OSHIPE DEVELOPMENT FUND (PTY) LTD is a wholly owned subsidiary of NAMDEB DIAMOND CORPORATION (PTY) LTD which aims to promote entrepreneurship and SME development through investment in commercially viable business ventures in Namibia.

MISSION OSHIPE promotes and facilitates the sustainable business development and growth of SMEs, preferably owned partly or wholly by previously disadvantaged Namibians, through the provision of financial assistance and professional business support. BUSINESS/PROJECT EVALUATION CRITERIA The commercial viability of the business forms the basis of OSHIPE’s investment evaluation criteria.  In addition, the following aspects are considered: * Technical viability * Marketability & growth potential * Risk assessment & mitigating actions * Financial data (historical and projected financials) * Short profile of entrepreneur/promoter illustrating experience & ability * Proof of Namibian citizenship – partly or wholly owned by a Namibian * Entrepreneurial funds/own contribution towards the business * Empowerment / BEE Preference will be given to businesses which have the potential to be included in NAMDEB’s supply chain. ASSISTANCE CRITERIA Target investments are between N$ 500,000 and N$ 1,000,000 How we provide funding * Investments are made through customised funding structures, consisting of a combination of equity investment and a loan * OSHIPE’s shareholding in a company will be between 26% to 49%, as per mutual agreement between OSHIPE and the owners/promoters of the business * OSHIPE will be represented on the Company’s Board while it has an investment in the company * Loans are repayable over 3-5 years, at prime-linked, market related interest rates What we expect of the owner/promoter * OSHIPE requires 25% own contribution by the owner/promoter to the business capital requirement * At least one promoter should be involved on a fulltime basis in the business/project * The promoter(s) should give consent to a credit check * The promoters should accept all the conditions as outlined in the legal documents (shareholders and loan agreements) by the signage thereof Exit Strategy * OSHIPE will end its involvement in the business when the business is self-sustainable, adequate skills transfer has taken place and managers have proven that they are capable of managing the business on their own * However, OSHIPE reserves the right to exit at any time it deems appropriate * Ideally, OSHIPE will exit the business within 5 years * At the time of exit, OSHIPE will offer its shares to the current business owners at fair value.  Alternatively, other options may be pursued Indemnity * OSHIPE provides no guarantee for the funds invested in the promoter’s business by strategic partners or other parties * OSHIPE reserves the right to decline business proposals / applications without providing reasons SCOPE OF INVOLVEMENT & EXCLUSION CRITERIA OSHIPE considers registered business opportunities (start-up and/or existing) from all industries except the following: 5.1 Low Entry Barrier Industries (including but not limited to the following): * Transport – Taxi’s & Mini busses * General dealers/supermarkets  * Factory agents  * Home-based businesses (clothing manufacturing, shoe repair, etc.) * Cell phone outlets * Filling stations  5.2 “Sin” Industries (including but not limited to the following): * Businesses where the primary income is generated through alcohol sales * Gambling houses * Tobacco ventures * Child labour driven businesses (sweat shops) * Adult shops/ventures  * Illegal businesses   5.3 Community Projects (including but not limited to the following) * Churches and / or religious institutions / or political parties * Educational institutions * Charity businesses * Conservation & Environmental projects Social clubs * Any Non-profit or Section 21 company 5.4 Businesses with a potential conflict of interest * OSHIPE does not consider applications of employees and their direct family (NAMDEB Group & Partners), except where the employee intends to resign from the Company to start his/her own business * Assistance is also not considered to businesses where a NAMDEB Group & Partners’ employee or direct family holds shares or member interest OSHIPE GUIDELINES TO BUSINESS PLAN LAYOUT * Executive Summary    - Main selling points of the BP    - Capture essential elements of the BP    - No longer than 2 pages (double spaced) * Business Overview    - Business Profile    - Product / service    - Location, premises and production facilities    - Production process & technologies * Company Management    - Entrepreneurs / Owners – include a short profile on the owner/s/promoters illustrating what skills, expertise and knowledge they bring to the business     - Management Structure & Personnel Plan    - Franchise Agreement (where relevant) * Market Analysis    - Industry analysis    - Market Research       ^ Market size & Trends       ^ Customers & Target Market       ^ Competitors       ^ Market Share & Sales Projections * Marketing Plan    - Overall Marketing Strategy    - Product / Service    - Pricing    - Sales Tactics    - Warranty Policy    - Advertising & Promotion    - Distribution * Operational Plan    - Form of business    - Technical Detail * Financial Plan    - Breakdown of financial assistance required    - Risk factors & Mitigating Strategies    - Breakdown of Own Contribution    - 3 years Projected Cash Flow Statements    - 3 years Projected Income Statements    - 3 years Projected Balance Sheets    - Previous Financial Statements    - Breakeven Analysis    - Other Financial calculations    - Other institutions approached for financial assistance * Legal Considerations    - Labour Laws    - Employment Equity    - Environmental legislative concerns    - Registration documents * Insurance Requirements    - Long term Insurance    - Short term Insurance      BUSINESS PLAN SUBMISSION CHECKLIST: Following required from promoters: * Covering letter stating nature and intent of business, type of industry, amount requested and intended purpose of finance requested * Complete Business Plan (see OSHIPE Guidelines to Business Plan Layout) * Company Registration Documents  * SME registration of Ministry of Trade and Industry (where relevant) * Tax registration (Income tax, VAT and Import Tax) * Registration with Social Security Commission * Certificates of registration with Bodies and Associations e.g. Namibia Manufacturers’ Association, Medical Board, Engineering Board etc. * Health certificate (where relevant) * Summarised profile of owners/promoters illustrating their skills, experience and background * Relevant quotations/invoices, etc. * Any other relevant supporting documentation e.g. letters of intent, declaration of interest, fixed contract orders, etc.