Zimbabwe - Startup under 3 years old

Décrivez votre projet en quelques mots

Juvante is a financial services provider in Zimbabwe providing easily accessible, sustainable and affordable loans and insurance to underserved individuals and small businesses, promoting financial inclusion and economic growth.

01.01 Décrivez votre startup en détail

Juvante seeks to be become a registered microfinance institution in Zimbabwe providing accessible and affordable loans to underserved individuals and small businesses, promoting financial inclusion and economic growth. The company envisions becoming the most preferred non-bank financial institution delivering leading edge services and value to all key stakeholders in micro lending financial intermediation. Its mission is to provide competitive, easily accessible and sustainable financial products and services that transform lives both socially and economically. Juvante’s major objective is to create economic sustainability and self-reliance for all. CHOOSE SUCCESS CHOOSE JUVANTE is not just our tagline but also our mantra as a representation of our commitment in designing financial products and services for the benefit and convenience of our clients, working together with them daily to guarantee their financial freedom.

01.02 Quel est le problème principal que vous essayez de résoudre ?

1. Access to credit: We offer loans to individuals or groups who lack collateral or credit history. 2. Financial inclusion: We serve populations excluded from traditional banking services. 3. Entrepreneurship opportunities: Microloans enable clients to start or expand small businesses. 4. Improved financial management: We provide financial literacy training and encouragement to save. 5. Increased income: Clients can invest in income-generating activities, leading to higher earnings. 6. Reduced poverty: Access to credit and financial services helps clients better manage financial shocks and improve their economic well-being. 7. Empowerment: our services benefits women, promoting independence and decision-making authority. 8. Convenience: We offer flexible repayment terms. 9. Building credit history: Repaying microloans helps clients establish a credit record.

01.03 Dites-nous quels sont les principaux avantages et/ou bénéfices de l'utilisation du produit/service fourni par votre startup (au moins 3).

Affordable

01.04 Veuillez décrire précisément à qui s'adresse le produit/service de votre startup. Quels sont les bénéficiaires visés ?

Low-income individuals, small business and entrepreneurs in urban and rural areas.

01.05 Quand votre entreprise a-t-elle été créée ?

01/01/2022

01.06 Vendez-vous déjà votre produit/service ?

Oui

01.07 Combien y a-t-il de propriétaires de votre entreprise en plus de vous ?

1

01.08 Parmi les autres propriétaires, combien sont des femmes ?

0

01.09 Veuillez décrire le profil des autres propriétaires de votre startup (compétences, expérience, etc.).

Edgar Isaac Chimhaka is the Founder and Managing Director of Juvante Enterprises Private Limited, a financial institution that specialises in insurance and loans broking services; with offices in Harare and an agency network that spreads across all the major cities in Zimbabwe. Edgar is differentiated by an uncommon complement of financial and risk management expertise combined with strong business acumen, allowing him to view business with a wide lens then narrow down to connect the dots, identify business drivers, understand complex issues, take action and drive results. He has partnered with market leaders in the insurance and financial services industry in Zimbabwe to provide flawless services which has transformed start-ups, SMEs as well as large corporations and has helped them grow their businesses significantly through giving them access to credit lines, securities and risk management services. He has also worked with women and youths around Zimbabwe.

01.10 Si vous avez un site web, une page sur les médias sociaux (Facebook, Instagram, Linkedin...) ou une application, veuillez fournir le(s) lien(s) ici :

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

01.11 Quel est le secteur d'activité qui décrit le mieux votre entreprise ?

Services financiers

02.01.01 Ma startup contribue à l'objectif 'Pas de pauvreté'

7 - tout à fait d'accord

02.01.02 Justification de la contribution de ma startup

As Juvante we provide access to credit for marginalised individuals and small businesses, promoting financial inclusion and economic empowerment. We enhance clients’ economic well-being and reduce poverty by providing affordable credit for income generating activities such as agriculture, trade, or small-scale enterprises. We educate our clients on responsible borrowing, repayment and financial management practices.

02.02.01 Ma startup contribue à l'objectif 'Faim Zéro'

5

02.02.02 Justification de la contribution de ma startup

Through

02.03.01 Ma startup contribue à l'objectif 'Bonne Santé et Bien Être'

5

02.03.02 Justification de la contribution de ma startup

Our business model ensures sustainable use of funds borrowed, we offer training and guidance on how borrowed funds can be utilized profitably. Micro-loans + training tools = Financial Growth + Happy families (better social well-being)

02.04.01 Ma startup contribue à l'objectif 'Éducation de Qualité'

4

02.04.02 Justification de la contribution de ma startup

We offer educational loans and educational tools loans. Every child deserves to go to school. In moments when things are difficult we offer assistance in paying fees and repayments are tailor made to suit the client's ability and not strain them even more.

02.05.01 Ma startup contribue à l'objectif 'Égalité entre les Sexes'

6

02.05.02 Justification de la contribution de ma startup

We provide credit opportunities specifically for women promoting gender equality and economic empowerment. They usually underserved by the formal financial services market hence we have made a deliberate effort to tailor make loan products specifically for women with better terms and conditions to allow more women to participate. We also created group loan and saving schemes to alow women to start and grow hheir business giving them support to run their business both financial and non financial.

02.06.01 Ma startup contribue à l'objectif 'Eau Propre et Assainissement'

3

02.06.02 Justification de la contribution de ma startup

02.07.01 Ma startup contribue à l'objectif 'Énergie Propre et Abordable'

4

02.07.02 Justification de la contribution de ma startup

We have partnered with energy providers to allow our clients to get affordable solar products on credit and pay in installments. Through this facility we have powered many households and businesses both in urban and rural areas.

02.08.01 Ma startup contribue à l'objectif 'Travail Décent et Croissance Économique'

7 - tout à fait d'accord

02.08.02 Justification de la contribution de ma startup

Provide access to credit for marginalised individuals and small businesses, promoting financial inclusion and economic empowerment. Our target market is mainly the informal sector which is the highest employer in Zimbabwe. The sector takes up close to 65% of the economy and over 2.8 million people derive their wellbeing from this sector. Supporting the growth and survival of businessss within this sector ensures more employment and economic growth

02.09.01 Ma startup contribue à l'objectif 'Industrie, Innovation et Infrastructure'

3

02.09.02 Justification de la contribution de ma startup

02.10.01 Ma startup contribue à l'objectif 'Réduction des Inégalités'

4

02.10.02 Justification de la contribution de ma startup

02.11.01 Ma startup contribue à l'objectif 'Villes et Communautés Durables'

4

02.11.02 Justification de la contribution de ma startup

02.12.01 Ma startup contribue à l'objectif 'Consommation et Production Responsables'

3

02.12.02 Justification de la contribution de ma startup

02.13.01 Ma startup contribue à l'objectif 'Lutte contre les Changements Climatiques'

2

02.13.02 Justification de la contribution de ma startup

02.14.01 Ma startup contribue à l'objectif 'Vie Sous-Marine'

2

02.14.02 Justification de la contribution de ma startup

02.15.01 Ma startup contribue à l'objectif 'Vie Terrestre'

2

02.15.02 Justification de la contribution de ma startup

02.16.01 Ma startup contribue à l'objectif 'Paix, Justice et Institutions Efficaces'

2

02.16.02 Justification de la contribution de ma startup

02.17.01 Ma startup contribue à l'objectif 'Parteneriats pour la Réalisation des Objectifs'

3

02.17.02 Justification de la contribution de ma startup

06.01 Un grand nombre de clients utilisent déjà un produit/service très similaire au nôtre.

7 = Tout à fait d'accord

06.02 Notre produit/service représente un type de produit/service entièrement nouveau

5

06.03 Notre produit/service pourrait être décrit comme une nouvelle technologie

4

06.04 Notre produit/service est une amélioration d'un produit ou d'un service existant

7 - Tout à fait d'accord

06.05 Notre produit/service pourrait être décrit comme une extension d'une gamme de produits ou de services

6

06.06 Notre produit/service répond à une demande ou à un besoin qui n'a pas été satisfait par d'autres produits/services.

7 - Tout à fait d'accord

06.07 Notre produit/service est une nouvelle version d'un ancien produit/service

7 - Tout à fait d'accord

06.08 Justification

We are mainly focusing on the market that is underserved by other financial institutions due to the high risk it posses. As Juvante we have taken time to understand the market and foster relationships with clients that are mutually beneficial. We have tailor made our products to suit each and every client within our target market of the informal sector. We have developed the products understanding the needs of our market and not a 1 size fits all type of product. We continue to innovate and implement risk management strategies that evolve with our ever changing market. We spend most of our time in the field to get a better understanding and appreciation our our clients thereby creating the innovative value they need and want.

06.09 Analyse compétitive

Zimbabwe has a total 19 registered commercial banks, 217 credit only microfinance institutions; 8 deposit taking microfinance institutions and 289 savings and credit cooperative societies (SACCOs) as at 31 March 2024. About 80% of these institutions are focusing on giving loans to formally employed individuals and businesses whilst only 20% focus on informal traders. According to the RBZ microfinance quarterly report September 2023, the microfinance industry is dominated by a few institutions with the top 20 microfinance institutions accounting for 79.09% of the sectors aggregate loan portfolio of $476 billion as at 30 September 2023. This presents a huge gap for gaining market share as the industry is mainly dominated by small to medium entities in terms of loan portfolio size. Leveraging on technology, expertise, our unique selling point of customizable products and competitive pricing strategy we will take the market by surprise and gain significant ground within the first year of o

11.05 Menez-vous des actions au sein de votre communauté pour promouvoir le rôle des femmes entrepreneurs ?

We have tailor made loan products specifically for women promoting gender equality and promoting entrepreneurship among women. We create access to funding for them to start and grow their businesses. We also offer training to help improve their financial Literacy and utilize funds in a more suitable and sustainable manner.