The business is offering an exceptional service that anyone can remember a kind of service that is reliable and dependable in the times of needs, so to speak the researchers decided to use the name FUND EXPRESS LOAN AND FINANCE. These venture aims to provide financial assistance at low interest rate to its clientele.
1.2 Location
We choose to locate our business in Del Pilar St. Cabanatuan City, Nueva Ecija, The owner choose that location because of its accessibility and there are lots of transportation facilities available on that area.
1.3 Vision
Our vision is to be one of the leading financial and lending institutions, providing financial assistance to less fortunate but deserving customer who does not have any access to any credit company. We will also offer a multi-purpose cash loan with no collateral requirement and comes in affordable payment terms.
1.4 Mission
Our mission is to consistently exceed customer expectation by providing value-adding solutions through professional and highly motivated people, delivering excellent financial performance in all markets where we operate. Our company serves as an avenue promoting the welfare of the poor through livelihood transformation. 1.5 Brief Summary of the Project 1.5.1 Management Study The owners decided to use corporation as form of business organization since the law required any lending company to be registered as corporation. Capitalization will be sourced from the owners own savings, hence to ensure the efficiency of the use of resources, the owners decided to take the responsibility of managing the affairs of the business.
1.5.2 Marketing Study The owners will be using referral system as one of the form of marketing strategy. It has been proven that word of mouth is the best marketing strategy, so it is necessary to preserve the good reputation of the company. Moreover, the company will use tarpaulins and banners.
1.5.3 Technical Study The business will offer different services such as: Providing instant access to cash in times of needs disclosing to borrowers the loan term, or number of monthly payments you need to make to repay the loan in full Avoid Client Over-indebtedness Appropriate collections practices Ethical staff behavior Mechanisms for redress of grievances Protects Privacy of client data
1.5.4 Financial Study The amount capitalization as per Securities and Exchange Commission required should be P 1, 000, 000.00. Such amounts will b funded by the owners itself through equal sharing.
1.5.5 Socio-Economic Study
The proposed business will benefit the economy through providing employment. This will give the hired employees and their families their source of income for their living needs. That consumers income will help keep the economy stimulated. This business will promote religious practice by paying tax.