Please describe how your project has been successful and how that success is measured
In the initial phase of our project we have met the following positive progresses:
1. Community Engagement: In partnership with ‘Youth in Sustainable Development’ project of USSHA Foundation, our project has been able to initiate the bio-dynamic farming and fish-farming cooperatives in Rivan Village since September 2010. These cooperatives have started their productions which Bazaar will be marketing. Besides, we are also exploring other communities from where sustainable products can be brought to the market.
2. Customers flow: Since the formal launching of Bazaar in November 2010, we are receiving satisfactory flow of customers. We are having around 15 to 20 visitors per day in average. We are also conducting a market research to study the level of understanding and status of our potential customers regarding the sustainable products.
3. Funding support: After initiating Bazaar we have been successful to receive hybrid fund support of Euro 30,000.00 from ACACIA, Basel and GLS Foundation, Germany. This support has helped us a lot to strengthen our financial base to meet our objectives.
4. Partnerships: We have also been able to establish partnership with various local NGOs like Annapurna Area Conservation Project (ACAP), producers groups like Fair-Trade Group (FTG), Nepal etc.
We will measure achievements of our project in two levels: (I) Market performance, and (II) returns to its developmental missions.
The indicators of market performance of the project are number of costumers visiting our store per week, total number of community producers, cooperatives etc. we partnered with, sales per week etc. The indicators of returns to its development missions are number of people directly or indirectly employed by the project, number of products and product categories bearing sustainability values, initiatives towards conversion of normal producers into sustainable productions etc. We monitor and evaluate these indicators by tracking our weekly sales/purchase reports, list of products suppliers, interactions with stakeholders etc. and prepare progress reports every six months of operation. These progresses made are included in the sustainability report prepared at the end of each fiscal year.
How will your project evolve over the next three years?
Over the next three years our project will evolve with venturing into more products line and community producers from around Nepal. At the moment we are directly working with one community i.e. Rivan and few other producer groups like Fair-Trade Group of Nepal and Women Skill Development Project. We also plan to reach around 5 different communities and more than 15 producer groups/cooperatives. We will open 2 additional stores in other cities of Nepal. This would help us to increase our customer base while creating wider market opportunities to community producers and easy access of sustainable products to customers of other areas. We also expect to extend our networks with like-minded stakeholders to establish our mission of promoting sustainable products to middle class families.