Felix Mbata
In an exclusive interview with ‘The Unique Model’ magazine, Apostle Daniel Chukwunonye, Chairman of Daniel Investment Limited and founder of Project Funding International, shared his insights on the organization’s mission, vision, and objectives.
Could you introduce yourself to our readers?
“My name is Apostle Daniel Chukwunonye, and I am from Imo State, specifically from Uguata. I am the chairman of Daniel Investment Limited, a Nigerian company that owns Project Funding International. Our organization is dedicated to providing financial empowerment to individuals and businesses, enabling them to make lifetime investments that yield profitable returns.”
What inspired you to establish Project Funding?
“My experience as a missionary apostle, traveling to various locations and witnessing firsthand the struggles of people and churches due to financial constraints, inspired me to establish Project Funding. I discovered that many talented individuals and churches lacked the necessary resources to actualize their visions and missions. This realization prompted me to seek divine guidance, and the vision of Project Funding was born.”
Is Project Funding a registered organization?
“Project Funding is not an organization per se, but rather a business owned by Daniel Investment Limited, a registered company with the Corporate Affairs Commission of Nigeria.”
What are the criteria for funding projects?
“To access funding, individuals or businesses must become members of Project Funding by registering and paying a nominal fee. Members are required to pay daily dues, which can be paid in advance for the month. Once a member, they can submit a proposal outlining their funding requirements, which will be reviewed and processed accordingly.”
Are there provisions for collateral and guarantors?
“While we do not require collateral, we do mandate that members provide a guarantor. In the event of default, we will reach out to the guarantor to ensure that the member complies with the terms and conditions of the funding agreement.”
What plans do you have with the United Market Leaders/Traders Association of Nigeria?
“We have already commenced working with the United Market Leaders/Traders Association of Nigeria, with the aim of empowering their members with funding to enhance their businesses and improve their economic well-being.”
What challenges have you faced?
“Our primary challenge has been the occasional delay in the disbursement of funds due to logistical issues. However, we have implemented measures to normalize our operations and ensure timely funding.”
Is your funding strictly for businesses or can individuals with other projects also access funding?
“Our funding is not limited to businesses alone. We also provide funding for individuals seeking to develop their skills and talents, as well as those requiring financial assistance for academic pursuits or other projects.”
How does Project Funding differ from traditional banking institutions?
“Unlike traditional banking institutions, Project Funding does not offer loans with interest. Instead, we provide funding as a right to our members, who have registered and paid their dues. This funding is not refundable and is intended to support our members in achieving their goals and aspirations.”
What is the registration fee, and how much do members pay in dues?
“Our registration fee is currently Five Thousand Naira (N5,000.00). Members pay a daily due of Two Hundred Naira (N200.00), which can be paid in advance for the month. The monthly due is Five Thousand Two Hundred Naira (N5,200.00).”
Is there a period when payment of dues can be stopped?
“Membership dues are paid consistently, with no provision for stopping payments.”