Kenya - Business creation project
Individual
participation
FINANZEN INV
Standing in the gap between extreme high end and extreme low end housing by offering secure, hygienic, dignified, self contained semi permanent houses that will be affordable for both low and middle income earners - Company formed in March 2021
Documents
FINANZEN INV
Describe your project or startup in a few words
Standing in the gap between extreme high end and extreme low end housing by offering secure, hygienic, dignified, self contained semi permanent houses that will be affordable for both low and middle income earners - Company formed in March 2021
01.01 Describe your project in more detail
Standing in the gap between extreme high end and extreme low end housing by offering secure, hygienic, dignified, self contained semi permanent houses that will be affordable for both low and middle income earners, the houses will have inbuilt water and sewer systems, electricity, 24 hour surveillance cameras, caretaker, night guard, and garbage collection station
01.02 What is the main problem you are trying to solve?
We are trying to stand in between the very high end and the very low end housing by bringing in affordable, secure and dignified housing to the community
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. Dignified housing by all standards eg, security and hygiene 2. Affordable 3. Assured basic needs e.g. shelter, clean water and sanitation, and electricity
01.04 Please describe who exactly your project is aimed at serving. Who are the targeted beneficiaries?
We are targeting low and middle income earners to benefit from the housing
01.05 When did you start working on your project?
2022-03-10
01.06 How many other partners are associated with your business venture?
14
01.07 Among the other partners, how many are female?
11
01.08 Please describe the profile of each of the other partners (skills, experience, etc.)
1 member is an Auditor 8 years experience 6 Members are bankers working with NCBA bank all over 4 years experience 2 Members are Advocates both over 2 years post admission 1 Member in travel and tour industry and have over 3 years experience 2 business owners in different areas of interest 2 Members in the United States of America 1 Member in The Cayman Islands
01.09 If you have a website, a social media page (Facebook, Instagram, Linkedin…), or app, please provide the link here:
Not answered01.10 Which industry best describes your project?
d) Primary commodities (food, drink, household and personal products)
02.01.01 My project contributes to the No poverty goal
7 - Strongly Agree
02.01.02 No poverty - Justification
By offering affordable and dignified housing to low and middle income earners
02.02.01 My project contributes to the Zero hunger goal
7 - Strongly Agree
02.02.02 Zero hunger - Justification
By offering the middle income earners with an option to move into our more affordable housing hence increase more saving to cater for their food and nutritional needs
02.03.01 My project contributes to the Good health and well-being goal
7 - Strongly Agree
02.03.02 Good health and well-being - Justification
My project aims at offering 24hours water supply for safe drinking water and improved sanitation by having self contained including bathroom and toilet per unit
02.04.01 My project contributes to the Quality education goal
7 - Strongly Agree
02.04.02 Quality education - Justification
In our constitution, we stipulated and highlighted that our project will begin in the uprising towns this way we will be ensured that all amenities such as schools and hospitals are within close proximity, this can be well illustrated by the parcel of land that we are currently acquiring in GIKUNI/KABETE where by these amenities are available in large numbers. We will also work with our caretakers to give us information of our tenants to enable us ensure that the education goal is being met and if there are challenges we see where we can assist
02.05.01 My project contributes to the Gender equality goal
7 - Strongly Agree
02.05.02 Gender equality - Justification
This is observed
02.06.01 My project contributes to the Clean water and sanitation goal
7 - Strongly Agree
02.06.02 Clean water and sanitation - Justification
This will be offered as we sort to get approvals for electing a borehole
02.07.01 My project contributes to the Affordable and clean energy goal
7 - Strongly Agree
02.07.02 Affordable and clean energy - Justification
Our initial project on the land that we are acquiring is in close proximity to the electric lines (less than 50 meters) our intentions are to connect the plot with electricity and have token meters for every tenant
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
Being a company focused on renting space, we will require the services of A caretaker, security, garbage collection and also help in developing the area we are electing such buildings
02.09.01 My project contributes to the Industry innovation and infrastructure
7 - Strongly Agree
02.09.02 Industry innovation and infrastructure - Justification
My project is offering affordable housing to the community and was registered as a private limited Company early 2021 by 3 peole with 12 other members later joining and set to also become directors/shareholders, I being the Founder and the Chairman
02.10.01 My project contributes to the Reduced inequalities goal
7 - Strongly Agree
02.10.02 Reduced inequalities - Justification
By offering affordable semi-permanent housing, we will offer hygienic, secure, and very affordable housing units to the community- The Company was initiated in 2021 with that sole purpose
02.11.01 My project contributes to the Sustainable cities and communities goal
7 - Strongly Agree
02.11.02 Sustainable cities and communities - Justification
By offering affordable, hygienic and secure and self contained housing units for the low and middle income earners - the project has already began and the land purchase in Gikuni/Kabete near Nairobi City is currently at an advanced level
02.12.01 My project contributes to the Responsible consumption and production goal
7 - Strongly Agree
02.12.02 Responsible consumption and production - Justification
By planing to utilise out land assets well for the betterment of the community
02.13.01 My project contributes to the Climate action goal
7 - Strongly Agree
02.13.02 Climate action - Justification
By participating in CSR on climate improvement, we have undertaken to make the nature hospitable by our own person and as a group by tree planting, proper waste disposal and others
02.14.01 My project contributes to the Life below water goal
7 - Strongly Agree
02.14.02 Life below water - Justification
We will always find it in ourself by our own conscience and by the laid out laws and statutes to conserve and protect the aquatic nature and will engane in Csr to care for the same
02.15.01 My project contributes to the Life on land goal
7 - Strongly Agree
02.15.02 Life on land - Justification
Our project being a land driven project, we seek to ensure that land will be used fully to the betterment of the people, we will also do plant some trees and intention of having a gren (planted) fencing
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
My company has promoted peace and justice by incorporating individuals from multiple communities, religions and gender diversity. Our partnership has largely been driven by common goals and visions, also, the people working with us e.g. the Advocates are also from other communities
02.17.01 My project contributes to the Partnerships for the goal
7 - Strongly Agree
02.17.02 Partnerships for the goal - Justification
My Company is a partnership of 15 members who have come together with mutual goal of offering affordable rental housing, the company was formed early 2021, this 15 individuals comes from different communities around the country and all walks of life interms of careers. We have also partnered with a local sacco who have already helped us by lending us some funds to buy the plot for kick starting our project, as at the day of this application, the transfer and charge of the acquired title is currently underway
05.01 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
05.02 The product/service we envision creating represents an entirely new type of product/service.
6
05.03 The product/service we envision creating could be described as a new technology.
4
05.04 The product/service we envision creating is an improvement on an existing product or service.
6
05.05 The product/service we envision creating could be described as an extension of a range of products or services.
4
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
We envision in creating affordable housing for the low and middle income earners having done much and intense research, we found out that current housing is offered in 2 extremes e.g. The very best and expensive and very low-welfared and very cheap, we decided to introduce products(houses) that will stand somewhere in the middle both for cost and welfare, for welfare it will be good to note that we say that it will also stand in the middle because we intend to put up good self contained semipermanent(Mabati) houses with all the rest security features e.g. proper fencing, security lights and surveillance cameras
05.09 Who are your main potential competitors and what makes you stand out from them?
Other real estate investors, we stand out more better as our main goal is the good welfare of the community by offering affordable and good condition housing for raising their families as cmpared to other competitors who overlook commercialization over wellbeing
10.06 Are you initiating actions within your community to promote the role of female entrepreneurs?
Yes, infact out of the 15 members in my company, the number of women is 11
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