PRS Farming
| Business Location: | Rural |
| Province | Free State |
| Branch: | Thabo Mofutsanyana |
| Business Start Date: | |
| Busniess Type: | Company |
Business Dynamics and Challenges
Business Activities:
PRS Farming specializes in cultivating maize, soya beans. The business grows these crops to supply local markets with grains. Key activities include planting, harvesting, oil extraction, and selling the products. The business manages inputs like seeds and fertilizers and oversees daily operations with a focus on increasing production and improving efficiency.
Challenges/Needs:
PRS Farming faces challenges including limited funding readiness due to missing financial documents, rising production costs impacting profitability, and low brand visibility restricting market growth. The business also needs to improve financial management and staff skills, and requires better support with funding applications to enable sustainable expansion.
Intervention Insights and Results
Intervention Details:
PRS Farming visited SEDFA to seek assistance with applying for funding to acquire farming equipment. The Business Advisor identified that the business lacked a cash flow projection, which is essential for funding applications.
As part of SEDFA’s Business Growth Support, the advisor developed a 12-month cash flow projection and facilitated the funding application process. Although the application was unsuccessful, SEDFA helped the business become more financially structured and funding-ready.
As part of SEDFA’s Business Growth Support, the advisor developed a 12-month cash flow projection and facilitated the funding application process. Although the application was unsuccessful, SEDFA helped the business become more financially structured and funding-ready.
Outcome Details:
The intervention provided by SEDFA has contributed to several important positive developments for PRS Farming. Firstly, the business experienced significant growth in turnover, with sales increasing from R53,000 to R90,000. This represents a substantial increase of approximately 69.8%, which is mainly attributed to improved production capacity and enhanced financial planning supported by SEDFA.
Secondly, the business successfully created new employment opportunities. The number of employees increased from four to six, meaning that two new jobs were added during the intervention period. This is a positive indicator of business expansion and contribution to local job creation.
Finally, SEDFA’s support in developing a detailed 12-month cash flow projection improved the business’s financial management and administrative practices. This enhanced financial planning has helped the business gain better control over its cash flow, enabling more informed decision-making and preparing the business to be funding-ready for future opportunities.
Secondly, the business successfully created new employment opportunities. The number of employees increased from four to six, meaning that two new jobs were added during the intervention period. This is a positive indicator of business expansion and contribution to local job creation.
Finally, SEDFA’s support in developing a detailed 12-month cash flow projection improved the business’s financial management and administrative practices. This enhanced financial planning has helped the business gain better control over its cash flow, enabling more informed decision-making and preparing the business to be funding-ready for future opportunities.
Client Feedback
Client Comments:
“Thank you Sedfa”
