Mkhaya's Poultry
| Business Location: | Rural area - Villages |
| Province | Eastern Cape |
| Branch: | Alfred Nzo |
| Business Start Date: | |
| Busniess Type: | Company |
Business Dynamics and Challenges
Business Activities:
The company specialises in poultry as well as crop farming as they identified an opportunity in the community to bring and supply them these products and later started to supply some hawkers and retail stores.
Chickens are easy to raise. Also, poultry raising, as a family enterprise, offers profitable employment and recreation to the members of the family.
Challenges/Needs:
The challenge facing the business was that they wanted to improve quality as well as quantity of potatoes as the potato planter will plant more potatoes within a short time. It was then important that the business gets its own potato planter that has capacity to plant more potatoes. 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 sales increase. 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.
As a Business Advisor I assisted the business with access to funding to meet all the requirements of Asset Assist program.
Outcome Details:
The business has been successful as the access to funding was approved to the value of R240 000 and acquired the equipment needed.
Through the assistance received, the performance of the business improved the turnover increased by 6% from R503 200 to R533 500.
Employment increased from 12 employees to 15.
Through the assistance received, the performance of the business improved the turnover increased by 6% from R503 200 to R533 500.
Employment increased from 12 employees to 15.
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 more produce of potatoes.
