Scaling the Solution: How do you intend to scale your activities over the next two years (e.g., reach new markets, diversify solutions, etc.)? What will make this possible?
UJANE seeks to scale up our organic fertilizer initiative to sustain its activities and become financially independent. We are already training farmers on this technique and plan to establish a micro enterprise in each of the 5 communities where we already work. Fertilizer will be produced and sold to local farmers. According to our preliminary budget, the start-up cost of 5 micro centers is 380,000HTG (roughly USD$9,000). We have the know-how and local network in place, but we need to mobilize the seed capital. This competition would help us jumpstart this work.
Financial Sustainability: What is your business model to ensure financial sustainability?
We will get revenues every 3 months from the fertilizer sales. With 30,000 earthworms per micro enterprise, we can produce 500 kg of fertilizer per quarter per center; that's 2,000 kg/yr/center. From those, 300 kg/center will be distributed in the 1st quarter to farmers in exchange for their green waste, and the rest will be sold at 100 HTG/kg. We project yearly revenue at 850,000HTG, and a yearly profit of 115,000HTG, with breakeven in 3.5 yrs.
Experience: Please provide examples of any previous entrepreneurial initiatives you have pioneered.
We ran health campaigns to limit the spread of cholera. We also work with 2 Ashoka Felllows, leveraging their methodologies to provide access to finance and technologies. We have grouped 35 local members who have pooled their savings to create their own credit fund. We have also trained 5 young micro entrepreneurs to promote and sell essential technologies in their communities - they have sold over 250 technologies since February 2013.