Short Story

JUST LAUNDRY

Just Laundry, founded by Richard & William Thubakgale, is a next day laundry delivery service. They have been operating for 2 years and in that time, they have built a team of 5 full time employees. They currently average 1500 kilograms of laundry per month and between R60k and R65k per month. Their washers & dryers are currently operating at full capacity and they have had to turn work away. This is where you come in. You can help them buy a new set of washers & dryers from as little as R100, and you will earn your share of R5 per kilo of laundry done for the next 6 years.

How It Works
  1. The total costs for the machinery is R240 000. You purchase a portion of it for R100
  2. The 2400 owners of the washers & dryers will earn R5 per kilogram of laundry done for the next 6 years. Put another way, each person will earn 0,2 cents (R0,002) per kilo of Laundry done.
  3. This will be paid out quarterly to you
  4. The entire payment process will be managed by The People’s Fund and Audited by SnB Chartered Accountants & Auditors ( Practice Number 966205)
  5. The People’s Fund will take 10% of the proceeds (or 0,02 cent per person per kilo of laundry) to administer this.
  6. You own the machinery for 6  years and then it is passed onto Just Laundry after this period. Put another way, your earnings acts as a buy back of the asset by Just Laundry.
Expected Returns

NB!! First & foremost, we need to declare that this does not constitute financial advise in anyway and that we have made our projections based on historical yields. Buying assets that will be run by a small business is risky and you should only commit money you are willing to lose.

Just Laundry has been struggling to meet demand due to the limiting factors mentioned above. Although the new capacity would allow them to double their capacity, we are modestly modeling the returns on their historical data of 1500 kilograms per month, that translates to 18 000 kilos of laundry a year, or rather R36 per year. The total return for the 6 year period is R216. Put another way, you would get 19,3% return, year on year, paid out to you quarterly(every 3 months) for the next 6 years.

Contribution / Asset Purchase Returns
Quartely Yearly % Total (6years) %
R100 R9 R36 19% R216 116%
R1 000 R90 R360 19% R2 160 116%
R10 000 R900 R3 600 19% R21 600 116%
R50 000 R4 500 R18 000 19% R108 000 116%

 

NB: There is a handling fee associated with the payment gateway you choose to use on the checkout page.

Direct Bank Transfer 0%

i-Pay Instant EFT 3%

Payfast R3 + 5%

scroll down & put in how many you would like to buy, anywhere from R100 to R50 000.

Own Just Laundry Machinery

by Malesela Thubakgale

  • R240,000.00

    Funding Goal
  • R243,200.00

    Funds Raised
  • 0

    Days to go
  • Goal and Date

    Campaign End Method
Raised Percent :
101.33%
This campaign has been invalid or not started yet.
, South Africa

Malesela Thubakgale

2 Campaigns | 0 Loved campaigns

See full bio.

Campaign Story

Name Donate Amount Date
Dipesh Jeena R2,000.00 October 24, 2018
Pauline De Wildt R1,000.00 October 23, 2018
Thulani Gumede R1,000.00 October 23, 2018
The People's Stokvel R120,029.00 October 22, 2018
Nolly Nkabinde R1,000.00 October 13, 2018
Avishkar Brijmohun R10,000.00 September 28, 2018
Shanaud Pentasaib R5,000.00 September 28, 2018
Molate Lucky Matlou R1,339.00 September 27, 2018
Boitumelo Moloto R5,000.00 September 27, 2018
Darelene Pentasaib R2,000.00 September 25, 2018
kgomotso makhubela R515.00 September 24, 2018
Nhlanhla Magubane R500.00 September 14, 2018
Mishlin Pillay R500.00 September 09, 2018
Kgadi Ella Ntsopi R1,000.00 August 29, 2018
Flona McKay R100.00 August 29, 2018
Glodine Ndhlovu R206.00 August 22, 2018
MaSetshedi Setshedi R2,678.00 August 19, 2018
Molifi Kamoi R100.00 August 14, 2018
Malesela Ledwaba R200.00 August 06, 2018
Ronald Knott-Craig R1,500.00 August 06, 2018
Joan Laine R2,000.00 August 05, 2018
Khwezi Jackson R100.00 August 02, 2018
Gaorobale Mogatle R10,000.00 July 20, 2018
Nozipho Mphahlwa R300.00 July 19, 2018
Qiniso Ndlovu R500.00 July 17, 2018
David Mongwe R2,500.00 July 16, 2018
Mawethu Bheme R502.00 July 15, 2018
Kwenza Buthelezi R2,000.00 July 07, 2018
S AND D Investments (Pty) Ltd. R1,000.00 July 02, 2018
Sibonelo Mbongwe R1,000.00 July 01, 2018
Joan Thomson R1,000.00 July 01, 2018
Refilwe Khumalo R100.00 July 01, 2018
Busi Ntshangase R1,000.00 June 30, 2018
falakhe shabangu R250.00 June 29, 2018
Mpumelelo Sihle Masemola R100.00 June 28, 2018
Lorretta Tshuka R200.00 June 27, 2018
Shan Romon R3,000.00 June 27, 2018
David Mongwe R500.00 June 26, 2018
Johannes Letsholo R100.00 June 25, 2018
The People's Stokvel R41,600.00 June 25, 2018
Thomas King R200.00 June 17, 2018
Andy Hadfield R1,000.00 June 14, 2018
Lesley Matjele R270.00 June 13, 2018
Karabo Galetlole R500.00 June 13, 2018
Thabo Maluleka R2,000.00 June 12, 2018
Helen Faulkner R500.00 June 11, 2018
Nabeela Sujee R500.00 June 10, 2018
Moeketsi Ramohlabe R1,000.00 June 10, 2018
Nosipho Mohale R300.00 June 06, 2018
Andrew Mukanyima R500.00 June 06, 2018
Jonathan Darker R500.00 June 05, 2018
Mamokgethi Sekano R1,000.00 June 05, 2018
Zevah Mntambo R1,000.00 June 04, 2018
Abel Kortje R100.00 June 04, 2018
Koketso Manaka R250.00 June 04, 2018
Matthew Behrens R500.00 June 04, 2018
Naweed Khan R1,000.00 June 02, 2018
Shalati Setshedi R1,000.00 May 25, 2018
Thembeka Mpapane R1,500.00 May 25, 2018
Bambithuba Investment R1,000.00 May 11, 2018
Lesley Matjele R200.00 May 09, 2018
BrownSense Stokvel R41,400.00 May 09, 2018
Sharon Mthetho R10,000.00 May 01, 2018
Patrick Dlamini R10,000.00 April 30, 2018
Moore Mogoboya R100.00 April 29, 2018
Sibonelo Mbongwe R1,500.00 April 16, 2018
DS Nkhumeleni R100.00 April 07, 2018
Brownsense Stokvel R52,500.00 April 05, 2018
Naweed Khan R1,000.00 March 29, 2018
Colin Tyandela R200.00 March 26, 2018
Tracy CRICHTON R1,000.00 March 23, 2018
Ayanda Sema R500.00 March 21, 2018
BrownSense Stokvel R29,700.00 March 10, 2018
Medeine Tribinevicius R1,000.00 March 06, 2018
FIona Mckay R100.00 March 05, 2018
Andisiwe Manzana R100.00 March 05, 2018
Given Baloyi R1,000.00 March 02, 2018
Refilwe Phage R200.00 February 21, 2018
Matodzi Matshidze R1,000.00 February 19, 2018
Hlobisile Vilakazi R400.00 February 07, 2018
Raesibe Mphahlele R200.00 February 07, 2018
Brownsense Stokvel R84,500.00 February 05, 2018
Barbara Strydom R500.00 February 04, 2018
Tebogo Mophosho R2,000.00 January 27, 2018
Jane Walls Hurwitz R3,000.00 January 24, 2018

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