South Africa - Business creation project

Describe your project or startup in a few words

Bomi Enterprise is an organic farming company that prioritizes the sustainable production of food crops and livestock to maintain the wellbeing of people, ecosystems, and soils. The company's mission is to use agricultural solutions to mitigate poverty.

01.01 Describe your project in more detail

Bomi Enterprise's short-term crop/product objectives include growing berries, tomatoes, and onions. These crops can build the business's foundation and offer a reliable source of income. These crops also have the potential to be very profitable due to their high demand. Bomi Enterprise's long-term goals involve expanding its avocado, citrus fruit, meat, dairy, eggs, and animal businesses. These goods can broaden the company's product range and have larger profit margins. The choice to establish these targets is in line with Bomi Enterprise's mission to reduce poverty through agricultural solutions, taking considering the potential market demand and profitability of certain crops and products. Through the production and distribution of a wide variety of crops and products, the company may provide a steady stream of revenue and enhance the general economic health of the region.

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

A lot of nations in the poor south are poverty stricken. There are people who can’t afford food or crops and do nor have arable land. Without capital or helping hands many are stuck in generational cycles of poverty. Bomi Enterprise is directed at addressing 3 of the sustainable development goals, to end poverty in all its forms everywhere, achieve food security and improved nutrition along with promoting sustainable agriculture, and thirdly to ensure healthy lives and promote well being for all.

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

Bomi Enterprise's focus on sustainable agriculture provides an opportunity for individuals and communities to generate income and improve their livelihoods. Food Security: Bomi Enterprise's production of diverse food crops and livestock helps to address food insecurity in poverty-stricken areas. Environmental Sustainability: Bomi Enterprise's organic farming practices promote sustainable agriculture, which has long-term benefits for both the environment and the economy.

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

The project intends to benefit farmers and agricultural workers, people living in poverty and their communities, consumers looking for safe and nutritious food, and the local environment and communities affected by farming practices.

01.05 When did you start working on your project?

2024-03-01

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.)

n/a

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?

b) Materials (agriculture, fishing, chemical products, construction materials, containers and packaging, metals and mining, paper and forest products)

02.01.01 My project contributes to the No poverty goal

7 - Strongly Agree

02.01.02 No poverty - Justification

By cultivating a variety of crops and livestock, the business creates job opportunities in farming, processing, distribution, and marketing. This helps to alleviate poverty by enabling people to earn a sustainable income and become self-reliant.

02.02.01 My project contributes to the Zero hunger goal

7 - Strongly Agree

02.02.02 Zero hunger - Justification

Bomi Enterprise's production of diverse food crops and livestock helps to address food insecurity in poverty-stricken areas. By cultivating crops such as tomatoes, onions, berries, avocado, citrus fruits, and raising livestock for meat, dairy, and eggs, the business contributes to a more reliable and consistent food supply. This ensures that individuals and communities have access to nutritious food, reducing the risk of hunger and malnutrition.

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

Bomi Enterprise's organic farming practices promote sustainable agriculture, which has long-term benefits for both the environment and the economy. By focusing on soil health and ecosystem preservation, the business helps to maintain the productivity of agricultural land and prevent degradation. This ensures the availability of arable land for future generations, reducing the risk of land scarcity and agricultural failure. By adopting sustainable practices, Bomi Enterprise minimizes the use of harmful chemicals and promotes biodiversity, creating a healthier and more resilient ecosystem.

02.04.01 My project contributes to the Quality education goal

1 - Strongly Disagree

02.04.02 Quality education - Justification

N/A

02.05.01 My project contributes to the Gender equality goal

4

02.05.02 Gender equality - Justification

The root cause of poverty among women is unequal access to assets. Bomi enterprise will prioritize women that are interested in agriculture.

02.06.01 My project contributes to the Clean water and sanitation goal

1 - Strongly Disagree

02.06.02 Clean water and sanitation - Justification

N/A

02.07.01 My project contributes to the Affordable and clean energy goal

1 - Strongly Disagree

02.07.02 Affordable and clean energy - Justification

N/A

02.08.01 My project contributes to the Decent work and economic growth

5

02.08.02 Decent work and economic growth - Justification

This Enterprise focuses on impoverished persons and communities.

02.09.01 My project contributes to the Industry innovation and infrastructure

2

02.09.02 Industry innovation and infrastructure - Justification

N/A

02.10.01 My project contributes to the Reduced inequalities goal

3

02.10.02 Reduced inequalities - Justification

N/A

02.11.01 My project contributes to the Sustainable cities and communities goal

4

02.11.02 Sustainable cities and communities - Justification

N/A

02.12.01 My project contributes to the Responsible consumption and production goal

5

02.12.02 Responsible consumption and production - Justification

The project seeks to strengthen farmers' and agricultural workers' livelihoods and promote economic development by giving them jobs and income-generating opportunities while promoting sustainable farming.

02.13.01 My project contributes to the Climate action goal

2

02.13.02 Climate action - Justification

N/A

02.14.01 My project contributes to the Life below water goal

2

02.14.02 Life below water - Justification

N/A

02.15.01 My project contributes to the Life on land goal

4

02.15.02 Life on land - Justification

Bomi Enterprise would also contribute to putting an end to and reverse land deterioration

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

3

02.16.02 Peace justice and strong institutions - Justification

N/A

02.17.01 My project contributes to the Partnerships for the goal

3

02.17.02 Partnerships for the goal - Justification

N/A

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

3

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

3

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

3

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

4

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

4

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

5

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

4

05.08 Justification

The venture focuses on impoverished people and communities in particular. Bomi Enterprise provides a dependable source of nutrition and helps to provide food security in areas of extreme poverty by growing a variety of crops and rearing cattle. Their products' accessibility and affordability guarantee that those without access to arable land or food cannot go without nourishing options. Bomi Enterprise's dedication to environmentally friendly farming methods benefits both the surrounding community and the environment. They protect soil health, biodiversity, and ecosystem integrity by supporting organic farming. In addition to improving community well-being, this guarantees that arable land will be available for use by future generations.

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

Potential competitors to name a few would be; Agri SA, Abalimi Bezekhaya and Oxfam South Africa. For starters, being committed to reducing poverty through agricultural solutions is a huge benefit. Bomi Enterprise can provide a consistent source of revenue by focusing on crops and products with profitable sales and developing a foundation for the business with short-term goals, so contributing to community poverty reduction. In addition, Bomi Enterprise stands out for its varied crop and product portfolio. This adaptability provides a competitive advantage because it promotes Bomi Enterprise as a one-stop shop for a wide range of agricultural products. Furthermore, a distinct selling feature is Bomi Enterprise's emphasis on sustainable farming practices.

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

no