KNOWLEDGE IS POWER AN INNOVATION BY UGANDA NETWORK OF BUSSINESSES (UNB)
Is to promote creation of businesses as a form of employment, supplement incomes and improve operations of micro and small businesses.
I confirm that I am fully aware of the eligibility criteria, and based on its description, I am eligible to apply to the CSV Prize 2017.
Uganda Network of Businesses
Established (the solution has passed the previous stages and demonstrated success)
Annual budget in 2017 (USD)
Number of beneficiaries impacted so far
Nonprofit, NGO, or citizen sector
Secondary Focus Area
Headquarters location: Country
Headquarters location: City
Location(s) of impact
Uganda: Kampala, Wakiso and Sironko
There is no competition to the produce because the lakes which are the source of fish are almost depleted by big time dealers in east Africa using unfriendly methods of fishing. With fixed capital of US$ 14,409 and operating costs of US$ 17,925, US$184,800 as revenue is generated in the first year of operation. This inventory supports 50 members per year from 3 fish ponds.
Problem: What problem is this initiative trying to address?
Unemployment is alarming in Uganda and Africa in general. Students (youth) in vacation for 9 months become redundant, so they are exposed to social and health problems like HIV/AIDS. Low incomes demand and pressure on limited available resources is high due to increasing population. People opt to sale land to settle for simple jobs in towns. Rural people lack essential skills and access to vital information on markets. Poor succession plans and cultural norms lead to short lifespan of existing businesses.
Solution Summary: What is the proposed solution? What do you see as its most promising aspects for creating shared value?
We make partnerships while focusing on personal identification, market research, business identification and registration, business planning, strategic planning, marketing, risk management, business ethics, business records, business audits, and legal issues in business and rights, social entrepreneurship. All this we target to promote creation of favorable businesses as a form of employment for the unemployed and also to supplement incomes of the low income workers by creating micro and small businesses. We help them understand the need to have good business succession plans. We majorly focus on three sectors; agriculture, manufacturing and services such as aggro-businesses and renewable energy, packaging and branding of products. We share and translate practical knowledge, skill and vital information. Through all this our members are motivated to create sustainable businesses.
Impact: What is the impact of the work to date? Specify both the social and the environmental impact of your work
Despite the effect of poverty, famine and inflation good ideas have been adopted by various groups in our networks such as fish farming, bio-gas and charcoal briquettes making from available and waste materials, leather sandals, piggery, poultry, mushroom growing, chicken hatcheries and others. Rural Mother At Risk-Africa as a primary beneficiary has reached a total number of 200 unprivileged rural women. Many youth groups have been formed through training of 50 youths per clinic and are involved in aggro businesses, value chains addition, such as packaging and branding of hot paper, coffee, honey, hydration of assorted fruits, and extraction of eucalyptus oil among others. Record keeping has helped them to evaluate businesses. Through our Savings and Credit Cooperative Organization (SACCO) we help members to access finances to increase production and recruit more people. By so doing all available resources are optimally utilized for sustainable rural developed.
Financial sustainability plan: How is this initiative financially supported? How will you ensure its financial sustainability long-term?
The initiative is fully supported by the organization funds (100%) raised from membership fees (10%), dividends from our Savings and Credit Cooperative Organization (20), profits from our business demonstration projects (50) and regular remittances from businesses we start for members (20). The above scheme ensures long term financial sustainability to our initiative.
Unique value proposition: What makes your initiative innovative? How does your project differ from other organizations working in the same field?
We holistically provide tailor-made, inclusive businesses for sustainable rural development. We build confidence and competence to start and run a business for better quality of life right from students in the vacation and thereafter.
Founding story: Share a story about the "Aha!" moment that sparked the beginning of this initiative.
Uganda Network of Businesses (UNB) is a Membership Business Organization (MBO) that promotes job creation through establishment, growth and sustenance of businesses for inclusive sustainable economic growth and development founded by practicing business persons that are ready to mobilize, share and motivate individuals to engage in businesses. With many challenges and shortcomings, we have had things happen. With achieved success so far we congratulate ourselves for moving towards a positive direction and we are confident that our participation in change maker is timely for us to move further.
Where did you hear about the Nestlé Creating Shared Value Prize?
Upon recommendation from others