Impact of your enterprise on sustainable development
We first launched our startup in Bukomansimbi and Kiruhura districts in Uganda where we registered up to 30 farming families with capital of $1000. We have grown and expanded up to 7 districts and working with over 73 farming families in food exchange. There's been on average a 55% decline of deaths due to malnutrition in our target communities and I am happy to say that at least by average our farmers now earn more than 4 dollars a day, the locals are so happy with and making us one of the loved organizations around the area. We also registered growth in capital from the initial $1000 to $3560 which has helped us to expand even further, because for us whatever increase in capital we get is simply put back in to the company. Each of us is paid a fixed salary including us the founders and this has helped us grow so fast as a startup. Because human labor was so slow to handle the process, I invented a software that currently supports just windows OS computers and has the capability of categorizing food types according to their nutrients and can be able to generate different food combinations that make a balanced diet depending on the food we have available and therefore it has a database of all food that we have in circulation so since as AgMicrofund we have our custom value of food the Nutri-system is able to calculate what we should give back to the farmer in equal quantity of what they have brought but with different kinds of food to make a balanced diet, this software is designed to be network connected so we can communicate with all our branches around the country and around the world in future so as to fairly.
Sustainability and future plans
AgMicrofund is highly scalable and can be successful to almost every developing country, through our selling of fresh and processed produce we are able also work in developed countries by supplying nutritious and affordable produce and also enable those who want to help this farmers do so by purchasing our premium produce. AGMICROFUND BUSINESS MODEL KEY PARTNERS Smallholder farmers Rivall Uganda Limited KEY ACTIVITIES Food exchange and redistribution Processing Sensitization of smallholder families VALUE PREPOSITION We offer a platform for rural poor smallholder farmers to share, exchange and trade their produce in order to obtain well balanced diet, stabilize their incomes and reduce food wastage. We also sell the extra food we get from the exchange process to the general public and government organization, this helps them to also get a share of the fresh and nutritious variety of food from the villages. CUSTOMER RELATIONS - Radio/TV adverts - Community meetings - Door to door sensitization - Subsidies on processed produce CUSTOMER SEGMENTS - Private agricultural export companies - Smallholder families - General public - Government institutes DISTRIBUTION CHANNELS - Local distributors - Our own outsourced trucks - Distribution companies KEY RESOURCES - Trucks - Cooling stores - Computers - Capital - Premises REVENUE STREAMS Charge a service fee (15% of the produce) for our sustainability. Sell processed premium products to the richer customers to supplement the farmers' subsidies. Revenue from selling processed products to government institution and the general public at market competitive prices. FUTURE PLANS -In the next 5 years we hope to expand outside Uganda to Kenya, South Sudan, Rwanda and Tanzania with a targeted 400 farming families if we are able to meet our anticipated funding targets. -We hope to launch our AgMicrofund app because unlike the present USSD system, the App will get us more urban dwellers and the richer class of our customers. -Expansion outside Africa in 10 years.
Your profile as an entrepreneur
My name is Charles Muhanguzi, from Uganda, Kampala, 22 years old, an Architecture student at International University of East Africa in Uganda. I was born and raised in Uganda where I was the only child of the family in a village called Mabonwa, Ibanda district but since my parents were poor farmers they reached a point where they couldnt fully afford my school fees when I got to secondary but then I worked so hard to in order to get a scholarship, luckily one of the rich men at the village decided to take me on and then got me to a school in Kampala. When I got there, I promised myself that I would work so hard to ensure that my parents get a better life in future, but then I noticed that it is important that I help more than just my family because there are many more families going through even worse than what my family went through and that's why I got together with my friends to startup AgMicrofund. This is an idea that I developed since I was nine years old, because our neighbors used to grow rice and matooke and we used to grow beans and millet, but since we rarely got surplus income to buy foods to supplement our diets our the food that we produced dominated our diets, so we started exchanging our meals so we could eat something new, from then I've been growing it in my head till I got to university and decided to put it in place. In 2014, our startup was selected among the 10 finalist ideas for the thought for food challenge where we got an opportunity to travel to Lisbon, Portugal to pitch our startup.