Tanzania - Startup under 3 years old

Describe your project or startup in a few words

REVOLUTIONIZING REAL ESTATE MARKET IN AFRICA

01.01 Describe your startup in more detail

We are building the marketplace (mobile app); Where tenants and homebuyer search, find houses or office space for rent or buy while real estate developers and owners will be able to upload their homes or office space through our app. We are removing -90% commission fee and other charges; real estate agents used to charge when customers search for home or office space for rent or buy.

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

Real estate agents in Africa charging a higher commission fee (100% of one-month’s rental fee) to look for houses or office space for rent. Also, People wasting time searching for Houses or office space for rent and paying many more additional fees for site view.

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

Cost saving: By removing -90% of many additional charges real estate agents used to charge including commission fee. Time saving: There is no need to do site view; our mobile app which is backed up with AIs, Machine Learning and Hologram Technology customers can view a site also can touch the house on mobile app, also our app has live tour for customers to interact direct with our site agents. Customer security: Our App will have cloud based products build by our own cloud engineers; this including servers, database, APIs and other Software cloud Products to increase the privacy and security of customers' information. Customer Protection and Identification: The customer will have the smart contract drafted by our AI to ensure the Identification of the customer and protection against any fraud cause by signing fake house contract. Homeowners /Real estate developers; they will have customers from different countries and advertise their properties to foreigner's customers.

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

Target Customers: Tenants. Home buyer. Real estate owners and developers. On the next Target market; the Target customers are African Diaspora on Remittance. Tourists on Accommodation.

01.05 When was your company established?

2023-05-30

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?

0

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

Fred Mahozi, CIO: Experts on real estate management and enterprenuership Leadership. Michael Maduhu, MD: Experts on UX design and Company operations. Experience: They have built the technology company called Allos Company Limited in Tanzania. Have experience on research and development. Are Expert on Marketing Strategies and Other Business Strategic Partnerships.

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

https://allos.site/new/mizzo

01.11 Which industry best describes your project?

k) Property (real estate)

02.01.01 My startup contributes to the No poverty goal

3

02.01.02 No poverty - Justification for my startup

02.02.01 My startup contributes to the Zero hunger goal

1 - Strongly Disagree

02.02.02 Zero hunger - Justification for my startup

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

1 - Strongly Disagree

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

02.04.01 My startup contributes to the Quality education goal

1 - Strongly Disagree

02.04.02 Quality education - Justification for my startup

02.05.01 My startup contributes to the Gender equality goal

1 - Strongly Disagree

02.05.02 Gender equality - Justification for my startup

02.06.01 My startup contributes to the Clean water and sanitation goal

1 - Strongly Disagree

02.06.02 Clean water and sanitation - Justification for my startup

02.07.01 My startup contributes to the Affordable and clean energy goal

1 - Strongly Disagree

02.07.02 Affordable and clean energy - Justification for my startup

02.08.01 My startup contributes to the Decent work and economic growth

5

02.08.02 Decent work and economic growth - Justification for my startup

We aimed to provide more job opportunities because our startup will work on franchise business model this is to ensure we provide more job opportunities and promote workers' rights. Infrastructure Development: Data on housing trends guide the government in planning for infrastructure such as roads, schools, hospitals, and public transportation. Areas with high numbers of home buyers may need more extensive infrastructure investment

02.09.01 My startup contributes to the Industry innovation and infrastructure

3

02.09.02 Industry innovation and infrastructure - Justification for my startup

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

7 - Strongly Agree

02.11.02 Sustainable cities and communities - Justification for my startup

Providing loans to the home owners and real estate developers to upgrading the housing status of low income families in sub-Saharan African, from poor houses to quality houses; to make sure tenants and homebuyer are living in comfortable and quality houses. Also, Mizoo will provide data analyzed by AIs and Machine learning about the increase of demand/ population of the specific areas to help government on planning and formulation of housing policies that will recommend real estate developers to build quality houses at affordable price, according to government planning.

02.12.01 My startup contributes to the Responsible consumption and production goal

2

02.12.02 Responsible consumption and production - Justification for my startup

02.13.01 My startup contributes to the Climate action goal

5

02.13.02 Climate action - Justification for my startup

Consumer Preferences: Data on buyer and tenant preferences for energy-efficient and sustainable properties guide real estate developers towards greener practices.

02.14.01 My startup contributes to the Life below water goal

1 - Strongly Disagree

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

1 - Strongly Disagree

02.16.02 Peace Justice and Strong Institutions- Justification for my startup

02.17.01 My startup contributes to the Partnerships for the goal

1 - Strongly Disagree

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.

3

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

6

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

6

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.

4

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.

4

06.08 Justification for my startup

06.02, 06.03: The product could be described as new Technology; due to deployment of AI such as Chatbot, AI lawyer for smart contract, also our product has Machine learning for data analysis and has Hologram technology to increase the sense of touching, feeling and visiting site through our mobile app. 06.04: We improved our mobile app after receive the initial feedback from our users, previously we launched an MVP with bad user experience. 06.06: The Market size: In Tanzania 43% of residents are tenants and house buyer which is equal to 25Million people in Tanzania are renting houses. In sub-Saharan Africa countries more than 100 Million Africa residents are tenants, they don't own the house property. So, the market size is more than 50 Million customers, who needs our service and are not being. If we capture the market share of 50%, the Total Addressable Market would be $200Million annually. The Real Estate market market in Africa expected to reach a value of US$15.98tn by 2024.

06.09 Competitive Analysis

Competitors: BE FORWARD Real estate, Airbnb, Afrocaya. The Competitive Advantages: Cost saving: We remove -90% commission fee and we take only 10% for initial rental payment. Time saving: Our product has deploy the AIs that will help in various Automation performance within our mobile app, include Virtual Reality, AI Attorney, Hologram and Machine Learning for data analysis. Customers' satisfaction: The product will have Chatbot, AI Call center to enable 24/7 customer' support, also will have loyalty programs to make sure we acquire and retain the customers. Our Startup will have local( Offline ) team to take photos of properties to increase customers' trust. Customers' security: We will protect our customers privacy by developing our own Cloud products such as Server, electronic database, other Cloud products to protect our customers. Fraud Protection: There no fake house contract from our mobile app like many other real estate agents do.

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