Belau Community Credit Union - Business Plan
Belau Community Credit Union
10023 Kelbid Road
Koror State, Palau (PW) 96940
(680) 488-8911
Belau Community Credit Union is a not-for-profit organization. It was created to serve its members who reside in the Republic of Palau. It will start lending personal loans or micro loans while waiting for adoption of Palau Credit Union Act. Other products will follow, such as personal and business deposit products, in the future. The credit union will bridge the financial gap that local banks have left wide open and underserved.
Initial funding request is for $13,000.00 from the twenty-six incorporators. The capital contribution is from their purchase of fifty shares of BCCU common stock at ten dollars per share. The funds will be used to cover start up cost of office space rental, computer purchase (Laptop), office supplies, advertising and marketing (flyers, newspaper ads, and TV ads). In addition, it will be used for loan programs.
This business plan is the property of Delkuu Management Company and BCCU. Any reproduction, divulgence or intent to disclose its content without their written legal consent is strictly prohibited.
Please note that the plan’s content has been modified slightly by eliminating unnecessary details in order to convey a succinct message.
Table of Contents
1.0 Executive Summary 4
1.1 Objectives 7
1.2 Mission 7
2.0 Organizational Summary 8
2.1 Legal Entity 8
2.2 Start –Up Summary 9
3.0 Products 9
4.0 Market Analysis Summary 14
4.1 Market Segmentation 14
4.2 Target Market Segmentation Strategy 15
4.3 Service Providers Analysis 16
4.3.1 Alternate and Usage Patterns 16
5.0 Strategy and Implementation Summary 17
5.1 Competitive Edge 17
5.2 Fundraising Strategy & Forecast 18
5.3 Milestones 19
6.0 Management Summary 19
6.1 Founders Plan 20
7.0 Financial Statements, Reports, &
10023 Kelbid Road
Koror State, Palau (PW) 96940
(680) 488-8911
Belau Community Credit Union is a not-for-profit organization. It was created to serve its members who reside in the Republic of Palau. It will start lending personal loans or micro loans while waiting for adoption of Palau Credit Union Act. Other products will follow, such as personal and business deposit products, in the future. The credit union will bridge the financial gap that local banks have left wide open and underserved.
Initial funding request is for $13,000.00 from the twenty-six incorporators. The capital contribution is from their purchase of fifty shares of BCCU common stock at ten dollars per share. The funds will be used to cover start up cost of office space rental, computer purchase (Laptop), office supplies, advertising and marketing (flyers, newspaper ads, and TV ads). In addition, it will be used for loan programs.
This business plan is the property of Delkuu Management Company and BCCU. Any reproduction, divulgence or intent to disclose its content without their written legal consent is strictly prohibited.
Please note that the plan’s content has been modified slightly by eliminating unnecessary details in order to convey a succinct message.
Table of Contents
1.0 Executive Summary 4
1.1 Objectives 7
1.2 Mission 7
2.0 Organizational Summary 8
2.1 Legal Entity 8
2.2 Start –Up Summary 9
3.0 Products 9
4.0 Market Analysis Summary 14
4.1 Market Segmentation 14
4.2 Target Market Segmentation Strategy 15
4.3 Service Providers Analysis 16
4.3.1 Alternate and Usage Patterns 16
5.0 Strategy and Implementation Summary 17
5.1 Competitive Edge 17
5.2 Fundraising Strategy & Forecast 18
5.3 Milestones 19
6.0 Management Summary 19
6.1 Founders Plan 20
7.0 Financial Statements, Reports, &
References: ByLaws. (2012). By Laws BCCU. Koror: Registrars Office. Census, P. (2013). Palau Census. Ngerulmud: Office of Statistics - ROP. CUA. (2013). Credit Union Act -Draft. Koror: Oceanic Confederation of Credit Union Leaques. Financials. (2014). BCCU Financials. Koror: BCCU. Incorporation. (2012). BCCU Articles of Incorporation. Koror: Registrars Office. Officers. (2012). BCCU First Incorporators Meeting. Koror: BCCU. Officers. (2013). BCCU Second Incorporators Meeting. Koror: BCCU. Plan. (2012). BCCU- Business Plan. Koror: Delkuu Management Company. Policy. (2012). BCCU Credit Loan Policy. Koror: Delkuu Management Company. Practicum. (1987). Francis Remengesau Practicum Report. Koror: ROP Department of Economics. PSB. (2013). Total Quality Management . Los Angeles: Studymode. Remengesau, F. (2014). Economics for Managers - Belau Community Credit Union. Los Angeles: Studymode. Sebastian, D. (2010). The Financial and Economic Crisis of 2008 - 2009 and Developing Countries. NewYork and Geneva: United Nations. Snapshots. (2014). Company Snapshots. Koror: BCCU. Treasurer. (2013). Annual General Membership Meeting. Koror: BCCU. Treasurer. (2014). Annual General Membership Meeting. Koror: BCCU. TTPI. (1970). Trust Territory Code - Release No. 9-74. Koror: TTPI/Registrars Office.