17 February 2015

Ukraine Trading Fund - An Appeal via Crowdfunding

Not wanting to 'throw in the towel' on Ukraine, I have decided to try and help small businesses in Ukraine as much as possible.

As I am currently publishing and editing a magazine in Cyprus, I decided to outsource the printing of the magazine back to Ukraine and discovered the great cost savings to be made by doing business again in Kyiv. I have also appointed a designer and translator to do work on the magazine from their bases in Ukraine.

So, I got to thinking that many other businesses in other countries can benefit from having a trading relationship with both entrepreneurs and small companies back in Ukraine. We all know that times are very difficult and the economy is in a bad state. But there is so much talent available in Ukraine and so many small businesses eagerly looking for new opportunities. Gone are the days of 'advanced payments' and this has really upset the apple cart as customers are afraid to provide advance payments for fear of loosing out and suppliers are reluctant to provide products/services because they fear non-payment. Plus who knows how the banks will perform. Add to that the fear of Marshall Law being declared and we begin to understand why small businesses are living in fear of survival.

Therefore, I'm about to launch the UKRAINE TRADING FUND, with an appeal for funding via crowd funding methods. The fund will act as a bridge between customer and supplier. As follows:

1. The Ukraine Trading Fund helps small businesses to find foreign customers.
2. Supplier & Customer agree prices and terms. (Via the Fund)
3. Ukraine Trading Fund provides a guarantee to the supplier.
4. Supplier produces the goods/services
5. Customer completes payment to Ukraine Trading Fund
6. Ukraine Trading Fund completes payment to Supplier.

This will be a FREE service, provided we can attract the seed funding for one year.
The FUND will act as a buffer/risk fund just in case one of the parties in the planned business deals fails to deliver. But with careful planning the fund should remain in place.

Further details available via the BBCU website.

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