

Wearchron creates economic opportunities by providing for sellers to sell their product and in a way generating income. With that being said taxes are being paid from profits and this helps in the growth of the economy as a whole.

02.09.01 My startup contributes to the Industry innovation and infrastructure

5

02.09.02 Industry innovation and infrastructure - Justification for my startup

Since Wearchron is an online store, It influences digital technology to innovate in the retail industry. This includes features such as personalized recommendations, convenient mobile shopping experiences which adds up to the advancement of digital infrastructure.

02.10.01 My startup contributes to the Reduced inequalities goal

5

02.10.02 Reduced inequalities - Justification for my startup

Wearchron hopes to gain access into the global market and in a way this can reduce inequalities by providing our sellers to wider audience and competitors like these large fashion brands.

02.11.01 My startup contributes to the Sustainable cities and communities goal

4

02.11.02 Sustainable cities and communities - Justification for my startup

02.12.01 My startup contributes to the Responsible consumption and production goal

4

02.12.02 Responsible consumption and production - Justification for my startup

02.13.01 My startup contributes to the Climate action goal

3

02.13.02 Climate action - Justification for my startup

02.14.01 My startup contributes to the Life below water goal

4

02.14.02 Life below water - Justification for my startup

02.15.01 My startup contributes to the Life on land goal

4

02.15.02 Life on land - Justification for my startup

02.16.01 My startup contributes to the Peace Justice and Strong Institutions goal

4

02.16.02 Peace Justice and Strong Institutions- Justification for my startup

02.17.01 My startup contributes to the Partnerships for the goal

5

02.17.02 Partnerships for the goal - Justification for my startup

Wearchron is open to partner with global companies who promote Sustainable Development Goals and with these partnership there will be wider goals reached by our team and also support same initiative

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

5

06.02 The product/service represents an entirely new type of product/service.

2

06.03 The product/service could be described as a new technology.

4

06.04 The product/service is an improvement on an existing product or service.

6

06.05 The product/service could be described as an extension of a range of products or services.

6

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

5

06.07 The product/service is a new version of an old product/service.

3

06.08 Justification for my startup

Our startup is an improvement of e-commerce in Africa as it satisfy the needs of some customers ability to reach wider audience with reduced risk of fraudulent activities.

06.09 Competitive Analysis

Our competitor at this point will be jiji and any other online marketplace in Africa. Our advantage over them is security and monitoring trade that goes on on our website and also we give individuals the chance to trade on our platform without hassle. It is free to have a store on our platform.

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