Best Projects 2019 features all the nominated entries submitted ‘Submit your Project’ category. All the entries consist of innovative projects run by existing enterprises in the form of businesses, NGOs or informal programs.
Explain your project in details:
Tieme Ndo as a social enterprise, empowers smallholder farmers to boost their crop productivity and income by eliminating capital and location barriers . To do this, Tieme Ndo has developed a unique asset-financing model called the "Credit Extension Package" (CEP), that gives farmers convenient and timely access to improved farm inputs without any upfront cost. Beginning the farming season, Tieme Ndo sources improved fertilizers and seeds from importers/producers in Ghana. The inputs are stored at a central point and then distributed to farmer cooperatives on credit or cash within a walking distance. Further, training and field extension services are provided to all the farmers to assist them implement best farm practices. After harvest, farmers are then linked to markets like the Ghana Commodity Exchange to sell their produce at favorable prices. In order to increase our loan repayment rate among our customers, we introduced the CoRD (Commission on Repayment Deposits). CoRD allows farmers to earn points valued at 9.3cents for every $1 deposit. These points are converted and credited to the farmer's account as cash for them to purchase extra farm inputs for their farms in the current or following farming season. This is a social security for the smallholder farmers who depend on the sales of their farm produce for income. This initiative is intended to reduce our default rate to 0% at the end of April, 2020. CoRD is in its pilot stage and once validated, it will be implemented for our cash customers to increase our sales and distribution. Again, farmers will earn points for every farm inputs purchased from our warehouse. Our mission is to empower smallholder farmers to double their crop yield and income annually. And we envision a future where these farmers become financially independent.
Impact of your enterprise on sustainable development
Since the launch of Tieme Ndo in 2017, the organisation has been able to distribute over 6000 bags of fertilizers and improved seeds to over 1500 smallholder farmers and 15 farmer cooperatives in Northern Ghana. Beneficiary farmers have been able to increase their maize yields by 25% in 2017 and 35% in 2018. Beneficiary families now have enough to feed over 4500 children (three per households). Thus, reducing stunting among these children and further increase their school attendance. To date, we've been able to organize 15 training sessions to educate farmers on best farm practices, climate smart agriculture. We looking forward to working 2500 smallholder farmers to help each of them increase their crop yields by 200%. We measure our impact by counting the number of farmer beneficiaries, the number of bags of produce harvested, the number of fertilizers and seeds distributed and the number of community reached.
Sustainability and future plans
Our main source of revenue is from cash sales of fertilizers, seeds and small farm equipment. Fertilizer contributes 95% of sales revenue and the remaining 5% comes from the sales of seeds and small farm equipment. 50% of our revenue comes from cash sales to individual farmer customers and the remaining 50% comes from credit sales to farmer cooperatives. We earn at least 15% gross margin on our products We charge about 20% as interest on our credit sales We also earn at least 15% as commission from service providers Over the years, we have won about $35000 from D-Prize Foundation, Ford Foundation and the MasterCard Foundation. We also work with fertilizer importers and seeds producers in Ghana who supply us with the farm inputs. As well as the government of Ghana who provide extension officers and subsidized fertilizers.
Your profile as an entrepreneur
Moses is a social entrepreneur, farmer and student. He is 26years with a BSc degree in business administration ) and an alumni of the MasterCard Foundation Scholars Program at Ashesi University. Moses vision is to see all smallholder farmers become financially independent. Moses is currently the founder and director of operations of Tieme Ndo, a social enterprise that empowers smallholder farmers to boost their crop yields. Moses did his National Service (mandatory service for all university graduates in Ghana) from September 2018 to April 2019 with Burro Brand Ghana Ltd, as a business development associate. Growing up in Nandom, a rural farming community in Northern Ghana, Moses has been helping his parents on the farm since childhood. Working with his parents on the farm for over 10 years, Moses has witnessed his parents record low crop yield annually. Making it difficult for his parents to feed the family because, farming is the only source of livelihood for his parents. As such, Moses and his siblings has experience hunger for more than 10 years until 2016 when Moses realized that, the reason for the consistent low crop yields is his parents limited access to funds to pay upfront for improved farm inputs like fertilizers and seeds. Hence, Moses started Tieme Ndo with the Credit Extension Package that supply farmers improved seeds and fertilizers on credit. Over the years, Moses have developed an entrepreneurial, problem solving and a can do mind set, which have helped launched his business. He has skills in research, International team coordination, remote team management, supply chain management, negotiation, research, product development. Moses, one of the winners of the D-Prize Foundation Competition - $20000 grants (2017) MasterCard Foundation Student Entrepreneurship Fund - $8500 (2019) Ford Foundation Children and Youth Fund at Ashesi University - $18000 (2018/2019)