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    Term Project - Merged

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    Kamran Rauf
    The document outlines a term project for an entrepreneurship class. It describes starting a company called ECIB Limited that would provide individuals access to their credit bureau records and financial management tools. Currently, only banks can access credit reports. The proposed solution is an online portal integrated with the central bank where users can view their credit data. The project describes the product, customers, market, resources, expenses, revenue, team, funding, sales and promotion plans over three stages of development.

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    Term Project - Merged

    Uploaded by

    Kamran Rauf
    26 views10 pages
    The document outlines a term project for an entrepreneurship class. It describes starting a company called ECIB Limited that would provide individuals access to their credit bureau records and financial management tools. Currently, only banks can access credit reports. The proposed solution is an online portal integrated with the central bank where users can view their credit data. The project describes the product, customers, market, resources, expenses, revenue, team, funding, sales and promotion plans over three stages of development.

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    The document outlines a term project for an entrepreneurship class. It describes starting a company called ECIB Limited that would provide individuals access to their credit bureau records and financial management tools. Currently, only banks can access credit reports. The proposed solution is an online portal integrated with the central bank where users can view their credit data. The project describes the product, customers, market, resources, expenses, revenue, team, funding, sales and promotion plans over three stages of development.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    26 views10 pages

    Term Project - Merged

    Uploaded by

    Kamran Rauf
    The document outlines a term project for an entrepreneurship class. It describes starting a company called ECIB Limited that would provide individuals access to their credit bureau records and financial management tools. Currently, only banks can access credit reports. The proposed solution is an online portal integrated with the central bank where users can view their credit data. The project describes the product, customers, market, resources, expenses, revenue, team, funding, sales and promotion plans over three stages of development.

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    TERM PROJECT

    Entrepreneurship

    Teacher: Farukh Shezad


    Salim Habib University

    Muhammad Majid Ali Gondal & Aamir Ali Khan


    Table of Content
     Introduction

     Executive Summery

     Vision

     Mission

     Objectives
    Introduction

     ECIB Limited is Pakistan’s premier credit bureau organization


    founded in 2022. We work with Pakistan’s major financial
    institutions by facilitating them with credit information to screen
    and monitor borrowers. Our core strength lies in generating credit
    reports maintaining analytical tools that assist borrowers in
    monitoring their loan portfolios.

     ECIB Limited was started for individuals and Corporations. As we


    gained the trust and respect of Pakistan’s financial market, we
    expanded our portfolio to consultancy services with the assistance
    from the commercial banks and later we introduced Loan top-ups
    for existing client portfolio.
    Executive Summery

    We live in times where our expenditures have surpassed our


    incomes so in order to cater our needs we tend to rely on credit
    products but as much as it’s a convenience to have such a resource
    in our pocket, sometimes it becomes hard to manage our financials
    and there’s no easy way for people to keep track of their records.
    The problem that exists is that people don’t have access to their
    own credit Bureau records so they’re unable to manage their
    financials properly. The only existing solution we have right now is
    that one can only go to a commercial bank and login application for
    some credit product then banks will let them know whether they
    are eligible or not for financial products such as, Credit card,
    Personal Loan, Home Finance and Auto Finance etc. but still the
    applicant cannot access their ECIB (Electronic Credit Information
    Bureau) to see their records, so there is no actual solution available
    right now. What we’re introducing is a platform where anyone can
    just login by putting their credentials on our portal which is
    integrated in real-time with the State Bank system, which allows us
    to fetch customers ECIB within a few minutes and present it to
    them in a user friendly manner so they can just look at their credit
    data without any hassle whatsoever.
    Vision

    “To earn the respect of our clients as the premium service


    provider of credit information solutions”

    Mission

    To provide cost-effective credit risk solutions in an ethical and


    professional manner with a focus on creating value, ensuring
    the company's ability to serve its clients for years to come.

    Objectives

     Information accuracy and data integrity and protection


     Moral and ethical data-handling standards
     Customer-oriented service
     Good corporate culture, governance and practices
     A stable work environment for our employees and an
    opportunity for growth.
    Entrepreneurship
    Assignment

     Problem.
     Existing Solution.
     Our Solution.

    1. Problem: The problem that exists is that people don’t have access
    to their own credit Bureau records so they’re unable to manage
    their financials properly.

    2. Existing Solution: The only existing solution we have right now is


    that one can only go to a commercial bank and login application
    for some credit product then banks will let them know whether
    they are eligible or not for financial products such as, Credit card,
    Personal Loan, Home Finance and Auto Finance etc. but still the
    applicant cannot access their ECIB (Electronic Credit Information
    Bureau) to see their records, so there is no actual solution
    available right now.

    3. Our Solution: What we’re introducing is a platform where anyone


    can just login by putting their credentials on our portal which is
    integrated in real-time with the State Bank system, which allows us
    to fetch customers ECIB within a few minutes and present it to
    them in a user friendly manner so they can just look at their credit
    data without any hassle whatsoever.
    Stage One:
     Product.
     Customer.
     Market.
     Vehicle.

    1. Product: ECIB (Electronic Credit Information Bureau).

    2. Customer: We have three categories of customers:


    a) Salaried Individuals
    b) Business Personnel
    c) ME (Small Medium Enterprises)

    3. Market:
    a) TAM: Corporation and Individuals ready to avail credit
    products.
    b) SAM: Mainly corporation and Individuals of largely populated
    cities i.e. Karachi, Lahore, Islamabad etc.
    c) SOM: Bank customers with history of availing financial
    products.

    4. Vehicle:
    a) Web Portal.
    b) Mobile Application.
    Stage Two:
     Resources.
     Expenses.
     Revenue.

    1. Resources:
    a) Intellectual resources.
    b) Human resources.
    c) Digital resources.

    2. Expenses:
    a) Company Registration
    b) State Bank Licensing Fee
    c) Web Portal/Application
    d) Advertisement
    e) Salaries

    3. Revenue:
    a) ECIB providing charges.
    b) Bank Promotions and Advertisements.
    c) Providing Financial consultancy

    Stage Three:
     Team
     Funding
     Sales
     Promotion
    1. Team:
    a) Core Management
    b) Developers
    c) Legal Advisors

    2. Funding:
    (Bootstrapping)
    a) Self
    b) Family Support
    c) Small Borrowings

    3. Sales:
    a) ECIB Services (covering 75% of the total sales) up to PKR 7.5
    million in First two years.
    b) Consultancy Services to local customer (15% of the total sales)
    up to PKR 1.5million.
    c) Loan Top-Ups (10% of the total sales) up to PKR 1million.

    4. Promotions:
    a) Targeted Social Media Campaigns
    b) Adds in Corporate Newsletters
    c) Brochures
    d) Print Media Advertisement (Dawn News)

    Action
    …….…………………………..

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