Executive Summary

Milagro de Vida Maternity Health Services intends to offer a unique combination of premier maternity and obstertrics health care and community-based social services to the Midlands Province . Market research indicates that there is a significant need for easily accessible and affordable quality, maternity health care and social services within this region. We believe that by employing competent and well-educated staff and providing them with organized and responsive management, we can become the maternity health care/social service agency of choice in Zimbabwe. Milagro de Vida will be created as a Zimbabwean Limited Liability Company based in Gweru, owned by its principal investors and principal operators. The initial site of operation will be established in a Zimbabwe Medical Health Board and city council approved building in the central business district of Gweru. . Consumers of our services will be those individuals and families in need of maternity health care and/or social services. These patients are usually referred by other health care professionals such as physicians, attorneys, insurance companies and health care facilities. Our agency must be licensed by the Zimbabwe Medical Health Board and Zimbabwe Nursing Council and a NAMAS number is required for our services to be reimbursed by TN, First Mutual and other private insurance carriers. Currently, the only available maternity health service provider in the Gweru central business district is Second Street Clinic , whilst Gweru Provincial Hospital and Claybank Clinic are located outside the CBD rendering them inconvenient in terms of accessibility with the Mtapa and Mkoba Clinics found in their respective high density areas only offering out patient services hence making them inconvinient . All pricing will be set according to the Zimbabwe Medical Boardand other insurance regulation so pricing is not a major factor of consideration. Sales estimates project healthy revenues in the first year and modest increases through year three. Ideally the World Health Organization ( WHO) would be incorporated as a partnership. The enterprise will be owned by its principal operators and investors. The primary founder, Tariro Mangena is a B.Sc (honours) in Biological Sciences graduate and partnership will include Dr J. Tayi, owner and founder of Second Street Clinic as a nonmanaging partner and Mrs L. Z.. Mangena a qualified nurse and Midwife with 35 years experience as a managing partner. The company plans on taking on debt in the form of a five-year loan, and has no plans for additional debt as growth will be financed mainly through cash flow. Our plan includes assumptions of 100% sales on credit, and sufficient cash on-hand at start-up to prevent any problems with cash flow.

1.1 Objectives

120 Maternity Health Care patients served by the end of first year. 120 successful deliveries by the end of first year. Respectable gross sales by the end of first year.

1.2 Keys to Success

Professional quality of services offered Reliability -- being available through on-call, and adequate staffing Effective collaboration with other community professionals (physicians, hospitals, and other

organizations)

1.3 Mission
Our values are simple. Milagro de Vida strives to offer excellent and affordable maternity health care and communitybased social services to individuals and families in Gweru. It is our goal to employ competent, caring, and well-trained individuals who are responsive to the needs of our patients, their families, and the communities we serve. Each staff member will meet the Health Proffesions Councils educational and training requirements for the services they provide. We encourage and support continued education of each service provider. In turn, our agency will provide staff with competitive compensation, an inviting work environment, and knowledgeable, trustworthy management and direction.

Milagro de Vida Maternity Health Services will be located in the heart of the Midlands Province and will provide the following services to patients and clients from , Athlone, Southdowns, Nashville, Lundi park , Mkoba and Ascot all within a ten kilometer radius of our facilities:

Skilled Nursing Nursing Aide Social Work and counselling Maternity check ups and ultrasound scanning Obstertrics- labour and deliveries

2.1 Company Ownership

Milagro de Vida Maternity Health Services will be a limited liability company owned and operated by its principal operators and investors.

2.2 Start-up Summary

In its start-up stage, Milagro de Vida will have start-up costs and funding issues to address. The Start-Up Table, below, indicates in detail those costs which include the following:

BUSINESS DEVELOPMENT RENTAL EXPENSE MATERNITY AND NURSERY WARD EQUIPMENT OFFICE SUPPLIES NURSING SUPPLIES

The table also demonstrates Assets needed for start-up and addresses potential funding sources which are to include cash investments made by each Owner, as well as a five-year 8% loan which will be needed in order to cover start-up costs.

Start-up

Requirements

Start-up Expenses

BUSINESS DEVELOPMENT

$0

Attorney Fees - Setting Up Limited Liability Company

$875

State of Zimbabwe Health Agency License

$100

Medisoft Billing Program plus Support

$5,000

Professional Liability Insurance

$3,000

*Assuming 25% down of $12,000.00

$0

Workman's Comp Insurance Deposit

$500

Premises and Content Insurance Deposit

$300

*Assuming 25% down of $1200.00

$0

Contract Retainer with PT/OT/ST

$500

Inserted Row

$0

RENTAL EXPENSE

$0

Office Upgrades (Carpet and Paint)

$3,000

Deposit plus First

$400

*Assuming $200.00/Month

$0

Phone Set Up (Excluding Phones)

$250

Utilities Deposit

$150

Post Office Box

$26

Inserted Row

$0

OFFICE EQUIPMENT

$0

2 Computers (Fully Loaded)

$3,000

4-in-1 Printer/Fax/Copier/Scanner

$750

QuickBooks Pro

$300

Phones

$200

Pager

$50

Inserted Row

$0

OFFICE SUPPLIES

$0

Stationary

$200

Business Cards

$150

Brochures

$200

Other Misc. Office Supplies

$450

Computer

$0

NURSING SUPPLIES

$2,500

Total Start-up Expenses

$21,901

Start-up Assets

Cash Required

$44,599

Other Current Assets

$3,500

Long-term Assets

$0

Total Assets

$48,099

Total Requirements

$70,000

Start-up Funding

Start-up Expenses to Fund

$21,901

Start-up Assets to Fund

$48,099

Total Funding Required

$70,000

Assets

Non-cash Assets from Start-up

$3,500

Cash Requirements from Start-up

$44,599

Additional Cash Raised

$0

Cash Balance on Starting Date

$44,599

Total Assets

$48,099

Liabilities and Capital

Liabilities

Current Borrowing

$0

Long-term Liabilities

$50,000

Accounts Payable (Outstanding Bills)

$0

Other Current Liabilities (interest-free)

$0

Total Liabilities