RMB Corvest Ltd

Executive Summary
PalmAfric is a concept that places demand on services of women, living on less that 1:00CAD a day, who make black soap in rural Southwest Nigeria. The idea is to repackage locally made black soaps and sell to high end consumers in West Africa. The concept rapidly increases required black soap production by 4 to 6 times per woman against current production. We will gurantee the purchase of all the black soap production over 2 years at a fixed price. Therefore the income of selected women living on less that 1:00CAD per day increases to average 5:00CAD per day over the 2 year period. At the end we will consider renewing the agreement.
Starting with 20 women, it will immediately impact the lives of about 140 household members. There is average of 7 members per household. *Currently, estimated 60% of Nigerians live below the poverty level. Most of them are illiterate, between the ages of 25 and 54years old, the prime of their lives. *(World fact book, 2006)
The benefits of this concept outside empowering women financially are that we will be able to create scholarship funding for the post-secondary school education of eligible girl-children from rural areas. The value of our contribution will be 2% of our net profit estimated to be at least 2,000:00CAD per year. *Post secondary school graduation eliminates 20% of the probability that she and her future generation will live in poverty. It also allows us to create a profitable enterprise that accumulates 100,000:00CAD cash in Year One. * (Poverty Eradication Strategy Paper, Dec 2005)
PalmAfrica will focus on innovation, commerce and financially empowering women.
This concept can work anywhere in West Africa as long as there is palm plantations and women who make local soaps. Our core regions of interest are Nigeria, Ghana and Togo for soap productions. Our potential markets are West Africa, South Africa and Europe. However, our pilot project will be in Southwest Nigeria.

PalmAfric will create several kinds of cosmetics for all kinds of people in the future. However, our focus at this time is a liquid soap that is 100% organic and appeals to *17 million urbane women between the ages of 15 to 64 year old living in Nigeria.*(www.onlinenigeria.com/population)

In the first year we plan to sell 125,000 tubes of the soap. This translates to 5250 core consumers, mostly on campuses, buying 2 tubes of our soap per month. We need a supply of 25,000 kg of raw soap to meet productions. For these 20 women, this is a turnover of 40,000:00 CAD per annum, approximately 27,500:00CAD in net profit and 115:00 CAD per month from 20:00CAD for each of them.

It is my projection that we can produce and sell raw 1 million tubes of soaps per year within the next 5 years. This means requirement of 200,000 kg of raw black soap, a 220,000CAD net profit for about 160 women, enhancing the lives of more than 1000 household members. At that time, we can also increase the number of girl-children we sponsor and increase our annual cash flow to 500,000:00CAD per annum.

We are a private limited company, propose to manufacture natural essential oils from organic raw material in Bangalore, India. The cost of project is USD 4 millions. We are looking for 100% FDI/Equity/Vemture capital. We will send you our business plan with financials on hearing from you. Our project is in the 2nd round of BiD 2007 and can be viewed at www.bidnetwork.org/artefact-66354-en.html Thanking you,