Business in progress: Mbadifa, winner of the business plan contest, is growing

Thursday, January 19, 2012

According to Kiwanuka Richard Ntambi the business is moving on well. "We have had tremendous developments since December 2011 in terms of more purchases (stock), more customers and publicity - on radio and local newspapers -  and the impact is now being noticed. Actually, we have now gone into wholesale dealership since we can now buy with cash from leading importers or manufacturers of agro-inputs in the country. I have held several meetings with some executives of these companies to get their products at discounted prices since we are purchasing in bulk. Our aim is to supply to small input dealers who are close to farmers in the villages. We believe this will reduce the rampant prevalence of counterfeit products on the market because most of these small dealers are unable to travel to Kampala and purchase these products and hence resort to either buy fake product or tamper with them by dilution or change of content", so Richard Ntambi says.
 
Now the preparations for the next planting season (late February to April) are in full swing. In this period demand for inputs normally is high, so Mbadifa expects business will be vibrant then.

Richard: "The local news papers wrote a lot about Mbadifa winning the award. I have also been interviewed on radio and in talk shows where I could promote our business. The impact is positive and promising. Winning the business plan contest and the prize money has given us good business leverage, and I believe Mbadifa shall reach to greater heights."
 
Want to find out how Richard Ntambi won the challenge? Check this youtube video: www.youtube.com/watch?v=yEt70b6RBv0&feature=plcp&context=C3b96d37UDOEgsToPDskLHKyZvDKVW_UUKbF0h98sL. During the Finance Market Place in Rwenzori region (Uganda), Richard explains how he won the 'Farmers in Business Challenge 2011' and why it is important for farmer entrepreneurs to formulate professional business plans.