Best Projects 2018 features all the nominated entries submitted to the Youth Citizen Entrepreneurship Competition under ‘Submit your Project’ category. All the entries consist of innovative projects run by existing enterprises in the form of businesses, NGOs or informal programs. If you want to know the 10 finalists in this category click HERE
Marketric cooler project
Explain your project in details:
To add coolers/fridge with transparent infront to the market to help people who are not able to purchase coolers now they can own coolers at cheapest cost. Also to promote local industries in our country because those upcoming industries are not able to offer coolers to every outlets like coca cola and Pepsi their doing to some outlets while majority they do not have access to get them. From my survey and research in dar es salaam i have 1200 people who are in demand for those coolers and this is from online three district in Dar es salaam region . This shows how the demand of it is higher. The budget of my budget is $43,690 currently to start due to the cost of buying transparent fridge/coolers ,software to be developed for coolers verifications, scanner to verify coolers and track for redistribution of cooler to the market plus rent for office with enough storage of cooler before giving them to shops and mama ntilie /lishe around the market who are not able to possess their own coolers and they are not eligible to companies coolers like coca cola,serengeti,Tanzania breweries limited and Pepsi who are the providers of coolers currently. But through my project i will give them coolers for free but they will pay a minimum cost for service and maintenance of the coolers only $13 per month. And also they will be allowed to sale everything through our coolers with no restriction. Also we will offer the business training after every three months to help them in capacity building for their business also through money collected i will open micro insurance share to give them soft loans with minimum interest of 2% of which no any micro finance or bank offers such interest and this will be special for those who have our
Impact of your enterprise on sustainable development
Impact of my innovation to sustainable development is as follows 1.development of local industries 2.helps to alleviate poverty among the community members 3.employment opportunity to young to participate to beverage industries 4.will help to protect environmental pollution due to special drams will be designed to keep waste to every outlets. 5.Will help many women to start beverage industries like mama Lishe around the streets to expand their business
Sustainability and future plans
The business model including all people who are ready to get coolers for their business at cheapest cost but they can get more profit from the business. Looking to my country there are mama lishes ,mangi shops and juice makers in different places they are not eligible to get coolers in their outlets simply because of conditions of the suppliers of those coolers like Coca cola and Pepsi. Not allowed to sale a competitors products in their coolers that affects to large extended the development of local industries the producers of beverages. Source of finance later on it will be banks and investors who will be interested to put their money in our business because it has margin at all. Currently am planning to start with one region with 1000 coolers but later to other 25 regions in our country hence the project will be growing.
Your profile as an entrepreneur
My name is frank George mbwana am 26 years old .I have completed my degree at university of dar es salaam business school in 2015 . I got my working experience in some companies like coca cola ,sunda international limited and fide investment but currently am working at my own company known as Marketric.Co.Ltd as marketing agency thus i come up with this great idea to my country.