MEVIMEVIAN INVESTMENT LTD - Architecture & Capabilities

About MIL

Our Story

MIL began operations in purchase order financing and Marine/Oil and Gas merchandise in January 2014. Officially registered with Corporate Affairs Commission (CAC) in October 2020 and commenced business as an entity in February 2021.

Formed by professionals with extensive experience in PO financing and Marine/Oil and Gas merchandise.

Our Mission

To support the growth of SMEs by providing fast, reliable, and dependable purchase order financing, and by delivering high-quality oil and marine supplies with professionalism and integrity, enabling our clients to operate with confidence and efficiency.

Our Vision

To be a globally recognized leader in SME purchase order financing, renowned for uncompromising standards, exceptional responsiveness, and empowering businesses within our targeted niche, while setting the benchmark for reliability and influence in PO funding and the oil and marine supply sector.

M - Motivation

Driving continuous improvement

I - Ideals

Upholding integrity and professionalism

L - Loyalty

Building lasting relationships with stakeholders

Business Architecture & Workflows

1 Purchase Order Workflow

1 Client Enquiry & Pre-Qualification

Objective: Determine if the client and transaction are fundable.

Client submits enquiry (website/app/form)
Collect: Company name, RC number, Nature of business, Buyer's name, PO amount, Delivery timeline
Initial checks: PO genuineness, Client execution capacity

2 Document Collection

Objective: Gather documents to verify authenticity.

✓ Purchase Order (PO)
✓ Buyer's vendor registration
✓ Proforma invoice from supplier
✓ Client's CAC documents
✓ Identification of directors
✓ Previous executed jobs

3 Verification & Due Diligence

Objective: Confirm all parties & documents are legitimate.

Verify PO with issuing buyer
Confirm buyer's payment history & creditworthiness
Validate supplier capacity and pricing
Check if PO is already funded
Review client's bank statements
Check risk exposure vs funding amount

Outcome: Approve or decline the PO for funding

4 Costing & Funding Assessment

Objective: Determine how much support the client needs.

Prepare Funding Structure Sheet showing amount needed, disbursement plan, and repayment timeline.

Tenure	Fee
30 days	15%
35 days	18%
45 days	20%
60 days	25%
90 days	35%

5 Offer Letter & Agreement

Objective: Legally bind the funding arrangement.

Offer letter: Funding amount, Fees, Repayment structure, Tenure
Legal agreements: PO Funding Agreement
Security documents: Personal guarantee, Letter of undertaking
Client reviews and signs all documents

6 Repayment & Settlement

Objective: Recover funds from clients.

Principal (funded amount)
Funding fee (interest/markup)
Logistics or administrative costs
Issue Statement of Account and Fund Utilization Report

7 Post-Transaction Reporting

Objective: Maintain compliance, records, and transparency.

Project summary
Profit analysis
Client performance score
Risk analysis for future funding

Builds internal credit scoring for future PO clients

8 Repeat Cycle & Client Relationship Management

Objective: Improve trust and enable faster funding.

Maintain client history
Prioritize consistent customers with good repayment records
Increase limits based on performance

2 Modern Thrift Workflow

1 Customer Onboarding

Customer signs up (mobile app / WhatsApp / form)
Capture KYC: Full Name, Phone, ID (NIN/Voter's Card), Address, Next of kin
Customer selects thrift type: Daily / Weekly / Monthly contribution
System creates customer profile

2 Contribution Setup

Customer chooses contribution amount
Define cycle length (30 days / 6 months / 1 year)
Customer selects payment method: Bank transfer, USSD, Cash to agent
System schedules reminders

3 Collection Phase

If Using Agents:

Agent visits customers (or receives funds)
Agent records payment on mobile app
System updates customer balance instantly

If Fully Digital:

Customer pays via bank/app
System receives alert via API
Customer wallet automatically updates

Preference: Both options available

4 Verification & Reconciliation

All payments checked daily
Automated reconciliation: Expected vs Actual vs Missing payments
System flags: Late payers, Incorrect deposits, Suspicious transactions

5 Thrift Withdrawal

Customer requests withdrawal
System checks: Eligibility, Account balance, Contribution completeness
Approve request → Transfer funds
System updates customer wallet

                                    Commission: Daily fee: ₦100

                                    30 days: ₦100 × 30 = ₦3,000/month

6 Reporting & Insights

Daily Reports:

Total collections
Pending payouts
Agent performance
Default rates

Monthly Reports:

Customer growth
Profitability
Cycle completion rates

7 Risk & Compliance

Ensure all customers have valid KYC
Use automated alerts for unusual patterns
Secure data storage with audit logs

3 Investment Workflow

1 Investor Screening & Qualification

Verify investor type:

Individual or institutional
Risk tolerance
Investment amount
Expected duration
Confirm understanding that PO funding is short-term financing

2 Investment Proposal

Formal proposal includes:

Minimum investment amount
Duration (e.g., 30–90 days per cycle)
ROI (fixed or percentage per cycle)
Security / collateral structure
Repayment method and timeline

3 Due Diligence (Both Sides)

Verify the investor:

Source of funds declaration
KYC documents (ID, address, BVN if local)
Investor agreement acceptance

4 Investment Agreement Signing

Both parties sign:

Investment contract
Terms & conditions
Profit-sharing or interest rate terms
Risk disclosure statement

Provide investor with: Unique investor ID, Official receipt

5 Investor Funds Transfer

Investor sends funds to official business account
Issue payment confirmation

6 Investor ROI Payout

Pay investor: Capital + agreed ROI
Issue payment receipt

                                    Investor Options:
                                    Re-invest in another cycle
Withdraw fully
Increase their capital

                                

7 Reporting & Relationship Management

Provide investors with:

Quarterly or monthly performance reports
Summaries of completed PO cycles
Opportunities for bigger investment rounds