Hi, my name is Emil Brown and here is my project:
I want to go back in 12 months time Africa to setup a business in the finance area. The business will be doing the following:
1. Lending Money to individual who has small business (shop) or would like to start one,
2. Lending money to people working with company that will agree with my company to provide this service to theirs employees,
3. Instant Deposit account
1.1 Individual who has small business or would like to start one
• I will lend them some amount of money (variable);
• I will charge interest in percentage (variable);
• They will be paying back an agreed amount each week;
• The number of week, Day of the week, the minimum amount to pay each week, the last payment date and day will all be determined in advance;
• Customer can pay any amount greater than the minimum amount agreed even though a lesser amount will be accepted;
• If customer fail to pay in full the loan at the last date an interest will be charged each passing week and this will add the capital until the full amount is paid.
• All this will be discussed with customer before agreeing the loan.
2.1 Lending money to working people
• This loan is design for working customers;
• I must have a writing contract with the company they work saying that they agree to take money from customer's wage;
• I should have their details from the company (employee No, department, Salary etc…)
• I will charge them interest (variable)
• They will pay the capital plus interest when they get paid
• If customer does not pay at the end of the month an interest will be charged for every month until full amount paid in full;
3.1 Deposit account
• This account will open and be closed each month;
• Customer agree the amount he want to be paying into the account each day;
• At the end of the month the company will pay back the customer his deposit retaining one day's deposit as maintenance fees;
These are the mains activities of the business I am putting in place but more areas will be added in the deposit side as I will also need a Business Current Account and an Indidual Current Account.
For this project I would like a front end designed with VB.net and the database with MS SQL.
A background about myself:
I am studying IT networking and MS SQL Administration /developer. I am origin of Africa, living in London, Unemployed at the moment but doing some contract job as a desktop support Engineer when I can.
I have a big project or my Business and this project will be the back bone for a something that can grow very big. Also this project is MULTIUSER and security is very important.
I thank you for showing interest in this project.