Tanzania - Startup under 3 years old

Describe your project or startup in a few words

Uchumi Pay Point, is the E-commerce business which deals with Banking Agency and Mobile Transacations. Its was established on 13 June 2022 and located in Tanga City, Tanzania.

01.01 Describe your startup in more detail

Uchumi Pay Point, It is Registered in Tanga Tanzania as Electronic Money Transfer

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

The problem of Avilable,secured and reliable Money Servce point in the current area.

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

1.Uchumi Pay Point, simplify means of sending and receiving cash in the society 2.Promotes the use of E Commerce as the involvement of Technology 3.Its provide different domestics service on time (electric bills,water bills and other payments)

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

1.Industries & Oil stations (Around us there are differents industries and oil stations 2.Churches and Mosquitoes 3.Wholesellers and local shops 4.Individuals

01.05 When was your company established?

2022-06-13

01.06 Are you already selling your product/service?

Yes

01.07 How many other owners are there within your startup?

2

01.08 Among the other owners, how many are female?

1

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

Upendo Mahenge, aged at 23 and Holder of Diploma in Business Adminstration of Tanzania Institute od Accountancy. She has experience in working with different offices like Tanga City Council as Business Administrator.

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

https://www.instagram.com/p/C73F0MiiYDi/?igsh=NGx1YTJzeGZjaGpx

01.11 Which industry best describes your project?

g) Financial services

02.01.01 My startup contributes to the No poverty goal

7 - Strongly Agree

02.01.02 No poverty - Justification for my startup

Uchumi Pay Point, has numbers of ways of dealing with poverty. One of them is by Giving small capital to young enterpreneurs amd opening the savings account for different people in society. This promote the intelligence in money saving and affrects positively, Money circulation in street

02.02.01 My startup contributes to the Zero hunger goal

2

02.02.02 Zero hunger - Justification for my startup

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

7 - Strongly Agree

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

Some of Phamarcies and Health Service Centre, use our mode of payments to allow patients to pay their bills via our channels

02.04.01 My startup contributes to the Quality education goal

7 - Strongly Agree

02.04.02 Quality education - Justification for my startup

We help society to transacts durings the payments of schools fees and educational payments via our offices with high confideciality and privacy

02.05.01 My startup contributes to the Gender equality goal

7 - Strongly Agree

02.05.02 Gender equality - Justification for my startup

We promote Gender equality by employing our staffs based in gender equality,love and respect. Uchumi Pay Point, works according to the rules and laws of United Republic of Tanzania

02.06.01 My startup contributes to the Clean water and sanitation goal

7 - Strongly Agree

02.06.02 Clean water and sanitation - Justification for my startup

02.07.01 My startup contributes to the Affordable and clean energy goal

3

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

Uchumi Pay Point, cobtributes to economic growth through paying of taxes and annual revenues to the government

02.09.01 My startup contributes to the Industry innovation and infrastructure

6

02.09.02 Industry innovation and infrastructure - Justification for my startup

Uchumi Pay Point, has a perculiar way of promoting, sales and marketing which always involves innovations abd technology

02.10.01 My startup contributes to the Reduced inequalities goal

3

02.10.02 Reduced inequalities - Justification for my startup

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

6

02.12.02 Responsible consumption and production - Justification for my startup

Uchumi Pay Point, connects differents businnes personel and enterprenuer to fix their needs in transactiobs perfomances

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

3

02.14.02 Life below water - Justification for my startup

02.15.01 My startup contributes to the Life on land goal

6

02.15.02 Life on land - Justification for my startup

uchumi pay point, respect and acknowledge the nature and conservations. By planting trees, flowers and grass in different areas in Our location to conserve land and life

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

4

02.17.02 Partnerships for the goal - Justification for my startup

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

7 - Strongly Agree

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

3

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

3

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

7 - Strongly Agree

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.

7 - Strongly Agree

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

7 - Strongly Agree

06.08 Justification for my startup

Uchumi Pay Point came with a vision of launching strong agency for all banks including unpopular banks to meet customer needs and to solve the problem of accessbility to services

06.09 Competitive Analysis

There are differwnt competitors in my street, but whats differenciate me iis consistency,security, Innovation and Promotion.

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

Yes, Providing capital to young female enterpreneurs and simple coaching on how to start new firm