Cameroon - Business creation project

Describe your project or startup in a few words

The project is about a hatchery to go operational in the North West Region of Cameroon to produce Cobb 500 and Ross 308 day old chicks to supply already identified customers in this region in order to solve the problem of scarcity of day old chicks.

01.01 Describe your project in more detail

According to a Market Research conducted in the North West Region of Cameroon among day old chick brooders and suppliers, it was discovered from the data that the consumers of this product face a lot of problems in getting these chicks. Amongst some of the problems discovered include: scarcity of the chicks, problem of transportation over long distances from other regions, high prices due to the scarcity. Furthermore, some of the recommendations from these customers include: opening of a hatchery in North West Region of Cameroon to solve all their problems. It is on this result that this project seeks to open a hatchery in the North West Region in order to meet the needs of livestock farmers in the region most especially farmer who are farther away from the capital city which is Bamenda. It has been discovered that this business will be able to yield a positive return based on the calculations on the cost of production and the price the customers are willing to pay.

01.02 What is the main problem you are trying to solve?

From the market research results, this project is aimed at solving the following problems: Scarcity of day old chicks in the regions, high prices of day old chicks in the region, transportation problems transporting the day old chicks from other regions, contributing in solving the high unemployment in the region. For the scarcity of day old chicks, the region has no hatchery in the region which is operational, due to this the few companies in other regions have as priority to satisfy customers in their region first a this leaves most livestock brooders to go without chicks. This scarcity leads in high prices since demand often exceed supply. Transportation problems will be solved due to the proximity in location of this hatchery. In addition, since most brooders face scarcity and high prices, there is often the tendency that they will likely go out of business causing unemployment. So with the institution of this project all these problems and many more will be solved

01.03 Tell us the major benefits and/or advantages of using the product/service that your project intends to provide (at least 3).

The major benefits of using this product are as follows: consumers of this product will benefit from a price reduction in the sense that they will not have to travel out of the region to get this product. consumers of this product will benefit from the proximity in location of the company to produce the product. Their problems in transportation will be solved. another benefit consumers will derive from the consumption of this product is highly resistant to diseases that affects other species of chicks and the growth rate of the chicks to be produced is also very high which is indeed the preference of customers found in the region. Another benefit of this product will be that it will be the solution to the problem of scarcity in the region.

01.04 Please describe who exactly your project is aimed at serving. Who are the targeted beneficiaries?

The primary targeted beneficiaries of this project are the entire livestock farmers in the North West Region of Cameroon. This target is scattered in all the 7 divisions of the region. The secondary beneficiaries of this project is the entire population as a whole who will benefit from the employment to be offered through this project.

01.05 When did you start working on your project?

2024-01-20

01.06 How many other partners are associated with your business venture?

0

01.07 Among the other partners, how many are female?

0

01.08 Please describe the profile of each of the other partners (skills, experience, etc.)

there are no partners

01.09 If you have a website, a social media page (Facebook, Instagram, Linkedin…), or app, please provide the link here:

01.10 Which industry best describes your project?

l) Agriculture

02.01.01 My project contributes to the No poverty goal

7 - Strongly Agree

02.01.02 No poverty - Justification

this project solves the problem of poverty through the jobs in will create in the society. Many beneficiaries will experience and increase in their incomes which will reduce poverty in the community.

02.02.01 My project contributes to the Zero hunger goal

7 - Strongly Agree

02.02.02 Zero hunger - Justification

This project contributes to zero hunger through the very important protein source it will provide for the community. Looking at the value chain of this product, it has a very high potential in contributing to zero hunger also in the sense that the droppings which is like the waste from the chicks will be used as organic fertilizer to produce crops which will be supplied in large quantities in the region and beyond thereby reducing hunger.

02.03.01 My project contributes to the Good health and well-being goal

7 - Strongly Agree

02.03.02 Good health and well-being - Justification

Good health and well being is a bi-product of a healthy diet. this project contributes to this goal by providing a very important class of food needed by all which is protein. Thus some diseases which attack people due to the lack of sufficient protein will be reduced due to increase in the protein supply in the community.

02.04.01 My project contributes to the Quality education goal

5

02.04.02 Quality education - Justification

Occasional lectures will be given to farmers of livestock to help them understand the best practices required to succeed in livestock farming. This education will target most especially new customers or potential customers who will want to venture in livestock farming. Through this training, quality education will be provided to the community members.

02.05.01 My project contributes to the Gender equality goal

7 - Strongly Agree

02.05.02 Gender equality - Justification

This project will carryout no partiality in gender in whatever way in the employment and the business opportunities it will create in the society. Everyone whether male or female will be placed on the same consideration.

02.06.01 My project contributes to the Clean water and sanitation goal

4

02.06.02 Clean water and sanitation - Justification

02.07.01 My project contributes to the Affordable and clean energy goal

4

02.07.02 Affordable and clean energy - Justification

02.08.01 My project contributes to the Decent work and economic growth

7 - Strongly Agree

02.08.02 Decent work and economic growth - Justification

This project will promote decent work and economic growth in that the salaries of the workers will be reasonable enough to carter for economic demands. in addition, the establishment of this company will cause the economy to grow through the taxes it will pay, the reduction of unemployment in the society and the contribution to the Gross Domestic Product of the economy.

02.09.01 My project contributes to the Industry innovation and infrastructure

4

02.09.02 Industry innovation and infrastructure - Justification

02.10.01 My project contributes to the Reduced inequalities goal

4

02.10.02 Reduced inequalities - Justification

02.11.01 My project contributes to the Sustainable cities and communities goal

7 - Strongly Agree

02.11.02 Sustainable cities and communities - Justification

This project will emit no waste or harmful substances in the community. this will help to maintain the cities and communities it will serve sustainable.

02.12.01 My project contributes to the Responsible consumption and production goal

4

02.12.02 Responsible consumption and production - Justification

02.13.01 My project contributes to the Climate action goal

4

02.13.02 Climate action - Justification

02.14.01 My project contributes to the Life below water goal

4

02.14.02 Life below water - Justification

02.15.01 My project contributes to the Life on land goal

4

02.15.02 Life on land - Justification

02.16.01 My project contributes to the Peace justice and strong institutions goal

4

02.16.02 Peace justice and strong institutions - Justification

02.17.01 My project contributes to the Partnerships for the goal

4

02.17.02 Partnerships for the goal - Justification

05.01 There are a large number of customers who already use a product/service very similar to the product/service we envision creating.

7 - Strongly Agree

05.02 The product/service we envision creating represents an entirely new type of product/service.

1 - Strongly Disagree

05.03 The product/service we envision creating could be described as a new technology.

1 - Strongly Disagree

05.04 The product/service we envision creating is an improvement on an existing product or service.

6

05.05 The product/service we envision creating could be described as an extension of a range of products or services.

7 - Strongly Agree

05.06 The product/service we envision creating responds to a demand or need that has not been satisfied by other products/services.

7 - Strongly Agree

05.07 The product/service we envision creating is a new version of an old product/service.

1 - Strongly Disagree

05.08 Justification

This project is just innovative in the mode of delivery, the pricing, and the thorough exploration of a market segment.

05.09 Who are your main potential competitors and what makes you stand out from them?

My main potential competitors are producers of day old chicks all over the national territory. what makes me stand out is the fact that i am entering a market segment that has not be explored by my competitors, the pricing of my product will be to the customers satisfaction, the proximity in the location of my project will give me absolute advantage over my competitors in this particular market segment. Furthermore, interpersonal relationship with my customers will already make me outstanding in this particular segment.

10.06 Are you initiating actions within your community to promote the role of female entrepreneurs?

no