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2 million dollars($) Capital Wanted.
Rank: Member Joined: 4/16/2008 Posts: 157
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I'm seeking a 2 million dollars($) Capital injection for growth and expansion of a very fast growing business in Kenya with a huge tried and tested potential in the rest of Africa. Returns are over 200%, it'll excite you. Equity and Debt options all welcome. Serious investors only. jsaitoti(at)gmail(dotcom)
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Rank: Member Joined: 4/26/2011 Posts: 759
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@Saitoti
No knowledgeable investor will buy the 200% return pitch people who have such kind of money do have some very good research and market knowledge and they expect you have done your homework well, so if you really have a good business idea, there are a few things you need to do 1) Invest on a website 2) 200% return is line rather stupid 3) Have an offical email 4) Understand that no one is going to just hand you any money just by dropping some numbers.
once you have those thing come here and refer all of us to some website with a link to youtube with you in a nice suit explaining why someone should put $2M in your business. Everything else is bullshit
Please drop that nickname "Saitoti" anyone who know Saitoti can easly connect you with the long Nigerian email starting with
My name is ... Saitioti, the son of former Kenyan Minister, I have $50 Million, I want you to help me tranfer to your account from a US bank, in return you will get $5 Million............
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Rank: Elder Joined: 2/23/2009 Posts: 1,626
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Seeking 2million dollars!!!! on wazua,really? Uncertainty is certain.Let go
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Rank: Member Joined: 4/16/2008 Posts: 157
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@Rollout, I've had a website since the business started off two years ago, 200% is an understatement, I also have an official email address from the website and my real name is Saitoti, I've been in Wazua since the days of SK.
The organization currently has 7 employees and we've been recording double digit growth yearly.
Thing is, I'm willing to share the business details with only serious investors and that's why I've left my email address so as to share the detailed information.
I've done my homework very very well, trust me.
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Rank: Member Joined: 4/16/2008 Posts: 157
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Chessmaster, Seeking 2million dollars!!!! on wazua,really? - Yes, That's right. It's not absurd to do that in Wazua, it's a very good investment opportunity.
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Rank: Member Joined: 10/13/2009 Posts: 25 Location: Nairobi
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saitoti wrote:I'm seeking a 2 million dollars($) Capital injection for growth and expansion of a very fast growing business in Kenya with a huge tried and tested potential in the rest of Africa. Returns are over 200%, it'll excite you. Equity and Debt options all welcome. Serious investors only. jsaitoti(at)gmail(dotcom)
@ Saitoti: Just some suggestions to help you in your search: 1. Develop a business plan in support of your search for capital. It is not clear from your posts whether you have developed a business plan or not. 2. Address the issue of your company's creditworthiness by evaluating and describing its 5 Cs of Credit: http://www.investopedia....rms/f/five-c-credit.asp
3. No one will lend you USD $ while you are in Kenya unless your sales are also in dollars. So you may want to re-evaluate the currency used in your borrowings. 4. For expansion outside Kenya, a financial institution will want to see that the company has used its own internal resources to establish a presence outside the country. Further they'll want to see how the foreign operations are performing separate from the local operations. 5. Have you approached your existing bank for an overdraft or a loan? If they have given you the funds, then use those funds first, repay them and ask for an extension in the limit given. If your bank has refused to extend to your company credit (loan or overdraft), then no other local bank will do as their lending criteria are similar. You'll also need to establish why your company has been refused credit. Investors may use similar criteria as used by the banks in evaluating whether to invest in your company. -Fair Car Dealer
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Rank: Elder Joined: 2/16/2007 Posts: 2,114
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@Saitoti, Where do you operate from i.e office location?
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Rank: Member Joined: 11/17/2009 Posts: 398 Location: Where everyone knows you
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saitoti wrote:@Rollout, I've had a website since the business started off two years ago, 200% is an understatement, I also have an official email address from the website and my real name is Saitoti, I've been in Wazua since the days of SK.
The organization currently has 7 employees and we've been recording double digit growth yearly.
Thing is, I'm willing to share the business details with only serious investors and that's why I've left my email address so as to share the detailed information.
I've done my homework very very well, trust me. Hi Bro, Double digit growth yearly is anything from 10 to 99 %. So where has the 200 % come from.
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Rank: Elder Joined: 12/17/2009 Posts: 3,583 Location: Kenya
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MatataMingi wrote:saitoti wrote:@Rollout, I've had a website since the business started off two years ago, 200% is an understatement, I also have an official email address from the website and my real name is Saitoti, I've been in Wazua since the days of SK.
The organization currently has 7 employees and we've been recording double digit growth yearly.
Thing is, I'm willing to share the business details with only serious investors and that's why I've left my email address so as to share the detailed information.
I've done my homework very very well, trust me. Hi Bro, Double digit growth yearly is anything from 10 to 99 %. So where has the 200 % come from. 200% are the returns
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Rank: Member Joined: 4/16/2008 Posts: 157
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Fair_Car_Dealer, Thank you for your contribution. I've the detailed business plan ready, in both $ and Kshs. Thanks for the 5C's model, It has assisted the company know it credit position.
For expansion outside Kenya we have used our own internal resources to establish a presence outside the country in Tanzania, Uganda, Rwanda, South Sudan and Burundi. Their performance has been commendable. The banks think i'm just borrowing too much, they want us to first start with a small loan then borrow more after around 6 months. Unfortunately, time is not on our side.
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Rank: Member Joined: 4/16/2008 Posts: 157
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Chaka, I do operate in Nairobi's CBD. Nakujua, thanks for correcting MatataMingi.
Serious guys drop me a line on below address, jsaitoti(at)gmail(dotcom) See what's in it for you, you don't necessarily need to raise the whole amount alone, the model is open to allow different kinds of investors in.
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Rank: Member Joined: 4/16/2008 Posts: 157
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-Ann Macbeth
But a lot of businesses out there don’t see the return on investment, they look at it as a liability, and until they can understand that proactive security actually returns, gives them a return on investment, it’s still a hard sell for people.
Think Different.
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Rank: Member Joined: 4/16/2008 Posts: 157
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Thank you to all those who've expressed interest on email. The application period will be closing this Saturday(16th,March, 2013) at 4 P.M after which we'll go through the applications and contact the successful applicants.
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Rank: Elder Joined: 3/18/2011 Posts: 12,069 Location: Kianjokoma
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@saitoti, look for one of the venture capitalists eg fusion capital. So long as you have a running biz and a biz plan with reasonable numbers, they will assist get the amount you need.
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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saitoti wrote:Fair_Car_Dealer, Thank you for your contribution. I've the detailed business plan ready, in both $ and Kshs. Thanks for the 5C's model, It has assisted the company know it credit position. I'm sorry.. But I find it very hard to believe that a credible company in need of $2million does not know its credit position and needs investopedia & the same wazuans from whom it is requesting the cash to show it the way! Mark 12:29 Deuteronomy 4:16
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Rank: Member Joined: 4/16/2008 Posts: 157
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Lolest!, thanks for your contribution. Apart from Fusion Capital, which other Venture Capitalists (VCs) and Development finance institutions (DFIs) exist in Kenya? That information may assist the many of entrepreneurs and entrepreneurs-to-be now following this thread raise capital. Thanks.
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Rank: Member Joined: 4/16/2008 Posts: 157
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guru267, of course we know our credit position. Only that we had not used the 5C's model. Get it?
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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guru267 wrote:saitoti wrote:Fair_Car_Dealer, Thank you for your contribution. I've the detailed business plan ready, in both $ and Kshs. Thanks for the 5C's model, It has assisted the company know it credit position. I'm sorry.. But I find it very hard to believe that a credible company in need of $2million does not know its credit position and needs investopedia & the same wazuans from whom it is requesting the cash to show it the way! mmmmh possunt quia posse videntur
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Rank: Member Joined: 4/16/2008 Posts: 157
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