This investment pool aims to fund the purchase of 5 Toyota Corolla vehicles to be used as taxis in Freetown, Sierra Leone. The taxis will operate in high-traffic areas of the city, providing reliable transportation services to locals and tourists.

Business Model

Each taxi will be operated by a vetted, experienced driver who will pay a daily fee to the pool. The drivers keep all fares collected during their shift, creating an incentive for them to maximize their earnings.

Revenue Breakdown

• Each taxi generates approximately $30-40 per day in fees
• Monthly revenue per taxi: ~$900-1,200
• Monthly expenses (maintenance, fuel contribution, insurance): ~$400 per taxi
• Net monthly profit per taxi: ~$500-800

Risk Mitigation

All vehicles will be insured against theft and damage. Regular maintenance will be scheduled to ensure longevity of the assets. Drivers will be thoroughly vetted and will sign contracts with security deposits.

Management

A local manager will oversee the fleet, handle driver relations, and ensure proper maintenance of the vehicles. The manager will receive 10% of profits as compensation.