Project Protein (Sustain A Business)
Project Number: 2b
Project Title: Project Protein (Sustain A Business)
Pillar of organization: Vocational Empowerment
Start date of Project: 22nd December 2017
Completion date: March 2018
In collaboration with project protein, six indigenes were chosen to be empowered by the provision of business development consulting and funding to their existing business or grassroot business ideas.
Business Development Projects Participants
The following individuals were selected under the business development projects:
Fidelia Ndiribe: Grocery business
Evelyn Okoronkwo: Poultry Business
Ogechi Onuoha: Foodstuff trader
Catherine Mbakwe: Grocery business
Anokwute Ugochi: Clothing business
Chinyere Onyechere: Petty trading
We have followed up by ensuring that the six beneficiaries are equipped to maintain their respective businesses through laying a tailored business plan and adequate funding. This way, families can also be equipped to afford healthy eating.
The S.O.W Africa team worked with selected individuals to develop their business management skillset by focusing on business planning, capital budgeting, bookkeeping and reinvestment strategies.
The timeline for the projects follow-up was as follows:
Meet with the individuals to discuss plan drawn out: February 3rd
Draw up sustainable business plan drafts for businesses : February 6th
1st round of funding:(#140,000) - $400, February 7th
1st follow up meeting after funding to check progress: March 3rd
2nd round of funding(based on performance of 1st round): March 3rd
2nd follow up meeting: March 17th
3rd (final) round of funding: March 31st
Final meeting to address any special issues: March 31st
Periodic check ins: Monthly until July
Due to lack of education and exposure, most of the people dwelling in the community lack the knowledge of basic financial practices and ultimately, maintaining a business. With our help, Three out of our beneficiaries have built their business into a sustainable source of income for themselves and their families.