70.71 Investments is a private limited company registered in Kenya and is a part of 70.71 Group an investment synergy focusing on emerging markets with offices and affiliate partners in Europe, Africa, America, & Asia.
70.71 Investments as a company main business is holding securities of companies listed in the African stock markets to capitalize on the incredible performance over the recent years. The company will also diversify into other investment vehicles that will provide handsome return on investment (ROI) to our shareholders.
We also focus on investment, incubate and mentor new start-ups, small medium size companies, to date we are predominately active in Kenya with other jurisdictions to follow once we have adequate due diligence. To realize the visions of those in the mircro enterprise sector 70.71 investments also offers micro venture capital financing. Our reasons for focusing on Kenya are mainly due to three factors:
For every great company is an entrepreneur with a brilliant idea, just look at Virgin Group. Getting your idea off the ground is the most difficult bit with alot of time, resources and capital required.
The process of raising seed capital can and is the most difficult and frustrating time because we have been there. The thing is the capital injection can also come at a high premium for the founders where the are faced with dilution of their original shares.
70.71 Investments wants to do away with these issues, concerns and help you get up and running, we are also specific/particular on the opportunities or sectors we focus on. We would provide you with a loan early on before a Series A round of equity financing with the provision that the debt is convertible to shareholding later on down the line. We also request the option to also participate equally in the with others in Series A.
The the loan interest would be usually inline with local rates that are offered by micro finance companies that a comparatively more competitive than banks and building societies.
Micro venture capital is also one of the approaches adopted in Islamic economics as a substitute for interest-bearing loans, or riba, prohibited by the Qur'an. You find that generally in developing economies micro enterprise attracts start-ups and this is what attracts people into micro enterprise. We awant to help you achieve this hope for better income, preference for self-employment and background in business. You have a good a idea of what you want to do and human capital, but your own savings are not enough to get you to the next level. 70.71 Investments can assist with the resources that social entrepreneurs lack namely education, business experience, expertise, and capital enabling you to achieve a dream quality of life and living.
In Latin America, micro venture capital is growing as a field as development professionals and investors realize the importance of helping entrepreneurs start formal economy companies. One of the first micro venture capital funds is sponsored by Agora Partnerships, a not-for-profit organization, and invests $25,000 to $250,000 in early stage socially responsible companies in Central America
Today micro enterprise contributes to many African economies GDP's that ranges from about 15% to as high as 70% through its diversification of goods and services . With a significant proportion of households earning some or all of their income from micro enterprise and small business. But their is an opportunity to learn, grow and inevitably compete in your markets.
In summary Micro venture capital 70.71 Investments can help you with the following