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Tertiary Co-Operative Project

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    To develop local communities within the Free State Province To involve woman & youth groups skills development To fight against unemployment Poverty alleviation Business sustainability Leadership development/Entrepreneurial Access to market Access to finance Reliable supply to the market

    The Cooperative has been in existence since end of 2015.  The business is 100% wholly owned black company, all members before the creation of the Co-operative were custom-feeders at Sernick Bonsmara feedlot. 

    The purpose of this summary is to assist Farming Tertiary Cooperative Ltd to raise capital in the form of a loan/investment from investors for establishment of cattle feedlot and wholesale meat market facilities.

    The Cooperative has a total of seven (07) members consisting of both males and females ranging between ages 23 and 55 years.  Over the 2 years, they received experiential training on farming which assisted them to incorporate agricultural information with practical production for food security. The new venture will also provide basic agricultural training courses and/or activities designed to assist them for successful operation and management of the Cooperative. Access to technical, financial and managerial instruments to assists in the successful running of the business.

    •To facilitate and empower emerging farmers, especially women and youth in commonage areas, LRAD and rural farms. •To improve Co-Operative members social and economic wellbeing through utilizing market opportunities on a sustainable basis. •To identify potential farmers who have entrepreneurship qualities, who can lead both primary and secondary co-ops.  •Passion for business alone does not guarantee success but an entrepreneurial spirit will.

    •Our experience indicates, that low volumes of quality products are available among Co-Operatives, •And access to market is among the main challenges to upcoming farmers. •Low literacy levels and a lack of access to markets, technology and resources are among the contributing factors that may have led to the failure of Co-Operatives in South Africa. •Load sheading & Electricity price hikes •Water availability •Access to funding •Literacy level & Lack of technical knowledge •Age of the farmer •Friction/resentment among Co-Operative members •Stealing of livestock •Undermining /Distrust leadership or lack of real leadership