Vision Xhosa
| Business Location: | Rural area - Villages |
| Province | Eastern Cape |
| Branch: | Alfred Nzo |
| Business Start Date: | 2019-01-08 |
| Busniess Type: | Company |
Business Dynamics and Challenges
Business Activities:
They are farming crop 10ha worth of land, all being utilized for yellow maize which in turn serves as feed for both pigs and chickens. In the country, Chicken broilers have been raised in small numbers around the houses as a backyard flocks, or on the farm as a small home scale venture for many years but has shifted into a large commercial enterprise. Chickens are easy to raise. Also, poultry raising, as a family enterprise, offers profitable employment and recreation to the members of the family.
They are currently selling yellow maize, crushed maize and pig feed (grower). They plan on growing our market base outside of Bizana.
Challenges/Needs:
The challenge facing the business was that they were unable to meet the demand for crushed maize to make feed as the equipment was not enough. It was then important that the business gets its own machinery that has capacity to deliver to their customers on time. The intervention was a fundamental step that will assist the business towards the process of attaining access to finance, hence the implementation of intervention of Asset Assist.
Intervention Insights and Results
Intervention Details:
The client was referred to a Business Advisor who, after consultation registered the client and conducted diagnostic assessments on the business. The assessment revealed that the business was very sensitive to either and increase or decrease of sales. One important issue the business had to focus on was to increase the turnover.
As a Business Advisor I assisted the business with access to funding to meet all the requirements of Asset Assist program to improve the sales by getting more clients to the business, as a result they attracted more clients that came to the business to buy feed.
As a Business Advisor I assisted the business with access to funding to meet all the requirements of Asset Assist program to improve the sales by getting more clients to the business, as a result they attracted more clients that came to the business to buy feed.
Outcome Details:
The business has been successfully as the access to funding was approved to the value of R192 106 and acquired the equipment needed.
Through the assistance received, the performance of the business improved the turnover increased by 50% from R80 000 to R120 000.
Employment increased from 2 employees to 5.
They also received other funding from various stakeholders who saw the potential from the business.
Through the assistance received, the performance of the business improved the turnover increased by 50% from R80 000 to R120 000.
Employment increased from 2 employees to 5.
They also received other funding from various stakeholders who saw the potential from the business.
Client Feedback
Client Comments:
We are thankful to Sedfa who assisted us with getting access to funding through Asset Assist which helped us getting new equipment resulting in attracting more clients coming through.
