What solution(s) does your initiative address to help emerging entrepreneurs and small businesses grow and thrive in underserved communities? (select all applicable)
Access to financing, Access to talent, Access to supply chains, Access to economic opportunity.
What has been the impact of your solution to date?
Economic development: 3 villages home to over 700 people have received SE grants for income generation activities including buffalo and piglet rearing
Social development: Villages participated in training on community mobilization and social enterprise management. Village development committees (VDCs) invested profits from community enterprises according to the community’s own interests – examples have included hiring a schoolteacher, fixing village footpath, building jetty, etc.
Farmer support: 16 landless farm laborers (8 per year in first 2 years) have improved economic security and income after receiving employment and profits from paddy harvest, being trained in sustainable agriculture, and using profits to lease their own land
Environment: 100 acres has been transformed from abandonment to productivity
Leadership: SE is little known in Myanmar; GW is in touch with entrepreneurs, investors, donors and NGOs interested in learning about it
What is your projected impact over the next 1-3 years?
-Plan to purchase second 100-acre parcel in same region in 2013. Aim to purchase additional plot every 1-2 year. By 2015 up to 400 acres will be held by GW
- At least 16 farmers per year (up from 8 with new land) will benefit from education/profit sharing program. By the end of 2015 approximately 100 farmers and their families will have received services and become small holders
-Expand farmer education program to incorporate thorough training on sustainable agriculture and animal husbandry
-Continue SE grants to VDCs for community enterprise and also add individual grants program to farmers who excel in training
-In early 2013 will implement repayment system for new grantees
-Build GW’s leadership on SE, train other groups, develop Myanmar language curriculum, publish short book
What barriers might hinder the success of your project? How do you plan to overcome them?
Weather and climate: In the pilot phase, harvests were good but this varies by year. GW is now modifying the 50-50 profit share model and instead will keep a set number of paddy baskets each harvest. This way GW protects its own financial stability.
Community enterprise: Villages receiving SE grants may not succeed in the businesses they establish and not be able to repay. Our solution is to work with them very closely to improve their business model as needed.
Markets: Rice market can fluctuate, so if the prices drops significantly we would have to redesign profit sharing models again. However rice is often traded directly for leasing buffalo, etc., so the local economy is protected from outside market fluctuations. We promote local economy over cash economy when appropriate.
Winning entries present a strong plan for how they will achieve and track growth. Identify your six-month milestone for growing your impact
Within the next six months, GW plans to establish the second 100-acre land reclamation project phase.
Now think bigger! Identify your 12-month impact milestone
GW will being restoration of 500 acres of land and emerge as a leader in Myanmar's rural SE sector.