TEEP APPLICATION FORM
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Chibuikem Igwe Eme is a Nigerian entrepreneur and founder of MERA, an online application to help people learn about investing and provide investment opportunities. He has experience in leadership, finance, and project management. His proposed application, NADA, will teach financial literacy, enable buying and selling of investments, and provide curated investment opportunities to solve problems like poverty and fraud.
TEEP APPLICATION FORM
- 1. Your Profile CHIBUIKEM IGWE EME CO-FOUNDER/CEO, MERA Personal Information Change Profile Picture Upload Profile Picture Browse... Upload YOUR ARCHIVED TEEP APPLICATION Section 1 - Personal Information Title Mr First Name CHIBUIKEM Middle Name Last Name IGWE EME Date of Birth 1989-10-26 Nationality Nigeria TEEP Application Archive Page 1 of 9Tony Elumelu Foundation Entrepreneurship Programme (TEEP) 23/03/2016https://teep.tonyelumelufoundation.org/me
- 2. Official Identification View National ID () Most fluent in: English Native Language: English Additional Languages: Gender Male Medical Disability N/A Section 2 - Contact Details Street Address 29 ONI STREET, SURULERE, LAGOS, NIGERIA Country Nigeria State/Province/Region Lagos State City/Town SURULERE Postal Code 23401 Main Number Other Numbers Main Email igwechibuikem@gmail.com Additional Email Accounts Page 2 of 9Tony Elumelu Foundation Entrepreneurship Programme (TEEP) 23/03/2016https://teep.tonyelumelufoundation.org/me
- 3. Skype ID Section 3 - Education Highest Level of Education Bachelor of Science (B.S.) Major/Primary Area of Study Accounting Section 4 - Social Media Social Media Facebook: igwechibuikememe Section 5 - Business Profile Business/Company Name MERA Street Address 29 ONI STREET SURULERE LAGOS Country Nigeria State/Province/Region Lagos State City/Town Postal Code 23401 Page 3 of 9Tony Elumelu Foundation Entrepreneurship Programme (TEEP) 23/03/2016https://teep.tonyelumelufoundation.org/me
- 4. Website About Me I am Chibuikem Igwe Eme, a 200 level Accounting undergraduate of the National Open University of Nigeria. I am a twin and reside in Lagos, Nigeria. I chose to be an entrepreneur because I want to solve solve-economic problems in the society by eradicating poverty and reducing the habit of wasteful spending 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. Leadership Skills & Experience 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 Personal Achievement 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 to see the event succeed. Elevator Pitch NADA 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 help people to learn about how they can invest their funds and provide the best opportunity for them to invest. Detailed Description NADA 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. Wow Us The application will: 1. Help them to learn, 2. Buy and sell investments 3. They will get best Page 4 of 9Tony Elumelu Foundation Entrepreneurship Programme (TEEP) 23/03/2016https://teep.tonyelumelufoundation.org/me
- 5. investment opportunities. Problem Solved The application will help to solve the following problems: 1. Eradicate poverty 2. Reduce unnecessary spending 3. Teach them how to save and invest. 4. Make good financial plan and decisions 5. Eradicate fraudulent brokers and investment agent. 6. Eradicating lost of funds in wrong investment pools, etc Development Stage Idea (Concept) Industry Sector Financial Services SDGs No Poverty Decent Work and Economic Growth Section 6 - Company Structure Registered Company No Company Documents Business Start Year None Type of Business Entity Business Partners No Partner Consent Primary Role CO-FOUNDER/CEO Page 5 of 9Tony Elumelu Foundation Entrepreneurship Programme (TEEP) 23/03/2016https://teep.tonyelumelufoundation.org/me
- 6. Employees Contractual 1 Part Time 2 Full Time 2 Section 7 - Market Potential Addressable Market The market size is large raging from: 1. age infant to adulthood 2. unemployed, self employed and employed 3. private to corporate 4. children, adolescent, teenagers, youth and adult, etc. Revenue Model Revenue generation to derive as follows: 1. TEEP 2. Personal contributions 3. Equity investment 4. bank loans, etc. Marketing Strategy We intend to market the product to our esteemed customer as follows: 1. Social media (facebook, Twitter, Youtube, etc.) 2. TV and radio adverts 3. Flyers and posters, 4. Partnership with organizations with large workforce 5. billboards and other road advert 6. advertisement in eateries 7. Banks, etc. Competitors Our proposed competitors are: 1. Stockbroking firms 2. Banks 3. Investment banking firms Differentiator Our difference with others are: 1. Online uniqueness 2. Mode of operation 3. Ease of doing business 4. Decisive options to our customer on best investment opportunities, etc. Current Milestone We are in the planning and design stage Next Milestone Our next milestone are: 1. Application launch 2. Market launch, etc. Page 6 of 9Tony Elumelu Foundation Entrepreneurship Programme (TEEP) 23/03/2016https://teep.tonyelumelufoundation.org/me
- 7. Section 8 - Financials Invested Cash $ 1,500.00 Monthly Expenses $ 250.00 Lifetime Revenue $ 530.00 Break-Even Volume when i have 125customer or more Break-Even Revenue $ 25,000.00 Section 9 - Business Impact Impact 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 lightenment 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. Challenges The challenges of the business or may likely face are: 1. Funds to accelerate business operations 2. Rural communities penetrations 3. Manpower selection and partnership. Aims My aim in participating in TEEP are: 1. Learn how to start a business 2. Learn how to run a successful business 3. learn how maximise investors funds 4. learn to use the right tools and people in the place of running a business Business Skills Page of 9Tony Elumelu Foundation Entrepreneurship Programme (TEEP) 23/03/2016https://teep.tonyelumelufoundation.org/me
- 8. Finance (Raising money and investment) Developing the product/service Marketing the product/service Managing resources Mentor Name Godswill Umuanekke Occupation Financial Consultant Address 111 clegg street surulere lagos Email Phone Number (231) Section 10 - Attestations Information Source Facebook Full Time Yes Reason Previous Accelerator No Amount of Funding Received $ 0.00 Referee 1 Referee Name George Onyegbuna Referee Occupation Construction Engineer Page of 9Tony Elumelu Foundation Entrepreneurship Programme (TEEP) 23/03/2016https://teep.tonyelumelufoundation.org/me
- 9. Referee Address 111 clegg street surulere Referee Email sharonlimited@gmail.com Referee Phone Number ( 231 ) - 08034888359 Referee 2 Referee Name Godswill Umunakkwe Referee Occupation Financial Consultant Referee Address 111 clegg street surulere lagos Referee Email godswillumunakkwe@gmail.com Referee Phone Number ( 231 ) - 07054825755 © 2016. All Rights Reserved. Page 9 of 9Tony Elumelu Foundation Entrepreneurship Programme (TEEP) 23/03/2016https://teep.tonyelumelufoundation.org/me