Best Ideas 2020 features all the nominated entries submitted under ‘Submit your Idea’ category. All the entries consist of innovative solutions or propositions for an enterprise that champions the Sustainable Development Goals. They can be on the conceptual, planning, or start-up stage.
Cow Revolving Fund (CRF) to Empower Cow Farmers
Explain your idea in details:
The objective for this program is simple, to maintain productivity for cow farmers in the short-term also to pursue stability within their financial aspects in the long-term. To achieve the objectives, we have made some rules to make sure everything goes in the right direction. We want them to build a group of farmers whom trust each other, and give them some amount of money to buy cows for themselves. But we don't give the whole money so they can buy 1 cow each, instead, we spare the money. Lets say if we have $5000 for 5 members in a group, we will only give them $3000 so they can buy 3 cows - for 3 members only. The group decides on who will get the first 3 cows. The other 2 shall wait and see the progress of these cows, thus we can have our own monitoring system. Make sure none is doing anything wrong. Then after some time (approx. 3-6 months), these 3 cows can be harvested (either for the meat or milk) and the selling money will be split with the second party (our NGO). The farmers will decide how much the split percentages will be (usually around 60:40, or even 70:30). Lets say for an example, we bought the cows for $3000 and sold it for $4500. These money will be split. We divide the $3000 to buy another 3 cows, and the profit of $1500 will be split (either $900 for the farmers : $600 for the NGO, or $1050 for the farmers : $450 for the NGO). The money for the NGO goes for operational costs (transportation mainly). The farmers can look for another 3 cows and they will decide who to take care of them. The same process continues.
Expected impact of your idea on sustainable development
With this simple system, we hope that we can develop productivity for these farmers especially during this difficult period since covid-19 pandemic. They need their economies to run, and this is one way to boost that. We will start with a group of 5 members, and hopefully as it grows; we will get another 2 groups by the early of 2021. If each farmers can get stable income from these cows, their survivality rates will be increased. 1 cow will get at least $500 profits/3 months, or at least $150 per month. Plus, if they're buying a milking cow, they will have another potential profits from the milk itself. And this is only from 1 cow. If each members manage to take care of 2 cows, then the profits can be twice bigger.
Plans for implementation and sustainability
We hope for donors to give contributions for the financial sources, since we are a not-for-profit NGO. We already started this business with 4 cows around Boyolali, Central Java province of Indonesia. We will develop from that particular place, and so far, all the money went from individual donors. We haven't harvested the cows yet, but we already begun the monitoring from our own NGO members. We haven't collaborated with other partners yet outside from individual donors, but we are certainly looking for that. For now, there are only 4 people who are working on this NGO, and we shall continue. Our aim is to look for the legality and to search for international potential donors or partners. The business model however, is based on the profit-share mechanism. No interest rates or any collaterals are needed.
My name is Ali, I am 25 years old. Currently establishing an NGO under the name of Lumbung Semar, not officially registered yet (due to the pandemic issue). I am also a masters degree student of economics in a public University around Central Java province, Indonesia. I come from a middle income family, as we embrace everything that we have. I am the eldest son and have 2 younger siblings. My dad is unemployed, while mom works part time selling foods. I currently work to develop the NGO and to become a lecturer/researcher soon. I never have any recognition or awards before, but I will try my best to get one or some, one day. My motivation to do such thing is simple. I want to give better life for others. I want to develop great things for the unfortunate ones. They deserve a better life, as we all do. I have been working as a volunteer for social programs at least for the past 3 years, with my own team mates within this NGO and my lecturers. We were not paid for everything we have done for the past 3 years, but now we are willing to make it sustainable as we establish this NGO. So that we can have our own stability, others' stabilities, and to recruit more people to decrease the unemployed with our programs. Wish us luck.