Kenya - Business creation project

Describe your project or startup in a few words

GIGO SWIFT enhances logistics for businesses to their clients with the most affordable rates. It not only does this to the clients, but also between businesses, where it provides financial support for logistics

01.01 Describe your project in more detail

Kenya faces shortage of reliable and affordable logistics options, which are also ready to finance logistics for businesses on demand! We come in as an innovative venture to provide same day delivery of products from businesses, offer pay on delivery options, deliver on credit, and deliver fragile products.

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

Affordable logistics betweeb businesses and their clients for same day deliveries as well as storage of the items that take upto five days to deliver. We also seek to address fragile product delivery which is a limited option in Kenya. The business to business logistics is well addressed, enhancing financial services to allow ease of delivery from one business to another.

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

Prompt daily deliveries for customers is a major benefit as they get same day deliveries safely and highly affordable. Financial assistance to businesses when it comes to logistics enhances the ability of businesses to continue with their activities as we handle logistics through offering them credit on logistics, which are payable in installments.

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

Our target are both broad and specific. The broad target are daily customers purchasing from online shops that do not have affordable logistics. The specific target are businesses that require prompt logistics services, even without finances for that, we come in as financial assistants to finance their logistics

01.05 When did you start working on your project?

2023-10-08

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.)

My partner, Velma is a graduate with a degree in Computer Science. Her skills enhance the technical aspects of the business. She has worked for top bank in Kenya and currently assisting in development of the system as well as management of the system.

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

https://www.facebook.com/theneighborhoodke?mibextid=ZbWKwL

01.10 Which industry best describes your project?

c) Industry (equipment, commercial, logistical and professional services, transport)

02.01.01 My project contributes to the No poverty goal

5

02.01.02 No poverty - Justification

Provision of opportunities especially for delivery agents who may not require educational backgrounds to offer such services, store keepers, and even dispatch managers.

02.02.01 My project contributes to the Zero hunger goal

3

02.02.02 Zero hunger - Justification

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

3

02.03.02 Good health and well-being - Justification

02.04.01 My project contributes to the Quality education goal

3

02.04.02 Quality education - Justification

02.05.01 My project contributes to the Gender equality goal

7 - Strongly Agree

02.05.02 Gender equality - Justification

We target to have a 50-50 gender rule in the company to allow equal opportunities for all gender

02.06.01 My project contributes to the Clean water and sanitation goal

3

02.06.02 Clean water and sanitation - Justification

02.07.01 My project contributes to the Affordable and clean energy goal

3

02.07.02 Affordable and clean energy - Justification

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

We offer reliable environment to engage in decent work and not only manual work.

02.09.01 My project contributes to the Industry innovation and infrastructure

7 - Strongly Agree

02.09.02 Industry innovation and infrastructure - Justification

We are highly innovative and continue to strive to develop the logistics industry with our new approaches to offer our services.

02.10.01 My project contributes to the Reduced inequalities goal

7 - Strongly Agree

02.10.02 Reduced inequalities - Justification

02.11.01 My project contributes to the Sustainable cities and communities goal

7 - Strongly Agree

02.11.02 Sustainable cities and communities - Justification

A reliable logistics means that we will enhance sustainability of the city.

02.12.01 My project contributes to the Responsible consumption and production goal

4

02.12.02 Responsible consumption and production - Justification

02.13.01 My project contributes to the Climate action goal

4

02.13.02 Climate action - Justification

02.14.01 My project contributes to the Life below water goal

4

02.14.02 Life below water - Justification

02.15.01 My project contributes to the Life on land goal

4

02.15.02 Life on land - Justification

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

4

02.16.02 Peace justice and strong institutions - Justification

02.17.01 My project contributes to the Partnerships for the goal

7 - Strongly Agree

02.17.02 Partnerships for the goal - Justification

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.

3

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

2

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

5

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

6

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

6

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

4

05.08 Justification

There are existing logistics companies, however we move from a bottom to up trajectory which addresses the prevailing needs of customers from cost, speed, and accessibility. We also address the needs of small businesses which are the cost and accessibility to logistics options.

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

Our main competitor is Pickup mtaani which also offers affordable logistics, however, we offer more thab that as we also address financial issues in logistics

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

Yes, my partner was solely chosen by me, and i decided for female partner and to promote female leadership as well