A loan to help an entrepreneur make safe, clean drinking water more accessible and affordable in her community
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Kimberly's Story
Kimberly is an enterprising young woman who has setup water businesses with her family, drilling boreholes and pumping water for distribution to her neighbors. This has made water accessible to her community. She is now ready to be a water entrepreneur on her own. She's partnered with Untapped who will provide the water purification equipment and contribute to her initial setup costs in addition to helping her get a loan required to buy the equipment. This will ensure water is clean and safe to drink. More about this loan:
This loan is part of Untapped's Micro-Entrepreneur Franchise Program which provides technical training, technical support, and proven equipment to entrepreneurs who want to startup businesses that provide basic services to their community. Kim contributes $2,000 of the total $12,000 cost to setup the business, and the rest is paid for by this loan. Untapped guarantees the loan which means if Kim unable to pay off the loan, Untapped ensures your loan is fully repaid. |
About Kim's Ovive Drinking Water Franchise
Untapped helps entrepreneurs setup drinking water businesses around the world under the brand, Ovive. As a franchisee, Kim will have training and technical support from Untapped to setup her business and make sure it provides quality, clean water at half the price of other water brands in her neighborhood. What Makes This Loan Special:
It makes safe,affordable and clean drinking water a reality for an underserved community. Repayment Schedule:
October 1, 2020: Disbursement of Funds July 31, 2021: First Monthly Payment March 31, 2022: Final Monthly Payment |
Questions & Answers
Q: Why should I lend to Kim’s Water ATM franchise?
A: Lending to Kim's Water ATM franchise will help people in her community get safe drinking water and it will help Kim build a new business. And because the loan is backed by Untapped, you'll get your money back, with interest!
Q: What is Untapped?
A: Untapped is a global company that specialises in supporting entrepreneurs build impactful businesses serving their communities. Untapped provides technology support and financing so that entrepreneurs can start and grow their small businesses. Untapped provides the Kim the equipment, training, and technical support as well as financial guarantees to make her dream a reality.
Q: What is the Ovive brand?
A: The Ovive water brand originated in Haiti, where Untapped's business model of entrepreneur empowerment for quality drinking water was developed and refined. Ovive stands for locally-production, quality at international standards, and an affordable prices.
Q: Do I need to fund the entire loan?
A: No! You can fund any portion of the loan you can afford. It all adds up.
Q: Will I get repaid ?
A: Untapped guarantees that lenders will get paid back, even if Kim is unable. Untapped is involved in selecting franchisees, training them, and then supporting them technically to ensure they succeed. Because Untapped takes these steps, they can take on the risk of guaranteeing that lenders get repaid.
Q: How do repayments get back to lenders?
A: Repayments (principal and interest) are credited back to lenders' accounts each quarter after the grace period (9 months in this case), and can either re-lend the funds to other franchisees at the end of the loan period (18 months), or withdraw it in its entirety.
Q: What is the due diligence process on the borrower- Kimberly?
A: Each franchisee is selected based on their committmment to the business and their connection to the community they're serving. nevertheless untapped provides business and technical training to ensure the success of each franchisee.
Q: How can I support future Untapped micro-finance programs?
A: Apart from lending to individual franchisees, Untapped offers numerous programs for directly financing small entrepreneurs, ranging from safe drinking water to motorcycle taxi drivers. Find out more about other Untapped CAPEX financing programs for small businesses in emerging markets by contacting investors@untapped-inc.com
Q: How can I contact Untapped?
A: Contact us at info@untapped-inc.com !
Q: Why should I lend to Kim’s Water ATM franchise?
A: Lending to Kim's Water ATM franchise will help people in her community get safe drinking water and it will help Kim build a new business. And because the loan is backed by Untapped, you'll get your money back, with interest!
Q: What is Untapped?
A: Untapped is a global company that specialises in supporting entrepreneurs build impactful businesses serving their communities. Untapped provides technology support and financing so that entrepreneurs can start and grow their small businesses. Untapped provides the Kim the equipment, training, and technical support as well as financial guarantees to make her dream a reality.
Q: What is the Ovive brand?
A: The Ovive water brand originated in Haiti, where Untapped's business model of entrepreneur empowerment for quality drinking water was developed and refined. Ovive stands for locally-production, quality at international standards, and an affordable prices.
Q: Do I need to fund the entire loan?
A: No! You can fund any portion of the loan you can afford. It all adds up.
Q: Will I get repaid ?
A: Untapped guarantees that lenders will get paid back, even if Kim is unable. Untapped is involved in selecting franchisees, training them, and then supporting them technically to ensure they succeed. Because Untapped takes these steps, they can take on the risk of guaranteeing that lenders get repaid.
Q: How do repayments get back to lenders?
A: Repayments (principal and interest) are credited back to lenders' accounts each quarter after the grace period (9 months in this case), and can either re-lend the funds to other franchisees at the end of the loan period (18 months), or withdraw it in its entirety.
Q: What is the due diligence process on the borrower- Kimberly?
A: Each franchisee is selected based on their committmment to the business and their connection to the community they're serving. nevertheless untapped provides business and technical training to ensure the success of each franchisee.
Q: How can I support future Untapped micro-finance programs?
A: Apart from lending to individual franchisees, Untapped offers numerous programs for directly financing small entrepreneurs, ranging from safe drinking water to motorcycle taxi drivers. Find out more about other Untapped CAPEX financing programs for small businesses in emerging markets by contacting investors@untapped-inc.com
Q: How can I contact Untapped?
A: Contact us at info@untapped-inc.com !