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    Revised DASAP Application For Microgrant

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    abrshseven8
    This document is a 4 page application for a $4,000 microloan from DASAP Sanctuary. The applicant, Abraham Ayele syum, has been living in the Kenya sanctuary for 3 months. He proposes starting an agriculture business growing corn and sesame seeds by renting farmland. Initial expenses would include land rental, two cows, farming equipment, and seed costs. The applicant provides an executive summary of the business plan, including market research showing demand for the crops in Africa. He includes a business model outlining expenses, revenue projections, and a loan repayment schedule in a Google Sheets document. The application notifies the applicant to save the documents to their DASAP drive folder and alert contacts once completed

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    Revised DASAP Application For Microgrant

    Uploaded by

    abrshseven8
    16 views4 pages
    This document is a 4 page application for a $4,000 microloan from DASAP Sanctuary. The applicant, Abraham Ayele syum, has been living in the Kenya sanctuary for 3 months. He proposes starting an agriculture business growing corn and sesame seeds by renting farmland. Initial expenses would include land rental, two cows, farming equipment, and seed costs. The applicant provides an executive summary of the business plan, including market research showing demand for the crops in Africa. He includes a business model outlining expenses, revenue projections, and a loan repayment schedule in a Google Sheets document. The application notifies the applicant to save the documents to their DASAP drive folder and alert contacts once completed

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    Copy of Revised DASAP Application for Microgrant

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    This document is a 4 page application for a $4,000 microloan from DASAP Sanctuary. The applicant, Abraham Ayele syum, has been living in the Kenya sanctuary for 3 months. He proposes starting an agriculture business growing corn and sesame seeds by renting farmland. Initial expenses would include land rental, two cows, farming equipment, and seed costs. The applicant provides an executive summary of the business plan, including market research showing demand for the crops in Africa. He includes a business model outlining expenses, revenue projections, and a loan repayment schedule in a Google Sheets document. The application notifies the applicant to save the documents to their DASAP drive folder and alert contacts once completed

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    16 views4 pages

    Revised DASAP Application For Microgrant

    Uploaded by

    abrshseven8
    This document is a 4 page application for a $4,000 microloan from DASAP Sanctuary. The applicant, Abraham Ayele syum, has been living in the Kenya sanctuary for 3 months. He proposes starting an agriculture business growing corn and sesame seeds by renting farmland. Initial expenses would include land rental, two cows, farming equipment, and seed costs. The applicant provides an executive summary of the business plan, including market research showing demand for the crops in Africa. He includes a business model outlining expenses, revenue projections, and a loan repayment schedule in a Google Sheets document. The application notifies the applicant to save the documents to their DASAP drive folder and alert contacts once completed

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 4

    DASAP Sanctuary Member Application for Micrgrant 4 pages

    If you have any questions, contact Clare at [email protected]

    Date of Application July 17th 2023_________________________________

    What Sanctuary do you reside in?_______kenya_____________________ How long


    have you been in this Sanctuary?_____3
    months______________________________________

    Name of individual(s) applying for the Microloan ____Abraham Ayele


    syum_________________________________________________________________
    ___________________________________________________________

    Amount of requested loan (in US Dollars) ___$4000___________________

    Executive Summary: Tell the DASAP Board what your business idea is, including the
    name of your business, and why you think it will be successful. Include important
    details, such as whose name any permits or licenses will be in. For example, if you are
    starting an Uber service, whose name will the car title be in? If you are leasing land -
    what are the terms of the lease? What research have you done on this business
    concept? Did you talk with Uber drivers currently in the business? What did you find
    out? If you are proposing a beauty salon - how many salons are in the area you want to
    locate your business in? How will you market your salon to customers? This is called
    market research and is important to demonstrate that you have a head for business in
    general and specifically for the business you are proposing.

    My idea of starting up a small business where i reside in kenya is that i have explored
    that there are some business i can do if i have money to start up with. If i have to start
    with a small business my #1 choice would be agriculture. I have some farming skills
    from back home and i have learned that i can rent a farming land and produce such as
    corn and sesame seed which is much consumed in africa and much profitable.
    Expenses: Renting a land, two cows,equipment for the farming,and seed for farming
    Revised 2.15.23
    Business Model: Use the attached spreadsheet in Google sheets (Free Software).

    ❖ Expenses
    ➢ Cost of goods (initial investment needed and monthly expenses to
    maintain the business). State here, first, what the costs are for starting
    and then, running your business on a monthly basis For example, if you
    are starting an Uber service - what is the cost of the automobile, the title
    and taxes, the monthly insurance payments, the budget for maintenance
    to the car, the projected monthly gasoline expense, etc. If you are
    starting a “fish farm” - your initial investment will likely be large - provide a
    list of equipment and the costs needed to start the business and then the
    monthly items and costs you will need to maintain the business. Will you
    have any employees? How many hours will they work and what will you
    pay them?

    ❖ Revenue
    ➢ Sales (this is your projection of earned income - money coming in from
    your business). State here, by month, what you expect to earn from your
    business. You may not have sales in the first month. For example a fish
    farm would require a few months of investment before the product was
    ready to sell to the public. For an Uber service, you would expect to see
    income coming in almost immediately upon launch of the business. It is
    important to accurately project your sales, as best you can, and to make a
    note of your assumptions. Use this space, here in Google Sheets, to write
    out the assumptions you used in projecting revenue. For an Uber
    business, how many hours a day/month the car will be in service; how
    many customers you assume will use your service and average revenue
    per customer, etc. Use the same type of information/assumptions with
    other businesses - number of customers/month; average sales/customer =
    revenue/month. Remember to list all your assumptions here, in bullet
    format. If you are proposing a salon - how many days/week/month is the
    salon open?

    ❖ Microloan Payback
    ➢ Loan payback schedule. This is where you state when and how much you
    propose to pay back the DASAP Microloan. It is expected that Sanctuary
    members will use their monthly assistance to pay back DASAP for
    microloans. Simply state, how much and starting in which month, you
    (and your partners if applicable), will begin microloan payments. Start with
    the loan amount and then deduct what payment will be made toward the
    balance each month until the loan is paid back. The attached google
    sheet has formulas embedded so it will do the math for you if you put your
    numbers in the cells.

    Revised 2.15.23
    Applicants:
    When you have completed the Executive Summary, listed all your business model
    assumptions in bullet form in this document and completed the financial business
    model/cash flow pro forma in google sheets - you will have completed the first round of
    your DASAP Microloan Application. Congratulations! Now you need to save the
    document to your dedicated/personal folder on the DASAP google drive and alert
    Florence and Clare via email that you have done so. DO NOT attach your proposal to
    your email. We have access to your google folder. We will be in touch regarding next
    steps once we have received your email notification that there is an application in the
    drive. Please note the DASAP Board meets quarterly or 4/year. The Board must
    approve all Microloan Applications. The schedule for 2023 Board meetings is as
    follows:

    Revised 2.15.23

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