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 technology, Access to economic opportunity.
What has been the impact of your solution to date?
Given that this project is in the ideas stage, we are currently sourcing funds in order to begin the pilot session. Once that happens, we will be in a better position to assess the impact of our work.
What is your projected impact over the next 1-3 years?
Our expected outcomes in the next few years through out Rwanda include: stronger capacity to participate in global markets, reduced cost of doing business, increased production efficiency, increased social capital, greater farmer influence over decision making, enhanced business and leadership skills, reduced producer fragmentation, strengthened bargaining power, stronger market influence, more favourable market access conditions, greater access to resources otherwise unavailable, greater gender equity, attraction of higher prices for specialty coffee, development of sustainable livelihoods, and development of locally relevant entrepreneurialism.
What barriers might hinder the success of your project? How do you plan to overcome them?
While a normal level of vigilance is required, personal security is not a concern in Rwanda. The potential impact of risks on the operations of the project relate to management; however, the risk of mismanagement is low due to the fact that the project team has strong connections in Rwanda and in the coffee sector in particular.
We foresee no risks to our ability to properly protect funding once it is obtained.
Environmental vulnerability, social and cultural issues (including gender equality) and the capacity of chosen partners will all impact the success of the exchanges. As the need for the project was outlined by coffee farmers themselves, we believe that the risks to the project are minimal. We will continue to help mitigate these risks by ensuring farmer involvement throughout.
Winning entries present a strong plan for how they will achieve and track growth. Identify your six-month milestone for growing your impact
A 15-20% increase in overall coffee cooperative membership within Rwanda.
Now think bigger! Identify your 12-month impact milestone
A 10-15% increase in quantity and average price of exported cooperatively produced Rwandan coffee on the international market.