Mango Fund

One of our previous client by the name of Malaika Honey is currently running a campaign on Indiegogo to purchase and renovate their honey centre. So far we have saved $45,000USD and need a further 260,000USD, with your support you will become a benefactor of this great initiative.

The honey center through their value chain creates jobs and wealth for thousands of Ugandans without work. Beekeeping is a valuable positive environmental impact as they teach farmers to plant trees as nectar source who are actively involved when they learn how important it is to feed their bees.

The processing centre will not only provide the processing and packaging of the honey but it will a common place where farmers meet and exchange practices on beekeeping.

Your support will be highly welcomed. Please follow the link for more details.

https://www.indiegogo.com/projects/honey-center-for-ugandan-rural-beekeepers--2 #/

CLICK HERE to support Honey Center for Ugandan rural beekeepers We seek to establish a honey resource center for beekeepers to process and pack honey | Crowdfunding is a democratic way to support the fundraising needs of your community. Make a contribution today!

A great update from our Director of the Women's Entrepreneurship Initiative (Liz):

"Yesterday I received one of the best birthday gifts from one of my clients. I met with Dr. Damali and Dr. Andabati of Bethany Women's Hospital, a fertility and laparoscopic hospital in Kampala that has 50% success rates with IVF treatments (US and Europe only have 25-30%) at 1/10th of the cost that you find in Western countries. They are able to achieve this rate through a very customized approach with each client.

We met to go over a SWOT analysis, and they told me that through our sessions discussing "Accounting for the Numberphobic" and talking through strategy for their business, it saved them from purchasing a 60M UGX ($20K USD) mistake that would have severely hurt their business. They had some savings and were thinking about buying a very slick ambulance for marketing purposes, as all of their friends were suggesting that they do.

After reading "Accounting for the Numberphobic" by Dawn Fotopulos and working through their learnings with me, they realized that this purchase would actually not help the business at all, since most of their clients were not emergencies and it would end up just being parked in front of the hospital most of the time. They would have paid nearly $20K for a parking space!!! Instead, they diverted funds to a creating a children's clinic nearby that would extend their services from the women to the children they've helped bring to this world. The clinic is now close to breaking even and helping bring more patients to Bethany Hospital.

Their words - "Understanding the numbers and overcoming our numberphobia has saved our business and put it in the right direction. We related with the quotes in the front of the book - numbers used to want to make us curl up into fetal positions, which as fertility doctors, was a very accurate image. Now, we don't need an accountant to explain our statements to us and look forward to our audited statements. It's actually become like a game!"

Are you interested in Bee keeping and Apiary in general? One of Mango Fund's past clients, Malaika Honey, is conducting a beekeeping training workshop this month. For more details please reach out to them through their page or contact them by calling +256 (0) 702326202.

Financial literacy is very important to growing your business. Having your books in order and understanding how those numbers drive your business are very important to Investors. They are the keys to opening up their wallets!

Take Three Steps to Financial Literacy Stop making excuses for not understanding financial documents