High 5 for African Business


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Poyeho Project
PO Box 1417
Puyallup, WA 98371

HIGH 5 for African Business

PROBLEM: A lack of separate micro-lending institutions in many African countries. Once we have a business prepared to launch it is difficult finding the funds

SOLUTION: High 5 for African Business

The concept of High 5 is to create a funding account within Poyeho Project to provide low cost loans for business launches. The initial goal would be to gather contributors who would donate a minimum of $5.00 per month for 12 months as an initial commitment. Each business would be required to have an approved business plan and have worked with Poyeho Project. This way we are working with known individuals that are working under our oversight. In turn, their business receives the money they need to launch and would provide us with on-going reporting on its success.

Contributors would receive a monthly update that would include: account balance, business prospects, loan situations, basically a complete disclosure on what’s happening.

Loan payments would begin based on the projected cash flow and would be setup on an accelerated schedule based on business growth. This pool of money would then be available for more businesses.

200 contributors x $5.00/month x 12 months = $12,000.00

Potential & Existing Businesses

  • VIC Poultry Business – Bangula, Malawi  Raising chickens and selling the eggs. Loan for start-up $2,000.00
  • UCOM – Chiemba Village, Malawi  Agriculture business. Growing and selling produce. Loan for purchasing a portable, submersible, solar powered pump to allow them to grow produce year round. Loan value $1,500.00
  • NSHFO Livestock Business – Bangula, Malawi  Expand the business from raising goats to also raising beef cattle. Land acquisition (100 acres), veterinary costs, building a herdsman’s home. Loan value $4,000.00
  • Fishing Business – Bangula, Malawi  Purchasing new nets to increase catch and spend less time repairing nets. Loan value – $1,000.00
  • Business Consulting Firm – East London, South Africa   Acquiring computer equipment, facility rental, printing costs. Loan value $3,000.00
  • IT Business – Lilongwe, Malawi
  • Food Processing Business – Lilongwe, Malawi
  • Restaurant Business – Bangula, Malawi

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