ideas, ideas, ideas.....

[waves]

dear friends,
I want to open my own school, or publish my own magazine for children but i do not have investment.

does any one have the idea how much investment is required?
or can you tell me the pros and cons of these projects
or any organizations that can help me put up my plans in little investment?
or any other idea or information you would like to share.

[RMKamran]

Originally Posted by waves

dear friends,
I want to open my own school, or publish my own magazine for children but i do not have investment.

does any one have the idea how much investment is required?
or can you tell me the pros and cons of these projects
or any organizations that can help me put up my plans in little investment?
or any other idea or information you would like to share.

AOA,

Its very good initiative Jazak'ALLAH-Dear you can consult SMEDA (small and medium enterprises development authority) service, go to its website to get contact and details for its regional offices. This organization provides the best guidance for your business and also finances it as well with less conditions as compare to banks. (Pardon me if I'm wrong).

Best of luck and remember me in your prayers May ALLAH TALA bless you with success to fulfill your dream of opening school and publishing a magazine. Ameen sumamin.

Profound regards,
RMKamran

[waves]

Jazakallah kamran.

b) Only 8% markup per annum
e) 90% Bank Loan and 10% Equity to be contributed by the Applicant. Your contribution could be in the form of cash or immoveable property and will be required after the approval of loan
source
http://www.smeda.org/index.php?optio...=49&Itemid=307

What does these to lines mean?

[Ana]

dear friends,
I want to open my own school, or publish my own magazine for children but i do not have investment.

does any one have the idea how much investment is required?
or can you tell me the pros and cons of these projects
or any organizations that can help me put up my plans in little investment?
or any other idea or information you would like to share.

These are good IDeas . But do you have expereicne in this kind of business ? Have you ever worked in School or in publishing company ? Starting a business without prior expereince in a relevant industry is a folly in my opinion.

b) Only 8% markup per annum
e) 90% Bank Loan and 10% Equity to be contributed by the Applicant. Your contribution could be in the form of cash or immoveable property and will be required after the approval of loan
source

b) 8 % perecent markup means that you have to give 8 percent interest on your loan annually . For example if you have taken 100,000 loan then you have to 8000 annually as a loan.
e) atleast you have to bring 10 percent of investment on your own . Like if you need 100,000 to start a business , a bank can provide 90,000 but you have to invest atleast 10,000 (10 percent equity + 90 percent loan ) .

[waves]

These are good IDeas . But do you have expereicne in this kind of business ? Have you ever worked in School or in publishing company ? Starting a business without prior expereince in a relevant industry is a folly in my opinion.

yes, Alhamdullillah, i have experience but if you people can tell me of something for a master in social sciences,
which require only a single office to run, i would appreciate.

smeda provides loans on interest, muje to interest kisi be surat main support nahi karna

[tamxhah]

What are the new terms and conditions of getting a PM youth loan ? What about guarantor ?

[waves]

he/ she can be a close relative.
he/she should have 2 and half times more assets than the loan that you are demanding for example if you are applying for 100000, the gurentor should have 250000.

by the way whats your plan?

[tamxhah]

What about last date of submission of application? Is there any deadline ?

Well I would prefer starting something in Service Sector, probably consulting co, travel and ticketing agency or a cafeteria. Haven't finalized it yet.