Senegal - Ecological farm Faeda raises poultry and vegetables for the outskirts of Dakar

Already collected € 18.000
Searched budget € 18.000
Origin
SusTech4Africa Senegal 2020
Location
Niancourap-Jaxay, regio Dakar, Senegal
Theme
Landbouw & Voedingsnijverheid
Repayment period
3 years (2021-2024)
Project duration
2021

The organization 

In 2017, Ababacar Samb founded "Faeda," an ecological farm in Senegal. It aims to respond to the growing demand for poultry and vegetables. After studying natural sciences, plant agriculture and entrepreneurship, Ababacar trained in leadership and development in agriculture at the Songhai Leadership Academy in Benin. He has 6 years of experience in entrepreneurship and agricultural business development. 

 

The business project 

To raise awareness for sustainable food and provide training for young people, Ababacar decided to start farming organic broilers in 2017. The recovered waste is used to grow vegetables on the same farm.  
Faeda has two sites. The first production site covers 1,200 m² with two buildings equipped with broiler breeding equipment, good for a total production capacity of 1,200 chickens. In addition, vegetables are grown, including peppers, cucumbers, cabbage, lettuce and tomatoes. That production is rather limited, but it generates additional income that again flows to the farm. 

 

Why OVO believes in the project 

Ababacar and his team - with guidance from OVO and a student from ICHEC Brussels Management School - have been working hard in the recent years on the business model to rationalize costs and optimize net margins. The region where Faeda operates is also experiencing a socio-economic boom. 

Faeda is already well equipped with equipment and has 2 operational sites, the first of which is functional and has the necessary basic infrastructure. 
With 3 additional machines, Ababacar could significantly increase the net margin and thus repay the OVO loan.  


 
 

Requested investement 

To increase capacity and reduce production costs, Faeda is investing € 24,227 in buildings and production equipment on the first site. The farm itself coughs up € 6,227, the remaining € 18,000 is financed through a loan applied for from OVO with an interest rate of 7% and a repayment term of 3 years. 

 

Statement 

Faeda takes into account the demand of the population. With an ecological approach and by gaining the trust of the local population, the farm enjoys a good reputation and is able to gain a long-term reputation through word of mouth. 

 

Keywords: 

  • use of solar energy 
  • attention to waste disposal 
  • youth training 
  • reduction of rural exodus 


 

Responded to the following SDGs: 1,3,4,8,10,12 et15