·Contributors are market women, students, drivers, etc.
·Contributions range between with 100, 500, 1000 naira.

The idea in question centres round the modernisation of thrift collecting, popularly known as Ajo. It is the daily collection of contribution through the phone credit of the people mentioned above and the transfer of such fund into their micro fiance back account . It is purely digital in nature and one doesn't need an internet enable phone to be part of the contribution.

Traditional/Conventional Alajo(thrift collector): contributors contribute the agreed amount with the thrift collector and after 30 uniform contribution the thrift collector takes the first contribution.
Example: Contributor is on a 1000 naira plan. His/her contributes daily and after 30 contributions his/her funds matures for collection at 30,000 minus 1000 = 29000. So the owners of the traditional Alajo of which thousands exist right now in Nigeria make the 3.33%. After that cycle a new cycle of contribution starts in the same manner. If he/she doesn’t take this money he or she has 29,000 as savings. They can change plan at this time or continue with the same plan. But after every 30 contributions they are due to take their balance, continue with current plan or change plan. They can also take all previous matured balances at any time.

Mobile Modern Alajo (MMA): contributors contribute the agreed amount (100, 500 or 1000) over their phones and after 30 uniform collections we take x% of the amount saved in a month.
Example: Contributor is on a 1000 naira plan. He/She contributes daily using their phone airtime and doing some simple phone operations similar to loading airtime or checking airtime balance. After 30 contributions his/her funds mature for collection at 30,000 minus x%of 30,000=y. So we the owners of the Mobile Modern Alajo make x% of 30,000 because we sell the credit (airtime) that is being used before their money (airtime) is turned to cash and the x% is the profit margin that exist between the middle men card sellers.

Note: interested investors would be sent a proposal that clearly indicate the business marketing plan, operational process, profitability including what the x and y variable is and the break down of amount needed to be invested which runs into millions of naira.

Looking forward to a prompt response from interested investors.


Thank you


Author/Idea Creator/Strategist/
Olowu Oluwaseun
08059290962
Email: olowuoluwaseun@yahoo.com

i will advise you to be very carefull of what you post online,i also have this same idea,for quiet some time now but lack the money to finance this idea gone to BOI,banks,micro finance no body wanna give ears to ur dream.exactly what i have,after reading urs i was like hey this guy just hacked into my brain.dem.but mine was only based on recharge card and not the physical cash.love to see this dream come to reality even if its not from me as i have 1 or 2 more ideas to work on.will love to work with you guys.based in abuja if you looking to expand ur service down here.email(igenegbavictor@gmail.com

keneryhark:
·

[quote author=viczo post=41028978][/quote]

This idea just sprung on me today and I have been researching on it like crazy (I could say that's what led me to this post) however I believe I have an improved insight to how this scheme can be run. Still interested in this idea or is it running already? lets discuss. mention me and we'll move it offline

Nawa o....no one truly has a proprietary right on any idea. See people thinking what I am thinking.

Keneryhark, laifwire can we talk?

IS TH4E BUSINESS STILL RUNNING I AM BASED IN LAGOS ..WHATSAPP NUMBER 07035793829..LET US TALK ASAP

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