Empowering Acholi Youth Entrepreneurs: Funding Opportunities

November 1, 2023by Alex Agaba0

The Acholi Region Business Symposium held at Gudie Leisure Farm was not just a platform for knowledge sharing and inspiration; it was also an opportunity for some of the region’s ambitious youth to showcase their entrepreneurial endeavors and seek funding from potential investors. Here are some promising business ventures presented by these young entrepreneurs:

 

1. Milly Blessing Agenorwot

 

Business: Supply of Soya Beans
Projections: Harvesting from 2.5 hectares of Soya beans
Funding Request: UGX 1,650,000
Return on Investment: 20% interest in one season

Milly Blessing Agenorwot
Milly Blessing Agenorwot, Cereal Cottage
 

Okello Nelson
Okello Nelson, Tubers Cottage
 

2. Oola Steward

Business: Cassava Flour Processing
Opportunity: High demand for cassava and maize flour in Ayitakonyakiting village
Funding Request: UGX 10,000,000 for purchasing a milling machine

 

3. Okello Nelson

Location: Nwoya Lyec Cam Cell, Kibar Ward, Purongo Town Council. Ayom PELA
Cottage: Feedmill Cottage
Products: Soya millet flour, Moringa, and Peanut Paste
Funding Request: UGX 4,500,000 for land purchase, UGX 5,000,000 for a moringa processing machine, and UGX 1,800,000 for a peanut paste processing machine
Business: Supply of Soya Beans
Projections: Harvesting from 2.5 hectares of Soya beans
Funding Request: UGX 1,650,000
Return on Investment: 20% interest in one season

Okello Nelson, Cereal Cottage
Okello Nelson, Cereal Cottage
 

Okello Regan, Water Weed Cottage
Okello Regan, Water Weed Cottage
 

4. Okello Regan

Location: Bunga PELA, Nwoya District
Business: Water Weed
Opportunity: Easy harvesting in a swampy area, high demand
Funding Request: UGX 4,000,000 for purchasing a silage chopper
Return on Investment: 10% in 5 months

 

5. Onguti Richard, Gulu City, Kanyagoga

 

Business: Artificial Insemination
Opportunity: Introduction of improved pig breeds
Funding Request: UGX 3,000,000 for semen and equipment

Onguti Richard, Piggery Cottage
Onguti Richard, Piggery Cottage
 

Kidega Emmy Kolo, Broiler Cottage
Kidega Emmy Kolo, Broiler Cottage
 

6. Kidega Emmy Kolo

Location: Gulu
Business: Broilers
Funding Request: UGX 8,000,000 for expanding the business
Return on Investment: Payable in 1 year with agreed-upon interest

 

7. Ojok David

 

Location: Koch Goma Town Council, Nwoya District
Cottage: Layers
Opportunity: Irregular supply of eggs in the community
Funding Request: UGX 4,000,000 for extending the poultry house and purchasing 500 layers
Return on Investment: Payable in 2 years with agreed-upon interest

 

Ojok David, Layers Cottage
Ojok David, Layers Cottage
 

Lamara Gloria, Cereal Cottage
Lamara Gloria, Cereal Cottage
 

8. Lamara Gloria

Location: Techo PELA, Gulu City
Business: Maize Milling
Opportunity: No milling machine in the community
Funding Request: UGX 14,000,000
Return on Investment: Payable in 2 years with agreed-upon interest

 

9. Akera Christine

 

Location: Patuda Wii-Aworanga, Gulu District
Cottage: Cuniculture
Business Name: Tina Rabbit Farm
Funding Request: UGX 10,000,000 for structures, exotic breeds, cross breeds, and rabbit food cultivation
Investment Terms: Open to discussion

Akera Christine, Rabbit Cottage
Akera Christine, Rabbit Cottage
 

Ongaya Donald, Cuniculture Cottage
Ongaya Donald, Cuniculture Cottage
 

10. Ongaya Donald

Location: Patuda-Abuga PELA, Gulu
Business Name: Donald’s Fish Farm
Opportunity: Lack of hatcheries in Gulu District
Funding Request: UGX 14,000,000 for constructing a hatchery, a generator, and 500 broodstock (parent stock)
Return on Investment: Payable in 7 months at 15% interest

 

11. Otto James

 

Location: Kibar PELA, Purongo Town Council, Nwoya District
Business Name: Kibar Organic and Agro Inputs Enterprise
Products: Orgafume and Smell Neutralizer
Funding Request: UGX 3,000,000 for increased production and packaging materials

Otto James, Animal Health Cottage
Otto James, Animal Health Cottage
 

Otema Geoffrey, Rabbit Cottage
Otema Geoffrey, Rabbit Cottage
 

12. Otema Geoffrey

Location: Purongo Sub-county, Nwoya District
Cottage: Rabbit Bistro Franchise
Opportunity: Monopoly business in rabbit bistro
Funding Request: UGX 1,500,000 for a multipurpose oven
Investment Terms: Open to discussion

 

13. Lanyero Emily

 

Location: Nwoya Ceke PELA
Cottage: Fish Bistro Franchise
Funding Request: UGX 3,100,000 for equipment and rent
Return on Investment: Payable in 1 year with a 10% interest

Lanyero Emily, Fish Cottage
Lanyero Emily, Fish Cottage
 

Aber Irene, Chicken Cottage
Aber Irene, Chicken Cottage
 

14. Aber Irene

Location: Pageya PELA, Peche Laro Division, Gulu District
Business: Baked Chicken
Opportunity: Unique with good demand
Funding Request: UGX 2,500,000 for oven, fryer, and display warmer

 

These dedicated young entrepreneurs are seeking investment for their businesses, each presenting a unique opportunity for growth and community development.

Conclusion:

These entrepreneurs are at the forefront of driving positive change in the Acholi region. Their businesses not only contribute to their personal growth but also uplift their communities by creating job opportunities and meeting local demands. Their stories are a testament to the potential for success and transformation within the Acholi region.

For investors seeking to make a meaningful impact and invest in promising enterprises, these youth-led ventures present an inspiring opportunity. Please consider these requests and be part of the Acholi region’s transformation journey.

If you’re interested in supporting any of these entrepreneurs or would like more information, please contact us:
Email: glf@gudieleisurefarm.org
Tel: +256-772-460865

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