Case Studies

Start Up Loan helps company’s work in emerging and developing countries

by prg | Category | May 20, 2014

Successful Kent start up loans recipient Epven

A fledgling enterprise based in South East England is making its mark in developing countries around the globe thanks to the Start Up Loans scheme.

Epven was set up 18 months ago to create and support commercially-viable projects of social benefit to emerging economies, with particular focus in East Africa, Central America and South East Asia.

Although based in Sevenoaks in Kent, the business – founded by Managing Director Tim Chambers and Partners Michele Bruni, Rebecca Fries and Norman Sarria – also has offices in London, Italy, Mexico, the US and Nicaragua.

The operation is split into three distinct areas with:

Epven as the management consultancy arm working with multi-national food companies, investors and non-governmental organisations at an international level.

Value for Women Ltd is the firm’s social enterprise aimed at helping women get involved in business.

The third branch of the business is !nspiraFarms, which is running a pilot project of small scale agriculture processing centres to help African farmers add value to their produce.

It is thanks in part to a £8,000 Government-funded Start-Up Loan that !nspiraFarms has been able to undertake research and development into new technologies for this pilot, which is expected to lead to direct sales in the future. The loan has also allowed Epven more flexibility with cash flow.

The Start-Up Loan Scheme gives low-cost funding and mentoring support to entrepreneurs with a viable business proposition and is open to those aged 18 and over. It gives a helping hand to newly-formed businesses by offering loans of around £7,500 with flexible payback terms, dedicated mentoring and a host of other business benefits. The Start-Up Loan Scheme is run across South East England by the Let’s Do Business Group.

Tim says the terms of the Start-Up Loan were hugely beneficial to his young company compared to those offered by a high street bank, and has helped support the expansion of his core team to nine people.

“The Start-Up Loan had less restrictions than loans from commercial banks and the affordability of it was great giving us additional flexibility in our cash flow,” he said.

Keir Dellar, Head of Projects at the Let’s Do Business Group, said: “We were impressed with the business plan put forward by Tim Chambers on Epven and were pleased to offer financial support through the Start-Up Loan Scheme.”

For more information on the Start-Up Loan Scheme click here, call the Start-Up Loans team on 0844 943 2988 or email loans@ldbgroup.co.uk for an information pack.

For further details about Epven visit www.epven.com or email info@epven.com or phone 07738 684 012.

 

Address

  • Address: Let's Do Business Group
    8th Floor,
    Ocean House,
    87-89 London Road,
    St Leonards-on-Sea,
    East Sussex. TN37 6LW
  • Email: loans@ldbgroup.co.uk
  • Telephone: 0844 943 2988 (Calls cost 5p per minute plus your phone company’s access charge. If your mobile tariff allows free calls to landlines, you can call 01424 205 500.)

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