Published on June 4, 2016 um 18:58
Explain your idea in details:
MERA is an online web based application design to help people learn, decide and invest their funds with ease at any time within 24hours. The application will help people to learn about how they can invest their funds and provide the best opportunity for them to invest. NADA will teach about how to be financially free in text or video format; help them to buy/sell their financial securities(shares, bonds, real estate, etc.) at convenience; provide latest business, financial and investment news; provide mutual investment opportunity to other parties for investment purpose; provide best investment opportunities on any type of investment and the options of which to buy or sell. The application will eradicate fraudulent activities being perform by brokers by helping them connect with their investment firms directly and chatting with them as well. Also, the application will reduce the hassle of providing hard copy documentations by providing online registration process with ease.
Expected impact of your idea on sustainable development
1. The business will create over 200,000 jobs employing young people in different locality or states 2. The business will generate average of a monthly revenue of over USD5000 or more with customers increasing rapidly due to public enlightenment and advertorials 3. The business will help to reduce poverty to below 70%, reduce excessive and unnecessary spending among young people and increase the level of financial literacy among the people.
Plans for implementation and sustainability
our plans include:
1. Hiring the best team
2. Building and servicing our customer base
3. Revenue generation from services offered
4. Offering returns to clients and shareholders/stakeholders
we also, intend to be financed by Youth Citizenship Entrepreneurship, personal financing and probably equity funding. In other to grow and expand, we are also going to network and partner with finance firms to aid the business scale and soar high.
I am Chibuikem Igwe Eme I am 26years and a 200 level Accounting undergraduate of the National Open University of Nigeria. I am a twin (not identical) and reside in Lagos, Nigeria. I chose to be an entrepreneur because I want to solve socio-economic problems in the society by eradicating poverty and reducing the habit of wasteful spending and frivolity among people especially the young people. I discovered that most young people, especially in Africa cannot save and do not know how they can invest their money or, they find it difficult to invest their money in the right place (investment vehicle), so I chose to create a system where they can learn, decide and invest. I had gather so many skills in leadership ranging from church to school and workplace, I had served as the finance director in my department in school under the accountancy body, president and finance secretary in church and project administrator in a construction firm working with 4 different project managers. I believe managing MERA will not be a challenge since I had learnt to manage people and resources in various capacity. As the head of finance and budgeting and Project Director for "LAGOS CHASTITY PARADE", I had successfully help to organize and executed the event annually from its inception in 2010 to 2015 with the team and every stakeholders working with me to see the event succeed. back in school, I was awarded the "MOST IMPACTFUL YOUNG PERSON" by SAGE Group Nigeria and also, the best Class governor in school.
Stage of Idea