Rabbit Raising Project - Pearl Vocational Training College

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Rabbit Raising Project - Pearl Vocational Training College

35.00

Project has 17 members -- 13 Teachers and 4 Support Staff

Project Leader is the College Principal: Peter Clever Birimuye contact +256 755017502, Email:

He will be deputized by the college Administrator, Anet  Namuddu + 256 702 803249

LOCATION: Pearl Vocational Training College, located in Tagga, NAKATOOKE Village , Kiingo Subcounty, Lwengo district.

Start Up Funds Needed: UGX 1,979,500 (USD  $550)

PROJECT DESCRIPTION: The project will involve rabbit rearing, rabbit skinning, rabbit selling as well as selling rabbit products such as urine and skins.

Rabbit Farming is a project that Pearl Vocational Training College staff wanted to implement over a year ago. They learnt the project idea from a  well-known rabbit farm in Uganda called Amil Cabral Rabbit Farm Ltd which operates in Kampala and has been able to greatly expand in just two years. As staff, we realized that the rabbit project is easy to start especially if you are in a village setting where you can plant their food or pick it from the garden, and its is a project where very few  people engage in it for commercial purposes yet the market is readily available from

1) schools doing science practical

2) hotels and big restaurants

3) foreign markets such as Rwanda which is not far from Pearl.

The project will be done at PEARL and monitored by the tutors with the support of students. It has a potential to grow hundreds of rabbits in just six months.

DESCRIBE LOCAL COMPETITION: There is no local competition for this type of business. We are breaking ground in Kiingo Subcounty. The few homes which have rabbits use them as pets and have three rabbits at most. Seriously known rabbit farmers are in Kampala yet the market is every where and we can still supply Kampala if we rear them in large numbers.

WHY THE PROJECT WILL MAKE MONEY

It will make money because its unique in our sub county and we are only 11 kilometers from Masaka town, we are also surrounded by several big schools which want these rabbits during exams and Biology lessons. Besides we are already in contact with Uhuru Serubiri and Kiwanuka John the founders of Amil Cabral who have promised to buy from us if we have big numbers and we are going to buy the starting imported breeds from them. We are sure of the market since Pearl as a college will also be buying from us, to feed parents and students especially on weekends and during parents students and tutors meetings. The nutritious values of rabbit meat are known to be far higher than chicken yet it tastes better than chicken and generates a better price than chicken and it is fed good food free from chemicals and all its products are useful and can be sold.

Cost of the Item Needed for the Project:

Building a Hutch…….

  1. Iron sheets 10 ……………………………………..   at 250,000/-
  2. Poles    50     …………………………………….        at 150,000/-
  3. Roofing poles 20……………………………….       At 100,000/-
  4. Nails……                   ……………………………….. at     51,000/-
  5. Wire mesh Katimba……………………………… .. at   36000/-
  6. Door………………………………………………………..at     70,000/
  7. Cross Breed……………………………………………..at 1,000,000/-
  8. Feeds starter and weed………………………….at      160,000/-
  9. Strings……………………………………………………….at         2500
  10. Rabbit Immunity…………………………………………at   60,000/=
  11. Transport from Kampala……………………………….at 100,000/-

TOTAL -- $550 US

INCOME

We shall buy 10  mature rabbits that will immediately give us young rabbits. We expect to have at least 40 rabbits in the first four months. Each medium sized rabbit will be sold at 50,000/- earning us a total of UGX 2,000,000/=  We  base our prices on the local demand affordability because we believe it may be hard to sell a rabbit to a local school at 100,000/  but will be affordable to buy it at 50,000/=. Then we shall also  encourage other farmers to  start rabbit farming for commercial purposes and we shall be their main suppliers so that they do not need to get imported breeds from Kampala. Once we have enough good breed rabbits then we can think of having a cooperative and we export them in big numbers. Besides, rabbits are useful in terms of selling their skins from which clothes, shoes and wallets are made. In addition their urine can be harvested and sold at a price.

TIME LINE -- It will take us only four  months to start making profits and in the fourth month after starting we project to be having at least 40 rabbits for  sale each at  50,000/= earning us about  1,000,000/= in profits each month if all other costs are deducted.

We shall earn a minimum profit of 1,000,000/= each month ($272 US)

and a minimum annually of 12,000,000/=  $3,259 US

COMMUNITY  BENEFITS -- The community will get free on site trainings on how to start rabbit rearing. We shall encourage especially women groups to come learn from us how to make money out of rabbit farming. The rabbit  urine harvested from the rabbits is used as pesticides on farms and it protects crops. Once we have several groups buying from us and starting rabbit farming we shall have hundreds of rabbits being reared in our sub county hence selling in large numbers and enjoying benefits of  selling in  big numbers to larger markets and town restaurants.

LESSONS FROM CRITICAL THINKING

We learnt the need to think through things before we believe them or start implementing them.

We learnt the need to question gods and God as we do business

We went through several dogmas and were able to appreciate them and we can now question their relevancy in our lives.

LESSONS FROM ENTREPREUR’S WORKSHOP

We learn the need to separate project from owners so that owners do not eat the profits.

We learnt the need to keep investing profits in business until it can fully make big profits.

We learnt to avoid donating project money to gods and God because a business needs people not gods to prosper.

We learnt the importance of book keeping so all our expenses and income will be fully recorded in pearl record keeping books from  the start

DISTRIBUTION OF PROFITS

  1. 40% of the profits will be reinvested back into the project at the end of each month after all costs have been deducted.
  2. 40% of the profits will be given to members as loans at an interest of 5 % each month after a grace period of one month of taking the loan. The loan should be fully paid back after 8 Months( which includes one month of Grace Period) of taking it and a member will be entitled to get another loan after making full loan re payments
  3. 20% of the profits will be shared by the members every after end of the month.
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