Looking to download a microfinance bank feasibility study in Nigeria for grants, loans such as CBN, NIRSAL, BOI and other institutions?
We have taken into account every prerequisite for establishing a microfinance bank. Additionally, we went a step further by researching and creating a model microfinance bank marketing plan.
Microfinance banks are small financial institutions that provide loans, savings accounts, and insurance to company owners and entrepreneurs that lack access to more conventional funding sources like banks or investors. The primary goal of microfinance institutions is to give individuals access to capital for personal or commercial investments.
FEASIBILITY ANALYSIS SAMPLE FOR MICROFINANCE INSTITUTION
1.0. Executive Summary
A newly founded microfinance institution called Razer Microfinance Bank, LLC (RAZ LLC) will offer mortgage loan and microlending services to small enterprises, real estate agents, house builders, and individual property buyers in Owerri, Imo State.
RAZ LLC has access to a wide variety of microfinance, and we provide the appropriate loans—with the best rates, periods, and costs—to satisfy the fundamental requirements of our clients. We want to offer superior microlending and mortgage loan services to Owerri’s numerous residential and commercial customers.
Our goal at RAZ LLC is to provide a family-like system at our bank where consumers may examine the services they desire without feeling uncomfortable. Additionally, we want to provide a special work atmosphere that respects the demands of both our customers and employees while being challenging, rewarding, and inventive.
2.0. Our Products and Services
Within the parameters of microlending and mortgage loan services, we at RAZ LLC intend to provide distinctive services. After researching our market, we decided on the services that will best serve our customers. Additionally, we have a strong team that possesses the necessary skills to assist us in providing these services. We intend to take whatever legal action possible to accomplish our corporate objectives. Below is a list of our business offerings;
- Provide loans to small businesses
- Offer commercial and industrial mortgages
- Offer residential mortgages
- Offer residential mortgages loans online
- Providing an online mortgage marketplace
- Providing equipment loans
- Providing home equity loans
- Providing home equity loans online
- Providing mortgage financing online
- Providing other related loan cum mortgage consulting and advisory services
- Providing vehicle loans
3.0. Our Mission and Vision Statement
- Our aim at Razer Microfinance Bank is to build dependable relationships with people, microbusinesses, and corporate clients in Owerri, Imo State.
- We intend to offer better services and gain a better reputation throughout Imo State.
- Our purpose at Razer Microfinance Bank is to offer skilled, dependable, and trustworthy microloan services that will assist individuals, startups, corporations, and non-profit organizations in achieving their objectives.
- We intend to establish a company that will rank among Imo State’s top microfinance institutions.
Read – Get this Business Plan for Microfinance
4.0. Our Business Structure
At RAZ LLC, we are aware that microfinancE banks function similarly to other banks and businesses that provide microlending services. These financial institutions receive interest payments from those who invest with them, lend that money to borrowers who request loans from them, and charge interest on all of those loans.
After careful consideration, we have chosen to adopt or modify a business process and structure that will provide a high return on investment (ROI), efficiency, and adaptability. The portfolios we intend to work with and fill at RAZ LLC are specifically specified:
- Sales and Marketing director
- Receptionist
- Loan officers
- Human Resource and Admin Manager
- Guards
- Debt collectors
- Company accountant
- Cleaner
- Chief Executive Officer
- Business consultant
5.0. SWOT Analysis
As a microfinance bank, our goal is to set up well-organized microloan services that will benefit our clients. Because of this, we got in touch with a seasoned consulting organization, one that was regarded for providing the greatest services while also operating with precision.
We used Michael Consults’ assistance to help us conduct a SWOT Analysis at our chosen company site.
6.0. MARKET ANALYSIS
- Market Trend
The formal implementation of a national microfinance policy would affect a lot of things in the business, and we at RAZ LLC are aware of this. It will give unlawful operations legitimacy and promote capital investment in the industry. Because of this, several of the industry’s pioneering institutions have used their excellent qualities that are already well known to lead their respective fields.
The development of stability and confidence, in our opinion at RAZ LLC, should be the primary policy goal at this early stage of the business. To gain the trust of stakeholders, regulation should be severe, transparent, or at the very least invoke the idea of transparency, while intervention should be quick.
7.0. Our Target Market
At RAZ LLC, individuals and organizations of all sizes will be our target market. The list of companies and organizations that our goods and services are categorically intended for is outlined below;
- Corporate companies
- Educational institutions
- House of worship and other religious organizations
- Individuals and interested homeowners
- Non-governmental organizations
- Real Estate companies and investors
- Small businesses
8.0. SALES AND MARKETING STRATEGY
- Sources of Income
RAZ LLC was established to serve a specific need in the industry and to also generate substantial revenue. Although our goal at RAZ LLC is customer satisfaction in the microloan business, but as a business, we want to make profits and grow our enterprise.
We plan to generate income by offering the following microloan services to individuals, real estate companies, NGOs and corporate organizations.
Want to see the complete microfinance bank feasibility study sample?
How To Download The Microfinance Institution Feasibility Analysis Template PDF and Doc
Above is a part of the MICROFINANCE BANK FEASIBILITY ANALYSIS in Nigeria. In case you need the complete microfinance bank feasibility study, follow the procedures to download it.
Pay the sum of N8000 (Eight thousand naira only) to the account detail below:
Bank: GTBank
Name: Oyewole Abidemi (I am putting my name and not our company account so you know we are real people and you can trust us)
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Type: Saving
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