Week 10: Overhead Costs and Funding

For our endeavors in Sierra Leone, we need funding to supply all the necessary things we need. We need to apply for grants to actually afford our project; the implementation, distribution, and commercialization of the venture). The first grant I am going to apply for Aga Khan Foundation (AKF) which focuses on the health, education, culture, rural development, institution-building and the promotion of economic development. It is dedicated to improving living conditions and opportunities for the poor, without regard to their faith. This is a good grant to apply for because since our project is focused on getting children and families in better living conditions in terms of their healths and providing more income to people who will help make and distribute our products, it follows under the lines of the AKF.

Additionally, we can apply for the “Women and Children Portfolio” grant from the Pfizer Foundation. This foundation provides funds for initiatives that support women and children’s health. The “Women and Children Portfolio” is focused on addressing key barriers to healthcare delivery for women and children. Since 2014, the Pfizer Foundation — more specifically this grant — provides $3 million to improve health systems in Asia and Africa.

The financial charts our group made for COGS, Overhead Costs, and Projected Costs are all linked here.

COGS chart —

COST OF GOODS for 1 100g cakes
good quanitity cost per kg (USD)
cost per kg (leones)
sweet potatoes 33g 0.25 2181.82
banana 25g 0.15 1300
cornmeal 20g 0.92 8000
palm oil 25g 3.21 28000
zinc 2.5 mg 1.4 12,250
iron 8mg 13.5 118,125
Total 19.43 170,012.50
cost per cake $0.10

Overhead Costs —

Designation Monthly Pay/Cost (Le) Unit
Cost per month (Le)
Utilities 2,550,000 1 2,550,000
Employees 22137.5 2 44,275.00
Industrial Oven 8,855,000 1 8,855,000
Mixing bowl 17710 2 35420
Knife 8855 2 17710
Muffin tin 17710 10 177100
Rent 7,368,400 1 7,368,400
Total 18,839,813 19,047,905

Projection Costs —

1st half ’20 2nd half ’20 1st half ’21 2nd half ’21
Overhead Cost 114287430 114287430 114287430 114287430
Revenue 114282930 114282930 114282930 114282930
Profit 4500 4500 4500 4500

 

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