Masindi Women Livelihood Support Program (MWOLIP)waste product called wax is got which shall be...

Masindi Women Livelihood Support

Program (MWOLIP)

BUSINESS PLAN

2016-2018

AUGUST 2015

Contact Person:

Akena Daniel

Safeplan Uganda

Plot 22 Kamurasi Road-

Tel: +256 362 280041

P.O Box 74, Masindi Uganda

Email: [email protected]

[email protected]

mailto:[email protected]

mailto:[email protected]

Safeplan Uganda P.O Box 74, Plot 22 Kamurasi road Masindi Uganda Email: [email protected]

Contents

1 Executive Summary ......................................................................................... 3

1.1 Organisation Description ................................................................................ 3

1.2 Mission, Goal and Objectives........................................................................... 3

1.3 Brief Product/ Service Description.................................................................... 3

1.4 Brief Funding Request .................................................................................... 3

1.5 Value Proposition .......................................................................................... 4

1.6 Product / Service Description .......................................................................... 4

1.7 Triple Bottom Line Impact .............................................................................. 4

2 Market structure .............................................................................................. 6

2.1 Market Environment ...................................................................................... 6

2.2 Target Market (Customer Analysis) .................................................................. 7

2.3 Competitor Analysis ....................................................................................... 7

3 The Organisation .............................................................................................. 8

3.1 Enterprise Structure ...................................................................................... 8

3.2 Resources .................................................................................................... 8

3.3 Partners ..................................................................................................... 10

3.4 Community Engagement .............................................................................. 11

4 Operations ..................................................................................................... 12

4.1 Operational Strategy .................................................................................... 12

4.2 Value Chain Analysis .................................................................................... 13

4.3 Marketing Strategy ...................................................................................... 13

4.4 Sales Targets .............................................................................................. 14

5 Risk Management ........................................................................................... 16

5.1 SWOT Analysis ............................................................................................ 16

5.2 Risk Analysis and Mitigation Measures ............................................................ 16

6 Appendices .................................................................................................... 18

6.1 Financial Assumptions .................................................................................. 18

6.1.1 Profit and loss forecast (Income statement forecast) ...................................... 20


1 Executive Summary

1.1 Organisation Description

Safeplan Uganda is a registered community based organisation founded by 11 members in

2011, in Masindi District with an aim of improving income, creating jobs and conserving the

environment through energy saving technology, sensitising the masses on good health and

environmental protection by keeping bee for honey production, and candle making while

empowering women to be self reliant.

1.2 Mission, Goal and Objectives

Safeplan mission is to ensure sustainable livelihood for the rural poor through improved energy

saving technology and honey production, the specific goal is to have atleast 400 self-reliant and

economically empowered women improve honey production, and tree planting by Dec 2018

while conserving the natural resources in a sustainable land and forest management practices.

1.3 Brief Product/ Service Description

Safeplan has many products but BUWOBE main product is natural organic honey with optimum

sugar content, longer shelf life, ready to taste and medicinal, the mosiquito repellant candle

products made from waste of bees wax with bright flames, sort free, non dripping with up to five

lighting hours. Other products are energy efficient saving cooking technologies like improved

cooking stoves; rocket lorena for both domestic and institutional use.

1.4 Brief Funding Request

Safeplan seeks 40,000U$ to be used for mobilization, secure inputs, train more farmers, build

the capacity of the members to effeciently manage bee farming practices, while increasing food

production and adaptating to climate change. They will also be trained in business skills,

raising awareness on environmental protection and mitigation, advocacy and expanding tree

planting exercise to other parts of Budongo and sorrounding areas.


1.5 Value Proposition

The Budongo Women honey is pure natural honey got from natural bee processes that make

honey from crops and trees in the forest. Over the years the demand of Budongo honey has

been growing especially with the small producers supplying only about 5%.

Through the Livelihood support more women will be engaged in income generating enterprise

like bee keeping as a lifetime career producing even more volumes of honey and improving the

quality everyday while growing food crops at the same time adapting to climate change.

The women are normally committed when they have activities that support their daily income

like agricultural activities to provide food and honey to supplement on family income.

BUWOBE being based in the community is well placed to mobilise, organize and implement

local initiatives that address environmental issues. The enterprise through its cluster in all

villages around the forest shall ensure that every household has at least 10 bee hives, 100

trees and an improved cooking stove as a prerequisite to ensure every household can earn

from honey production and get the benefits of smoke free cooking.

The enterprise already has a local market and support in terms of technology, efficient energy

supply for rural setting, and minimum required technical skills needed the enterprise will provide

employment indirectly to more than 20 members. Besides, honey is a local remedy for cough in

children and the mosquito repellant candles provide a health value to the people.

1.6 Product / Service Description

Natural honey is made by bees that collect nectar from natural plants, water and sugar

substances to make honey. BUWOBE honey is purely natural and organic in nature with no

chemical activities in all its processes. The bees pollinate plants through the process of insect

pollination thus increasing crop yield at the same time providing alternative earning from the

honey they make. During the process of honey harvesting, sieving from the honey combs, a

waste product called wax is got which shall be processed with citronella to make mosquito

repellent candles. This combination of product and services provide health values, income and

protects encroachment to the forest by the community. The enterprise specific aim is to ensure

effective customer management, receive feedback on both honey and candle products in terms

of quality so that the enterprise can continuously improve to attain high quality to compete in the

market.

1.7 Triple Bottom Line Impact


Social

Area Target Indicator

Community benefits

Establish one honey collection and

packaging centre by July 2016

Number of collection and

packaging centre established

Education and

occupational training

Conduct apiary training to 400

households by Dec 2018

Training in candle making 50 youths

Dec 2016

Conduct gender sensitization training

of 400 families by Dec 2017

Number of youths/women

trained candle making.

Number making candles for a

living

No of bee wax candles in the

market.

Women involvement

Train 40 women community

facilitators by Dec 2016

Increasing number of women groups

to 15 by Dec 2016

Number of women trained

Number of groups assisted

increased

Number of women leading

women in the community

Full time living occupation Employment created to 500

households by Dec 2020

Number of jobs created

Livelihood for enterprise

owners

Increasing income for enterprise

owners by 30%

Percentage increased

Environmental

Environmental impact of

the enterprise reduced

At least recycle 2000kgs of bee wax by

Dec 2016

Number of kilograms recycled

Quantity of wax sold.

Environmental training

and awareness

Conduct environmental protection

campaign 1000 families by Dec

2018

Supplying seedlings to 1000 families

by Dec 2018

Number of families trained

Risk reduction committee

created in the community

Number of families trained

Changes in community

choices and actions

Plant at least 20,000 trees by Dec

2018

At least 400 households adopt

Number of trees planted


efficient energy cooking

technologies by Dec 2018

Number of households adopt

Economic

Business plan in place

reviewed and submitted

Business plan completed by Dec

2015

Business plan reviewed and

updated every six months for three

years

Number of business plan

drafted.

Number of business plan

reviews and updates undertaken

Household incomes

improve

To improve households income by

15% annually in the next 3 years

Percentage increase

Marketing networks

established

To establish 10 marketing linkages by

Dec 2016

Number of marketing linkages

established

Business opportunities

created

Increase number of customer to 30% by

Dec 2017

Number of customers increased

Technological innovations

in place

To acquire honey processing and

packaging machine by Aug 2015

Number of machines acquired

Financial sustainability Generate revenue of 105 million

annually

Amount of sales generated

2 Market structure

2.1 Market Environment

There is still potential market for honey in Uganda which is not yet satisfied by the local

producers. With the hotels and pharmaceutical industries buying more honey, we expect

tremendous growth in the coming years. Honey product diversification shall generate more

market for honey especially through the pharmaceutical companies in Uganda and the

neighbouring Kenya. Honey is used as cough remedy and jam on bread it can be sold

anywhere, but the trend is changing to potential future markets the pharmaceuticals and

beverages companies for making medicine, sweets and drinks that make bulky purchase with

good payment.

The current producers only serve about 30% or less of the market demand. The structures are

in place to ensure stable supply like the groups in various districts who are also supported with

inputs like boxes, protective gears and trainings.


2.2 Target Market (Customer Analysis)

Our current customers are the elite young people who enjoy syrup to add to bread, leak or use

to take tablets. The second category are the mothers who purchase to mix in medicine or as

cough remedy for children and adults and finally HIV/AIDS patients love it to take ARVs. All

these people need fresh and natural honey from the honey combs with no mixture whatsoever.

They are able to buy at the price we set if they trust the originality of the honey. Local markets

mostly prefer honey in original form from the honey combs.

Our clients have various preferences like taste, authenticity of the source, expiry dates, and

consistency on the quality, well packaged honey packs, fancy containers or sachets for simple

application on bread for hotels or eating with other foods like cassava.

Our clients can be reached through local markets, hawking the product, supermarkets and

some selected grocery shops, or even delivering direct to the premises or hotels. We are also

looking at a new segment, the beverage and pharmaceutical industries starting with those

within the country who would prefer to use honey for drug coatings or even making sweets.

2.3 Competitor Analysis

Commercialisation of honey production is being undertaken by a few farmers who are

producing at group level. Although there are many groups in Uganda, they produce

approximately 30% or less of the market demands. The top three major competitors are the

Bee Natural Honey (10.2%), Bushenyi Honey (7.8%), Peptang pure African honey (5.3%). They

have been in the market for some time and have well established groups just like BUWOBE but

proper management of farmer groups can ensure high production, good quality honey and

affordable price.

The other indirect competitors like blue band butter are already established in the market.

Although the products are not the same, they serve the similar purpose and this provides an

immediate alternative for honey.

The other competitor offering similar product is the simsim and ground nuts paste which is now

commonly used in Uganda as an alternative for margarine. There are many small cottage

industries supplying simsim paste to the market though only a few can provide well packaged

product to attract high class customers.

Generally honey currently does not have many players in the market to offer high competition to

saturate the market, availability of product and product diversification is vital to for market

growth and the enterprise.


3 The Organisation

3.1 Enterprise Structure

Safeplan Uganda is a registered Community based organisation operating in Masindi District

since 2011. The organisation operates by organising groups like the Budongo women Bee

Enterprise register it as a Community Based Organisation to mobilise more members at village

level through which we deliver training, provide inputs and manage the bee farming operations.

Budongo is a fast growing enterprise with big dreams of becoming the leading producer of

honey and its products in East Africa by 2020. Safeplan has appropriate financing mechanism,

a strategic plan in place, attractive packages and bonuses to encourage more farmers to keep

bees, the acquisition of honey processing centre shall provide a collection point and training

centre for honey production at the same time sales and distribution. Safeplan is expanding its

structures to the neighbouring villages around Masindi and in the region. We target to have at

least 50 members from each village in Budongo Sub County and working together with local

and district authority to manage indiscipline amongst community members.

3.2 Resources

The enterprise is owned by qualified member’s who make regular contribution through their

shares and all other services valued to achieve the goals and objectives of the organisation.

The organization structure provides opportunity for staff recruitment who perform day to day

activities of the enterprise.

Job Titles Number of Staff

Contract Duration

Roles and responsibility. Required Qualification

Executive Director

1 24 months

Oversee all the enterprise activities.

Be administrative officer of the enterprise

Chief accounting officer of the enterprise

Any other duty as may be assigned by management

Minimum qualification Diploma in Social work or related discipline.

Finance and Asset manager

1 24 Months

Responsible for providing accountability of resources for the enterprise

Manage all the finance and Asset of the enterprise

Advice on all finance and

Minimum diploma Business administration with other accounting packages.


Asset related development for the enterprise.

Ensure proper keeping of financial records

Sales and marketing officer

1 24 Months

Ensure proper sales and distribution of the enterprise products

Provide regularly sales plan/projection to the enterprise.

Draft, plan and provide data on the market trends and advice accordingly.

Any other duties assigned by management.

Minimum qualification is diploma in sales and marketing or related discipline.

Support Staff 10 12 Months

Perform duties as stipulated and demanded by their immediate supervisors.

Shall have specific regular attachment to one or more departments.

Must be of good character and willing to learn and work

Safeplan Organisation Structure

The AGM (General Assembly) is the supreme organ of the organization mandated to make

policies for Safeplan and its initiatives like BUWOBE, Omugezi Technology Centre and election

of leaders who eventually recruit staff. The Executive Director is the head of the secretariat and

oversees the implementation of the policies decided by the AGM. Besides the core human

resource mentioned in the table before, BUWOBE will in future have designated personnel in

charge of production and human resources as indicated in the chart below.


3.3 Partners

Safeplan works with partners in various fields ranging from capacity building to skills

development and networking. All partners have clearly defined roles and responsibility to

ensure the success of the enterprise. Although some of the relationships are not yet formalised,

Safeplan is currently formalizing its operations with more partners to come on board. The

contribution of the partners cannot be underestimated since their roles are vital to the success

of the enterprise. The enterprise looks forward to creating better working relationship with

present and future partners in areas of marketing, funding, technical and advisory support.

All partners’ contribution shall have clear terms of reference to build and strengthen the

relationship between the partners and the enterprise for sustainable growth and development.

For instance Uganda Small Scale Association may sale BUWOBE products at a commission to

its members. Below is a pictorial showing the current relationships of BUWOBE.


3.4 Community Engagement

Community engagement is very vital for Safeplan, the project is for the people and by the

people therefore it shall benefit from the people. The community shall be the sole supplier of

raw material and labour force in the enterprise, provide security to the enterprise equipment’s,

and the organisation since it is located within their area. They shall provide the market for the

products, financial services, transport services; health and information services and they will

form part of the management of community disaster risk reduction committee and all key

planning activities in the area.

Churches

UIRI

NAAD

S

Hotels

NEMA NFA

UNBS

URA

Importers

of honey

Super markets

Busheny,

Arua,

Nebbii

Honey

Schools/

Colleges

Investment

partners

International Markets

New markets

pharmaceuticals beverages companies

Donors


Initiatives like BUWOBE shall provide the community with employment opportunities,

knowledge and skills through training, access to technology and improved livelihood. The

creation of community tourist site, provision health services, skills centre and other social

amenities that involve community participation.

There may be user policy for some or most of the policy or working papers drafted for

community engagement like cost sharing agreement for social service, or cost free services for

members or families as a means of building stronger ties and relationship with the community.

Community relationship mapping

4 Operations

4.1 Operational Strategy

In ensuring cost reduction and efficiency in honey production the process starts from harvesting

honey from the hives, processing, packaging and distribution. Particular skills shall be required

and additional training provided at the site for harvesting, processing and packaging of the

products for sale. In the long run the enterprise shall ensure cost reduction by eliminating all

waste in the production process that may be affecting the quality of the product by ensuring

qualified and competent staff are recruited and given good orientation. The quality assurance


team shall ensure the whole process has no delays or any activity that will affect the quality of

the product.

Market flexibility is one challenge because honey production is seasonal. This shall be handled

by mobilizing more farmers and serving a manageable market with progressive growth and

holding buffer stock to ensure all year supply of the product. More honey shall be solicited from

other honey producing group in the region and inventory control shall ensure reliable consistent

supply throughout the year.

Timeliness will be achieved by the enterprise through customizing production for particular

clients who may need special packages; Examples are religious churches who buy certain color

of candles with certain scents. To such customers we shall always deliver on time and ensure

the right quantity.

4.2 Value Chain Analysis

4.3 Marketing Strategy

Safeplan through the production groups like BUWOBE will use local network of markets,

members of the community, shop owner’s, supermarkets, hotel and pharmaceutical companies

and other network of organisations.. The major distribution channels for the product are the

shops and supermarkets that shall be supplied with the product. There shall be distribution

points or agents for honey sales either in supermarkets or selected points in major towns.

Community Honey

production

Safeplan

Staff

Partners

(Franchise/agents


The other strategy shall be to identify key areas like individuals who can sell for commission,

and also use attractive pricing plan like in the table below. Bonus, gifts and other packages to

encourage higher volume purchase

Product/service Price customers

are willing to pay

BUWOBE price Reason for setting

price.

Honey 20,000=/kg 20,000=/kg Encourage more

purchase

Bee wax 25,000=/kg 30,000=/kg Scarcity of wax

Bee hives 50,000=/box 70,000=/kg High production cost

and durability

Candle sticks 60,000=/box of

520 candles

65,000=/box The cost of wax and

production and

additives.

Charcoal

stoves

6,000=/stove 8,000=/stove Durability and

efficiency.

4.4 Sales Targets

Sales targets per product / service (Ushs)

Projected sales

2015

Projected sales

2016

Projected sales

2017

Honey 5,000,000 12,500,000 30,000,000

Candle sticks 2,500,000 10,000,000 25,000,000

Improved Charcoal

stoves 1,250,000 10,000,000 25,000,000

Seedlings - 2,500,000 12,000,000

Bee hives - 5,000,000 15,000,000

Total 8,750,000 40,000,000 107,000,000


The assumptions are:

Members are committed to honey production in Budongo and surrounding area

There is stable constant supply of honey to the enterprise

Potential Markets are available to absorb the quality and quantity products supplied

We assume not all customer categories will buy in 2016 reason low production and un

established market yet.

We assume candle sales shall grow with increased honey production and supplemented by

organic synthetic wax in the market supplied by importers.

National Forestry authority offers the enterprise more forest reserves to expand bee farming

Sales targets per customer group

Projected sales 2016 Projected sales

2017

Projected sales 2018

Young people (15-

24)

2,500,000 5,000,000 9,000,000

Adults mothers

and men

5,000,000 5,000,000 18,000,000

Beverages

company

- 12,500,000 25,000,000

Pharmaceuticals 750,000 12,500,000 30,000,000

Un categorized

(any)

1,500,000 5,000,000 25,000,000

Total 8,750,000= 40,000,000= 107,000,000=


5 Risk Management

5.1 SWOT Analysis

Strengths (internal factors)

Big member organization

Strong leadership and managerial skills

Access to technology and cheap labor

Committed members

Weaknesses (internal factors)

Member turn over

Failure to follow the guidelines leading to

reduction in production.

Poor marketing strategy and poor quality

Lack of enough experience in social

enterprise

Opportunities (external factors)

Training opportunity from affiliated members

Business network from member organization

Availability of market and tax haven for

agricultural products

Ability to access local government support.

Threats (external factors)

Change in government policy on forest and

taxation

Failure to reach agreement with local

authorities

Competition from other producers

Poor technology leading to poor quality

products.

5.2 Risk Analysis and Mitigation Measures

Risk Likelihood Impact Strategy

Fire outbreak to burn the bee hives

Likely High, All bee hive areas must be protected and belted with fence or other barriers.

Insects like termites and wasps

Highly likely Medium Treat the beehive stands or use integrated pest management.

Theft of bee hives or machines

Likely High Everybody in the community should have at least a bee site and also provide security.

Change in government policy of collaborative forest management

Likely Medium Negotiate a new mechanism for community forest management.

Bee become rowdy and stings community member or animal

Likely High Fence bee site, place warning post and keep people and animal out of reach.

Honey is rejected or banned in world market

Likely Low Insure the goods and property of the business.


Achievements to-date

Objectives/Activity Achieved Target Target date

Increase membership

Register 200 members by end of 2016

Build capacity of the registered members to manage the projects

Members mobilise fellow members to the enterprise.

80 members

registered

Preliminary training

conducted

80 boxes distributed

400 June 2018

Improve honey production

Rise honey volume from 100kg/year to 10000kg/year by 2018

Improve daily production from 10 kg/day to at least 100kg.

Employ 50 women and boys harvest and process honey

200kg/year

5 women employed

10,000kgs

50

employees

End of 2018

Establish honey collection centre

Purchase land and establish production line

Procure office and other operational equipment the honey press machine.

Complete a high value well branded product.

Nil

Machine available at small

cost to members.

1 collection

and

processing

point

June 2016

Build a strong market network with potential clients.

Identify at least 15 key potential clients by end of 2016

Create at least 2 distribution outlets by 2016

7 15 potential

clients

10 major

distribution

out let

2016

Conduct environmental activity in the sub counties

Plant 20,000 trees in the community

Increase food production by at least 30%

Build 500 domestic Lorena stoves by 2018

1,500 tree seedlings

planted from own source

Built 50 stoves in

Budongo Sub county

500 End of 2018

Empower women on leadership skills

Train at least 80% of registered members in group savings.

Train business skills and management.

Conducted 1 training

business skills and

management

6 trainings End of 2018


6 Appendices

6.1 Financial Assumptions

BALANCE SHEET FORECAST 2016, 2017 & 2018

BALANCE SHEET FORECAST 2016 2017 2018

Current assets

Cash 1,000,000 1,250,000 1,500,000 Petty cash 250,000 625,000 1,000,000 Inventory 1,250,000 1,875,000 2,000,000 Pre-paid expenses 2,500,000 4,000,000 4,000,000

Fixed assets

Leasehold

Property & land 7,500,000 12,500,000 16,500,000 Renovations/improvements 4,000,000 5,000,000 3,500,000 Furniture & fitout 2,500,000 4,000,000 3,000,000 Motorcycle 3,500,000 6,250,000 9,000,000 Equipment/tools 12,500,000 20,000,000 15,000,000 Computer equipment 4,000,000 6,250,000 6,000,000

Other machines - 10,000,000 12,000,000 Total assets 39,000,000 71,750,000 73,500,000

Current/short-term liabilities

Credit cards payable

Accounts payable 1,250,000 4,000,000 3,500,000

Interest payable 500,000 400,000

Accrued wages 1,500,000 2,500,000 3,000,000

Income tax 300,000 500,000 500,000

Other creditors 500,000 800,000

Long-term liabilities

Loans 12,500,000 6,000,000

Equity loan 7,500,000 8,000,000

Total liabilities 10,550,000 20,500,000 22,200,000

NET ASSETS 28,450,000 51,250,000 51,300,000


PROFIT AND LOSS STATEMENT 2016, 2017 & 2018

PROFIT & LOSS FORECAST 2016 2017 2018 Sales 18,750,000 30,000,000 42,500,000

less cost of goods sold 8,750,000 17,500,000 20,000,000

Other cost 1,250,000 2,500,000 5,500,000

Gross profit/net sales 8,750,000 10,000,000 17,000,000

Expenses

Accountant fees 500,000 625,000 1,200,000

Advertising & marketing 375,000 625,000 1,000,000

Bank fees & charges 125,000 125,000 150,000

Bank interest 125,000 125,000 150,000

Credit card fees - - -

Utilities (electricity, gas, water) 500,000 500,000 650,000

Telephone 500,000 500,000 600,000

Lease/loan payments - - -

Rent & rates 1,250,000 1,250,000 1,250,000

Motor cycle expenses 375,000 375,000 375,000

Repairs & maintenance 250,000 375,000 400,000

Stationery & printing 375,000 500,000 500,000

Insurance 250,000 375,000 400,000

Superannuation 500,000 500,000 1,000,000

Income tax 250,000 250,000 250,000

Wages (including PAYG) 1,000,000 1,250,000 1,500,000

Other expenses 375,000 375,000 400,000

Total expenses 6,750,000 7,750,000 9,825,000

NET PROFIT 2,000,000 2,250,000 7,175,000


6.1.1 Profit and loss forecast (Income statement forecast)

PROFIT & LOSS FORECAST 2,016 2,017 2,018

Sales 56,550,000 52,000,000 70,100,000

less cost of goods sold 47,500,000 41,544,000 56,244,000

More…

Gross profit/net sales 9,050,000 10,456,000 13,856,000

Expenses

Purchases (Stock etc) 19,400,000 17,400,000 22,500,000

Accountant fees 1,200,000 1,800,000 1,800,000

Advertising & marketing 500,000 1,350,000 1,350,000

Bank fees & charges 150,000 144,000 144,000

Interest paid - - -

Utilities (electricity, gas, water) 600,000 1,200,000 1,200,000

Telephone 1,800,000 1,800,000 1,800,000

Lease/loan payments 4,950,000 4,800,000 14,400,000

Rent & rates 1,200,000 1,200,000 1,200,000

Motor cycle expenses 600,000 600,000 600,000

Honey press machine 4,700,000 - -

Repairs & maintenance 250,000

Stationery & printing 1,000,000 600,000 600,000

Membership & affiliation fees 100,000 100,000 100,000

Licensing 250,000 250,000 250,000

Insurance - 500,000 500,000

Superannuation 3,000,000 2,000,000 2,000,000

Income tax - - -

Wages (including PAYG) 4,500,000 6,000,000 6,000,000

Miscelleanous 1,500,000 1,800,000 1,800,000

NET PROFIT 7,550,000 8,656,000 12,056,000

BUWOBE EXPECTED CASHFLOW FORECAST FOR JAN-DEC (2016, 2017 & 2018).

EXPECTED CASHFLOW [Jan-

Dec 2015] Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

OPENING BALANCE 13,000,000 9,250,000 10,875,000 8,725,000 9,350,000 8,875,000 12,500,000 20,775,000 20,450,000 23,575,000 19,100,000 23,025,000

Cash incoming

Natural sweethoney 500,000 750,000 375,000 250,000 2,000,000 2,000,000 1,800,000 1,800,000 1,500,000 2,500,000 2,500,000 2,500,000

Repellant candles 500,000 750,000 750,000 1,250,000 1,500,000 1,500,000 1,500,000 1,500,000 1,500,000 1,500,000 1,500,000 1,500,000

Beehives boxes 750,000 750,000 750,000 250,000 250,000 500,000 600,000 600,000 600,000 600,000 400,000 300,000

Seedlings - - 350,000 400,000 400,000 400,000 300,000 300,000 300,000 300,000 300,000 300,000

Improved charcoal stoves 625,000 750,000 750,000 500,000 500,000 600,000 600,000 600,000 600,000 600,000 600,000 600,000

membership contribution 250,000 - - 100,000 - - 100,000 - - 100,000 - -

Other support 250,000 - - - - - 5,000,000 - - - - -

Total incoming 2,875,000 3,000,000 2,975,000 2,750,000 4,650,000 5,000,000 9,900,000 4,800,000 4,500,000 5,600,000 5,300,000 5,200,000

Cash outgoing

Purchases (Stock etc) 4,400,000 - 3,750,000 - 3,750,000 - 3,750,000 3,750,000

Accountant fees 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000

Advertising & marketing 250,000 250,000

Bank fees & charges 12,500 12,500 12,500 12,500 12,500 12,500 12,500 12,500 12,500 12,500 12,500 12,500

Interest paid - - - - - - - - - - - -

Utilities (electricity, gas, water) 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000

Telephone 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000

Lease/loan payments 412,500 412,500 412,500 412,500 412,500 412,500 412,500 412,500 412,500 412,500 412,500 412,500

Rent & rates 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000

Motor cycle expenses 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000

Honey press machine - - - - - - - - - 4,700,000 - -

Repairs & maintenance - - - 250,000 - - - - - - - -

Stationery & printing 250,000 - - 250,000 - - 250,000 - - 250,000 - -

Membership & affiliation fees 100,000 - - - - - - - - - - -

Licensing 250,000 - - - - - - - - - - -

Insurance - - - - - - - - - - - -

Superannuation - - - - - - - - - - - 3,000,000

Income tax - - - - - - - - - - - -

Wages (including PAYG) 375,000 375,000 375,000 375,000 375,000 375,000 375,000 375,000 375,000 375,000 375,000 375,000

Miscelleanous 125,000 125,000 125,000 125,000 125,000 125,000 125,000 125,000 125,000 125,000 125,000 125,000

Total outgoing 6,625,000 1,375,000 5,125,000 2,125,000 5,125,000 1,375,000 1,625,000 5,125,000 1,375,000 10,075,000 1,375,000 4,375,000

Monthly cash balance (3,750,000) 1,625,000 (2,150,000) 625,000 (475,000) 3,625,000 8,275,000 (325,000) 3,125,000 (4,475,000) 3,925,000 825,000

CLOSING BALANCE 9,250,000 10,875,000 8,725,000 9,350,000 8,875,000 12,500,000 20,775,000 20,450,000 23,575,000 19,100,000 23,025,000 23,850,000


SAFEPLAN UGANDA EXPECTED CASHFLOW FORECAST FOR JAN-DEC 2017.

EXPECTED CASHFLOW

2017]Jan Feb Mar Apr May Jun July Aug Sept Oct Nov Dec

OPENING BALANCE 23,850,000 22,938,000 23,626,000 24,414,000 22,002,000 24,090,000 26,278,000 37,166,000 39,654,000 40,742,000 37,930,000 39,318,000

Cash incoming

Natural sweethoney 500,000 300,000 300,000 500,000 700,000 700,000 600,000 600,000 600,000 1,000,000 1,000,000 1,000,000

Repellant candles 350,000 400,000 400,000 700,000 700,000 800,000 800,000 800,000 800,000 800,000 800,000 800,000

Beehives boxes 200,000 300,000 400,000 400,000 500,000 600,000 600,000 600,000 600,000 600,000 600,000 300,000

Seedlings 50,000 - 300,000 500,000 600,000 600,000 600,000 700,000 600,000 600,000 500,000 400,000

Debtors 450,000

Inventory stock 3,500,000

Improved charcoal stoves 800,000 800,000 800,000 800,000 800,000 800,000 900,000 900,000 900,000 900,000 900,000 1,400,000

membership contribution 50,000 100,000 - - - - - 100,000 - - - -

Other support - - - - - 10,000,000 - - - - -

Total incoming 5,900,000 1,900,000 2,200,000 2,900,000 3,300,000 3,500,000 13,500,000 3,700,000 3,500,000 3,900,000 3,800,000 3,900,000

Cash outgoing

Purchases (Stock etc) 4,500,000 - - 4,000,000 - - 400,000 - - 4,000,000 - 4,500,000

Accountant fees 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000

Advertising & marketing 100,000 - - 100,000 - - 1,000,000 - - 150,000 - -


Interest paid - - - - - -

Utilities (electricity, gas, 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000

Telephone 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000

Lease/loan payments - - - - - - - - 1,200,000 1,200,000 1,200,000 1,200,000

Rent & rates 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000


Repairs & maintenance

Stationery & printing 150,000 - 200,000 - - 100,000 - - - 150,000 - -


Licensing 250,000 - - - - - - - - - - -

Insurance 500,000 - - - - - - - - - - -

Superannuation - - - - - - - - - - - 2,000,000

Income tax - - - - - -


Miscelleanous 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000

Total outgoing 6,812,000 1,212,000 1,412,000 5,312,000 1,212,000 1,312,000 2,612,000 1,212,000 2,412,000 6,712,000 2,412,000 8,912,000

Monthly cash balance (912,000) 688,000 788,000 (2,412,000) 2,088,000 2,188,000 10,888,000 2,488,000 1,088,000 (2,812,000) 1,388,000 (5,012,000)

CLOSING BALANCE 22,938,000 23,626,000 24,414,000 22,002,000 24,090,000 26,278,000 37,166,000 39,654,000 40,742,000 37,930,000 39,318,000 34,306,000


SAFEPLAN UGANDA EXPECTED CASHFLOW FORECAST FOR JAN-DEC

2018.

EXPECTED CASHFLOW

2018]Jan Feb Mar Apr May Jun July Aug Sept Oct Nov Dec

OPENING BALANCE 29,706,000 32,694,000 32,282,000 31,970,000 27,558,000 28,646,000 29,834,000 35,722,000 37,310,000 38,698,000 35,486,000 37,074,000

Cash incoming

Natural sweethoney 600,000 400,000 400,000 700,000 900,000 900,000 900,000 900,000 900,000 1,100,000 1,200,000 12,000,000

Repellant candles 350,000 400,000 400,000 700,000 700,000 800,000 800,000 800,000 800,000 800,000 800,000 800,000

Beehives boxes 200,000 300,000 400,000 400,000 500,000 600,000 600,000 600,000 600,000 600,000 600,000 300,000

Seedlings 50,000 - 300,000 500,000 600,000 600,000 600,000 700,000 600,000 600,000 500,000 400,000

Debtors 450,000

Inventory stock 3,500,000

Improved charcoal stoves 800,000 800,000 800,000 800,000 800,000 800,000 900,000 900,000 900,000 900,000 900,000 1,400,000

membership contribution 50,000 100,000 - - - - - 100,000 - - - -

Other support 5,000,000 - - - - - 10,000,000 - - - - -

Total incoming 11,000,000 2,000,000 2,300,000 3,100,000 3,500,000 3,700,000 13,800,000 4,000,000 3,800,000 4,000,000 4,000,000 14,900,000

Cash outgoing

Purchases (Stock etc) 4,500,000 - - 5,000,000 - - 4,500,000 - - 4,500,000 - 4,000,000

Accountant fees 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000

Advertising & marketing 100,000 - - 100,000 - - 1,000,000 - - 150,000 - -


Interest paid - - - - - -

Utilities (electricity, gas, 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000

Telephone 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000

Lease/loan payments 1,200,000 1,200,000 1,200,000 1,200,000 1,200,000 1,200,000 1,200,000 1,200,000 1,200,000 1,200,000 1,200,000 1,200,000

Rent & rates 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000


Repairs & maintenance

Stationery & printing 150,000 - 200,000 - - 100,000 - - - 150,000 - -


Licensing 250,000 - - - - - - - - - - -

Insurance 500,000 - - - - - - - - - - -

Superannuation - - - - - - - - - - - 2,000,000

Income tax - - - - - -


Miscelleanous 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000

Total outgoing 8,012,000 2,412,000 2,612,000 7,512,000 2,412,000 2,512,000 7,912,000 2,412,000 2,412,000 7,212,000 2,412,000 8,412,000

Monthly cash balance 2,988,000 (412,000) (312,000) (4,412,000) 1,088,000 1,188,000 5,888,000 1,588,000 1,388,000 (3,212,000) 1,588,000 6,488,000

CLOSING BALANCE 32,694,000 32,282,000 31,970,000 27,558,000 28,646,000 29,834,000 35,722,000 37,310,000 38,698,000 35,486,000 37,074,000 43,562,000

Masindi Women Livelihood Support Program (MWOLIP)waste product called wax is got which shall be...

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