BESTABO FUNDS

BESTABO FUNDS

Buea, CameroonBuea, Cameroon
Year Founded:
2012
Organization type: 
hybrid
Project Stage:
Idea
Budget: 
$500,000 - $1 million
Project Summary
Elevator Pitch

Concise Summary: Help us pitch this solution! Provide an explanation within 3-4 short sentences.

Young farmers living in remote places need support in more than one area. We provide a complete set of services within walking distance of the farmers we serve. Our service bundle includes: Distribution of seed and fertilizer, Financing for farm inputs, Training on agricultural techniques etc

WHAT IF - Inspiration: Write one sentence that describes a way that your project dares to ask, "WHAT IF?"

All educated young people turn to agriculture
About Project

Problem: What problem is this project trying to address?

In recent years, poverty, youth employment and famine has been the order of the day. Most educated people live in cities with no jobs and some die of hunger. There is vast uncultivated land across Africa and entrepreneurship is still a dream. Poverty and vandalism is the order of the day and young people are in the mist fear of the future. even when youths are involved in Agriculture, harvest/yields are very low

Solution: What is the proposed solution? Please be specific!

Young farmers need support in more than one area. We provide a complete set of services within walking distance of the farmers we serve: Distribution of seed, Financing for farm inputs, Training on agricultural techniques, Market facilitation to maximize profits from harvest sales,use of mobile phones to pass techniques. Farming is the dominant economic activity of the world’s poor. Bestabo Fund makes that act When farmers improve their harvests, they pull themselves out of poverty. They also start producing surplus food for their neighbors. When farmers prosper, they eradicate poverty and hunger in their communities. And our farmers will produce enough surplus food to feed another 5 million of their neighbors.
Impact: How does it Work

Example: Walk us through a specific example(s) of how this solution makes a difference; include its primary activities.

A Business Solution for Smallholder Farmers. Young Smallholder farmers l need support in more than one area. We provide a complete set of services within walking distance of the farmers we serve. Our service bundle includes: Distribution of seed and fertilizer Financing for farm inputs Training on agricultural techniques Market facilitation to maximize profits from harvest sales Farming is the dominant economic activity of the world’s poor. Bestabo Fund makes that activity significantly more productive. We are growing as fast as possible to capture an incredible opportunity -We shall use Mobile Technology to Benefit Smallholder Farmers through SMS and constant contact using telephone.

Impact: What is the impact of the work to date? Also describe the projected future impact for the coming years.

When farmers improve their harvests, they pull themselves out of poverty. They also start producing surplus food for their neighbors. When farmers prosper, they eradicate poverty and hunger in their communities. Bestabo Fund will grow quickly and we are proud will shall represent Africa’s largest network of smallholder farmers. By 2020, we will serve at least 1 million farm families - with more than 5 million people living in those families. And our farmers will produce enough surplus food to feed another 5 million of their neighbors. When millions of farmers speak with one voice, we can more effectively pursue collaboration together with government and the private sector to broaden our reach. Bestabo Fund anticipates growing by 50%, to serve ~300,000 farm families, with pilots in Cameroon Fund seeks to put $135+ of incremental income into the hands of each farm family.

Spread Strategies: Moving forward, what are the main strategies for scaling impact?

How We Grow We designed Bestabo Fund to grow. Our field staff are organized into operating units of 15 staff. We are constantly adding new operating units, while also growing existing ones. Most of our staff are regular farmers. Through our leadership development program, we are helping our staff to build meaningful and fulfilling careers. Our field staff are supported by professional headquarters Fund seeks to put $135+ of incremental income into the hands of each farm family, from our crops and add-on products such as solar lights and cocoa trees.
Sustainability

Financial Sustainability Plan: What is this solution’s plan to ensure financial sustainability?

Micro loans and seed grants will be given to young farmers. After training and mentor ship, the farmers will harvest, transform and sell produce and repay their loans with a very minimal interest to meet the expenses and grow our network We are going to set up Bestabo fund farms to be used for training and research purposes and to test recent technologies. These crops will be harvested and sold and raise further income.

Marketplace: Who else is addressing the problem outlined here? How does the proposed project differ from these approaches?

There are big government agencies addressing the problem with big and well established farmers
Team

Founding Story

Looking at the rate of youth unemployment and the prevailing rate of hunger and suffering in Africa, and owing to the fact that agricultural development has great potentials for growth and expansion. Secondly I have been a ONE campaigner for 2 years advocating for young people to take on agriculture so I decided to take action and promote them directly by providing funds and technical expertise

Team

Tengsa Tonfoh has a MS in horticulture from the University of Buea. He previously served with the Cameroon development Corporation. He is the Senior field officer. General Partner/ Kenya Country Director Martins Yangange -Director Engagement-joined One Acre Fund in 2013. He earned his BS and MS from Stanford University in Geologic and Environmental Sciences.
About You
About You
First Name

Manyi

Last Name

Tabot

About Your Project
Organization Name
How long has your organization been operating?

Project
Organization Country

, Buea

Country where this project is creating social impact

, Buea

Funding: How is your project financial supported?

Individuals, Businesses, Customers.

Supplemental
Awards: What awards or honors has the project received?
Where have you learnt about the competition?
Tell us about your partnerships:
Challenges: What challenges might hinder the success of your project and how do you plan to overcome them?
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