Fred and Partners,

P.O Box 202,

Lusaka, Zambia

September 11th

2022

Director General

Zambia National Youth Empowerment

Unit, Lusaka,

Zambia.

Dear Sir/Madam,

REF: FUNDING PROPOSAL FOR GENERAL SUPPLIES & TRANSPORT

LOGISTICS PROJECT

We at Fred and Partners are excited to give you our proposal for consideration. We're

excited to work with you to enhance Lusaka's logistics infrastructure.

Currently, companies that transport goods typically rent heavier, single-wheeled

wheelbarrows. This reduces the transporters' daily load capacity, which has an impact on their

earnings potential.
 To this end, Fred and Partners, based in Lusaka, makes use of cutting-edge technology

and equipment to deliver modified wheel barrow hire services that are both dependable and

affordable. In contrast to the market's current offerings of heavier, less efficient wheel barrows,

the company's primary focus is on the use of lighter, state-of-the-art wheel barrows to facilitate

the transportation of goods and commodities.

Fred and Partners therefore requests seventy thousand kwacha in financial aid (ZMW

70,000). The money will be used to buy wheel barrows, advertise, pay for the changes, and pay

for the rental of a work space. Expected earnings are ZMW 175,500 in 2022, ZMW 438,000 in

2023, and ZMW 547,500 in 2024.

We're glad to see the national youth empowerment organization supporting initiatives spearheaded

by young people.

If there are any questions or concerns about this proposal, please reach out to the Project Manager

at Phone: (2609-) or Write:.

Yours sincerely,

Fred

Project Manager

Fred and Partners

 Company Profile

Transport and supply chain experts

Aim

Through initiative and hard work, we will offer wheel barrow rental services that are

dependable, prompt, and competitively priced.

Our Vision

Our mission is to revolutionize the wheelbarrow rental industry in Zambia through the

application of cutting-edge technology and cutting-edge equipment.

Mission Statement

To foster an environment that encourages creativity and efficiency so that we can fulfill

the needs of our clientele.

 Project Proposal

Executive Summary

Fred and Partners is a Lusaka-based business that employs cutting-edge tools and

methods to deliver excellent modified wheel barrow rental services at competitive rates. With

the purchase of a storefront in Lusaka's Soweto market and a fleet of one hundred customized

wheel barrows, the company will launch its operations and establish a foothold in the industry.

The Soweto market area is served by Fred and Partners, who offer comprehensive wheel

barrow hire services with cutting-edge tools and machinery. The company's offerings

demonstrate our commitment to innovation and foresight, as well as our understanding of the

importance of adapting to the changing preferences of our clientele. The foundation of Fred and

Partners' philosophy is a commitment to service and an understanding that clear and concise

communication is essential to the success of any business relationship. Additionally,

management is cognizant of the fact that adaptability and professionalism are essential for the

company to keep its competitive edge in today's market.

The company will provide wheel barrows that are regularly cleaned, maintained, and

inspected for safety and comfort by staff members who are helpful, courteous, and fully trained

on the use and maintenance of the wheel barrows.

To increase brand recognition and customer loyalty, we will position our product or

service as a competitive alternative to the existing wheel ferrier and Zamcab services in the area.

With a strong push in marketing, the firm hopes to capture at least 65 per cent of the market in

the coming year. In the future, the company hopes to be the market leader in its field.

a highly-regarded wheelbarrow rental service in Soweto Market and other Lusaka

marketplaces.

In contrast to the market's current offerings of heavier, less efficient wheel barrows, the

company's primary focus is on the use of lighter, more modern wheel barrows to facilitate the

transport of goods and commodities.

The businesses of Zamcabs, Capital Cab, Yellow Cab, and others that offer wheel

barrow rental services will be Fred and Partners' main rivals. There are a number of drawbacks

to using wheel barrows, including the fact that they are more cumbersome than Fred and

Partners  wheel barrows, have fewer wheels (one or two), and are therefore less stable. In the

Lusaka wheel barrow market, the company has a leg up on the competition thanks to its cutting-

edge machinery.

To purchase Fred and Partners wheelbarrows and launch operations, the company is

looking to raise ZMW 70,000 in capital. The money will be used to buy wheel barrows,

advertise, pay for the changes, and pay for the rental of a work space. Revenues of ZMW

175,500, ZMW 438,000, and ZMW 547,500 are expected in 2020, 2021, and 2022, including

both.
 Project Description

The youth of Soweto Market stand to benefit greatly from this project's proposed
upgrades to the market's transportation infrastructure, which should lead to an overall higher
quality of life. To accomplish this, we will: Offer clients (most of whom are young) access
to updated wheel borrows.

Relevance
The existing wheel borrows on the market today only have a single wheel, so they

require a lot of effort to push or pull. Fred and Partners are bringing four (4) wheel borrows to

the market that are both lightweight and up-to-date. Clients can anticipate a rise in their income

as a result of this.

About 18 million people live in Zambia at the moment, with men making up about 49%

of the total population (according to the country's Central Statistical Office in 2010). There is a

sizable proportion of young people in the Zambian population. Therefore, the project will focus

on the young people of Soweto market who work as luggage carriers. This is why Soweto

Market was selected; it is the city's most diverse neighborhood in terms of both geography and

language.

Objective

In the next 12 months, the company plans to launch a vigorous advertising campaign

with the aim of capturing at least 65 per cent of the market. Most people who buy the service

from this market are repeat buyers, who frequent the market approximately once every two to

three days, so the company's goal in the next two to five years is to be the highest rated wheel

barrow transportation service provider in Lusaka's Soweto market.

 Company Summary
Fred and Partners was founded in 2021 in Lusaka Zambia. The company is a registered with

Patents and Companies Registration Authority (PACRA) under the name Fred and Partners.

Company Strategy

The Fred and Accomplices procedure is to soak the market with Komboni Radio

notices portraying the organization as a head merchandise and wares transportation

administration. The organization will use the most up to date wheel pushcart administration

innovation available. Fred and Accomplices will rule the market on the grounds that no other

organization has this extraordinary wheel pushcart highlights.

The organization's procedure is to construct notoriety and piece of the pie in our

objective market by laying out our business presenting as a reasonable option in contrast to

existing wheel pushcart employ administrations. Fred and Accomplices expects to get the

certainty of clients and lay down a good foundation for itself as an organization that gives

unrivaled client care by utilizing the furthest down the line gear to offer ideal and solid types

of assistance.

Risks

The business is aware of the threats posed by the economy and technological advancements.

How the company sees its risks and what it's doing about them is as follows.

 New wheel barrow companies face a "lock out" because entering the industry is so difficult.

FRED AND PARTNERS will form strategic alliances with the proprietors of stands in the

Soweto Market to reduce this danger. FRED AND PARTNERS will benefit from the

alliance in the form of referrals and preferred hiring from the stand owners.
 The company also plans to reduce this risk by entering into an agreement with Yellow

Cab, a provider of wheeled transportation services.

 Sufficient infrastructure. FRED AND PARTNERS is aware of the difficulty in

finding a location with enough space for all operations. Facility with which FRED

AND PARTNERS has negotiated a lots of room to spread out and do your thing.

It's spacious enough for a maintenance station to be set up, and there's even a place

nearby to keep wheelbarrows out of the way.

Value Proposition

Customers can benefit from FRED AND PARTNERS' products and services in the

following ways:

 Accessibility. Products and services offered by FRED AND PARTNERS give

both drivers and customers in the Soweto area the ease and effectiveness they

need when transporting goods and commodities.

 Offerings and prices will be competitive in order to entice the target market

and increase the rate of daily rentals..

 To make wheel barrows more portable and user-friendly, we've reduced their

weight and complexity. Users will have access to a wheel barrow from FRED AND

PARTNERS that can be used in a variety of environments. When compared to

standard wheel barrows, the four-wheeled variety will be able to transport more

weight and more material.

 Service Description

Since the wheel barrows are the first point of contact for many tourists at the

Soweto market, FRED AND PARTNERS understands the importance of making a good

first impression and treating customers well. The company's dedication to serving its

customers and its emphasis on selecting the best possible employees will shine through in

its customer service department. Renting a wheel barrow from FRED AND PARTNERS

in Lusaka's Soweto market guarantees the following high standards:

 Wheelbarrows must be kept neat and clean.

 Superiority in dealing with clients

 Products that are of the highest quality

Marketing Strategy

To raise brand awareness, FRED AND PARTNERS wheel barrows will launch a

strategic advertising campaign. The following are the advantages that will be highlighted

in the advertising campaign:

 Many diverse choices for renting or leasing.

 Wheel barrows will be serviced with the utmost care.

 FRED AND PARTNERS is committed to providing exceptional service.

 If a client has never used a wheel barrow before, we will take the time to show them
how everything works so that they feel completely at ease using it.

Various promotional strategies will be employed:

Radio Advertising

Because of the station's popularity amongst Soweto market patrons, FRED AND

PARTNERS has decided to place ads on Komboni radio.

Newspaper Advertisements

FRED AND Accomplices will put commercials on boards at Soweto market and will

print banners to course to advertisers and customers to bring issues to light about the wheel

pushcart benefits that it offers.

Sales Strategy

The goal of FRED AND PARTNERS' sales strategy is to transform casual

browsers into dedicated patrons. This is vitally important because shoppers at Soweto

market typically make large purchases of a wide variety of goods. The same holds true

for the call boys whose primary job function is to carry customers' purchases from the

Soweto market to the City market, from which they board buses. If FRED AND

PARTNERS can win over the handymen, they will choose them as their go-to supplier.

A simple way to guarantee increased sales from satisfied returning customers is to

consistently outdo their expectations. An additional benefit of having satisfied customers

is word-of-mouth advertising. The most reliable recommendations are those that come

from people you know and trust, especially when they are based on their own personal

experiences.

Sales Forecast

One hundred of the customized wheel barrows are on the way, and FRED AND

PARTNERS plans to rent them out for K15 a day.

Sales forecast analysis for the first three years of operations

Milestones

FRED AND PARTNERS has identified several milestones that will assist the

organization in reaching pre-identified goals. Milestones were chosen to be realistic,

achievable, yet lofty. The following table details the specific milestones, what department

is responsible and the time frame

 The Structure and Operating Personnel

Following is a breakdown of the assigned responsibilities:

The Executive Director

▪ Will offer advice on running the company day-to-day and help with breeding when

needed.

▪ Support the development of a functional sales and marketing infrastructure and

share your expertise in the field of finance.

▪ Make the office a pleasant place to be

Operations Manager

▪ You'll be responsible for managing the day-to-day operations of the

company, making sure everything runs smoothly, keeping records,

scheduling meetings with clients, and preparing reports for the managing
director.

Customer Service officers

▪ Maintain positive connections with our clientele through: market analysis providing
 timely responses to customer questions and comments.

Mechanic

▪ Maintain and fix all machinery on a regular basis.

▪ All new machinery is put together on demand.

Financing

Financing Strategy

For initial funding, we need the following:

Please find attached an estimate of the sum needed to launch our company. Items

like packaging, transporting equipment, initial travel costs, and equipment costs are

included. Our monthly cash flow forecast accounts for these outlays to highlight the

ongoing monetary demands.

We have funded the establishment of our company primarily through personal

savings and proceeds from sales. We also plan to approach the Zambian government's

National Youth Empowerment Unit for funding.

Business Organization

It is our intention to incorporate the company as it expands. To that end, we plan

 to expand Fred and Partners into one of Zambia's largest national firms with a foothold in

every significant industry. To provide the most reliable wheelbarrow rental service in

Zambia.

Business License and Permits

The following outlines our due diligence processes for acquiring licenses, permits,
and trade names:

Doing Business As: Our official business name is Fred and

Partners.

Site Selection: For the initial launch of the project, we have

settled on renting a storefront in the heart of Soweto market. Our

headquarters will be in the heart of Lusaka's bustling city market.

All required authorizations from relevant authorities will be

obtained. The following are examples of required permits:

Proof of registration with the Zambia Revenue Authority; a

certificate from the Zambia Development Agency; registration with

the Lusaka City Council; proof of membership in a fire department;

registration with the Zambia Revenue Authority

Insurance

To better manage or divide the risk, we want to insure each and every wheel barrow
 with a third-party insurance firm.

Communi

cation Computer and communication tools

With the use of modern computing and communication technologies, we hope to

level the playing field with our larger competitors. We'll need a variety of channels of

contact with our customers. There will be less friction in the business process, and the

number of customers and clients served will grow.

Resource Requirement

For the first six months of the initiative, we will be based out of a rented building

near the Soweto market in Lusaka. We hope to expand by opening a retail shop in the

heart of the city and constructing or acquiring a warehouse of our own in the near future.
 Location criteria:

• Need for more space?

• Future necessities

• Because of its strategic location, the distribution and retail industries can flourish
here..

Accounting and Cash Flow

Accounting

Assisting with accounting tasks, a specialist will be employed.

Method of Accounting:

Business records: We agree to keep FRED AND PARTNERS General Dealer's

business records and files completely separate from our own.

Tax issues: It has been decided to hire a consultant on a part-time basis to assist with

investigating and resolving concerns with the accounting books and the timely filing of

estimated Value Added Tax, Provision, and Income Tax.

Bank account reconciliation -Monthly bank account reconciliations will be

performed.

Financial Plan

To get the ball rolling on the marketing strategy (brochures, logo design, and

Komboni radio broadcast), we need to borrow ZMW 70,000 from an outside source or

financial institution right now. This money will also go toward buying the first batch

of 100 wheel barrows. Within two years, the majority of these fresh funds will be

repaid thanks to the expanding cash flow of the business.

Break Even Analysis

 If a wheel barrow is rented out by FRED AND PARTNERS for six days a week,

then the company will earn ZMW 15 per wheel barrow, each day. The profits generated

will be applied to the company's fixed expenses. The Break-even Analysis shows that we

just need 60% of new hires to stay for 60-90 days to turn a profit.

• Advertising: The city market and the area around Soweto market will be the

primary locations where these pamphlets and posters are displayed and
disseminated. The entire price of creating a logo for the booklet and poster is
ZMW 500.

• Depreciation: The wheel barrows will indeed be depreciated using the straight-

line technique over a three-year time period.

• Warehouse Rental: ZMW 1,500 per month for a Soweto market warehouse.

• Oil Changes and Repairs: An oil change every four (4) months will set you

back around ZMW500.

• Wage and benefit expenses shall be kept below ZMW 3,000 per month.

• Postage, office supplies, and other "miscellaneous" expenses are budgeted at

ZMW 300 per month.

Conclusion
The general dealer FRED AND PARTNERS is confident that if this venture is

given funding, it will be successful and generate profits within the first year.
 Reference

Central Statistical Office [CSO] (2019). Population and Housing Census. Central States,

Lusaka.

Making project proposal (2017). Retrieved

from https://www.slideshare.net/rhonrhonz/making-project-proposal (Links to an

external site.)Links to an external site.