Confidentiality Agreement

The under signed reader acknowledge that information provided by kenenisashoe

provider business plan is confidential.as a result the agrees not disclose without the

owners.

Signature………………………………………………

Name ………………………………………………

Date …………………………………………………….

The business we are going to establish is called Kenenisa shoe. The business is going

to be setted around Adama, Ethiopia. Kenenisa shoe will staring its operation in

February- 3- 2016. For more information about Kenenisa Shoe Company please

contact Mr Yasin Jemal (Chief executive Manager of company).

Tel: +251 910 734 147

E-mail: kenenisashoe@g-mail.com

The company logo

kenenisa Shoe

1
Table of Contents
Executive Summary ............................................................................................................................. 4
Section one ............................................................................................................................................ 7
1. Description of the venture .......................................................................................................... 7
1.1 Mission statement ...................................................................................................................... 7

1.2 Objectives. ................................................................................................................................... 7

1.3 The Venture Products. ............................................................................................................... 7

1.4 Background of the entrepreneurs. ........................................................................................... 8

1.5 Office Equipment’s .................................................................................................................... 8

Section two ............................................................................................................................................ 9
2. Industry analysis .............................................................................................................................. 9
2.1 Overall market ............................................................................................................................ 9
2.2 Specific market ......................................................................................................................... 10
2.3 Competitor Analysis ............................................................................................................... 11

2.4 Macro-environmental influences ........................................................................................... 12

Section Three....................................................................................................................................... 13

3. Development and Production ...................................................................................................... 13

3. 1 Production process.................................................................................................................. 13
4.2 Resource requirement.............................................................................................................. 14
4. Marketing plan ....................................................................................................................... 17
4.1 Marketing strategy ................................................................................................................... 17

4.1.1 Distribution technique.......................................................................................................... 17

4.1.2 Pricing strategy...................................................................................................................... 17

4.1.3 Advertisement and promotion strategies .......................................................................... 18

4.14 Sales forecast ....................................................................................................................... 18

Table 6 .............................................................................................................................................. 18
5. Organizational plan ................................................................................................................... 19

5.1 Organizational structure ......................................................................................................... 19

2
Section Six ........................................................................................................................................... 20

6.1 Financial statement .................................................................................................................. 20

6.2 Financial resource .................................................................................................................... 22

6.3 Financial strategy ..................................................................................................................... 22
7. Assessment of risk and contingencies ..................................................................................... 23
8. Scheduling and milestone ......................................................................................................... 23

9. Appendixes ................................................................................................................................. 23

List of Table

No of table Page

1. Table of Raw materials and inputs……………………………………………14

2. Table of Utilities and Budget annually………………………………….....15

3. Table of Machinery and Equipment’s……………………………………...15

4. Table of human requirement………………………………………………..16

5. Table of sales forecast…………………………………………………………………..18

6. Table of Projection profit and loss statement / Income statement……20-21

7. Table of Projected cash flow………………………………………………..21

8. Table of Projection balance sheet …………………………………………..22

3
Executive Summary
Since our venture manufacturing , kenenisa shoes is a business enterprise which produce a

men shoes (an outer covering for your foot that usually has a stiff bottom part called a sole

with a thicker part called a heel attached to it and upper part that covers part or all of the top

of your foot ) and Upper part that covers or all of the top of your foot is produced from a

leather products and the sole of the shoes is produced from a tyre (a rubber cushion that fits

around a wheel) product .Why we interested in this product is the demand for shoes

product is increasing from time to time and the product enter into market has low durability

and quality. Through this innovative product we are going to get a high market share, fair

profit and continue to exist in the market and contribute to the leather product industry.

Since our venture manufacturing is organized by six professionals with a business

background, we will in a better position to succeed.

The number of participants in the shoes producing industry is increasing from time to time.

Specially, the number of Micro Enterprise producing leather product is surprisingly

increasing. However, these Small Micro Enterprises are not efficient and competitor in the

market because they have lack of capital, market place and good management. The big

producers of this product in the market are ANBESA SHOE, PEACOCK, and BETELEHEM

etc. Since these big producers of shoes are located in Addis Ababa and their main focus is in

the foreign market and also our business is located in Adama they can’t be our competitors.

The Leather shoe is an outer covering for the foot with a stiff sole and usually not reaching

above the ankle. Leather shoes can be man-made synthetic type or natural leather shoes. The

natural leather shoes have a superior aesthetic quality due to its softness and light weight.

The project is resources based and aimed at delivering better aesthetic quality leather shoes

and ultimately such shoes substitute imports.

Before the establishment of Kenenisa shoes producing business enterprise we was looked for

the market, demand, supply, raw material and So on for six month then we establish this

business venture . The raw materials required for manufacturing of leather shoes are upper

leather, lining leather, insoles, sewing thread, eyelets, tacks, adhesive, PVC soles, etc. The

raw materials and related inputs required for the envisaged plant are locally available. The

4
product that we are going to produce is to be examined and its prototype is also done

started from the purchase of raw materials up to its actual sale.

The shoes produced locally is unable to balance the demand so the country is obliged to

import the shoes product and this product has lack of durability and quality as a result the

consumers are obliged to additional cost we will hope to minimize this problem and

successfully penetrate the market by using the problem as good opportunity and set

minimum price and new design. Strategically, we plan to increase manufacturing business

enterprise to share company and then diversify our product and coming with new design

additionally sell our product to foreign market and becoming branded shoe producers.

When our company established it requires Birr 2,711,961.6 as start up. Start up capital is

subjected cost like raw materials, machinery, office equipment, human capital, rent, utilities,

and training requirement cost. The sources of financial requirements are from family,

relatives and crowd funding websites. The profit we get from this business in the first year

of production is 15,784,429.96 and the fifth year of production is 26,045,774.38. The Kenenisa

shoes producing enterprise is organized consisting five departments with one general

manager (chief executive manager) and management departments which have different

responsibilities. It’s a partnership form of organization and organized by six economists in

2015. All partners will take the, management and leading role in the organization and

involve in the administration of the day to day affairs of the business. The partners will

share the profit according to pre agreed and its contribution. All partners have a theoretical

knowledge on management and business concept and also they have an experience on

different trade activities.

5
6
 Section one

1. Description of the venture

Under this section we should be describe about our venture in the detail and this

section makes our business plan meaning full and easy to understand .

1.1 Mission statement

The purpose of our business is to raising profit and creates our own business and

also satisfying our customers by producing new and durable product with a fair

price. Our business is targeted to customers who live around the main industrial

area, such as Addis Ababa, Adama, and Bishoftu this makes us advantageous to

extract the market.

1.2 Objectives.
The main objectives of our venture manufacturing is creating the organization, to be

sustainable in the business, and increasing profitability. We have a short term and

long term goals. Our short term goal is producing the product and reaching to our

customer with new products and also advertise our product using different social

media, banners, and exhibition (bazaars ) and also sell our product using

Alibaba.com. This raises our sales and this result in increasing the profitability of our

enterprise. We also have a long term goal we gone to achieve such as merging with

small business enterprise and other venture manufacturing enterprises participated

in producing leather and shoes product and this makes our company competitive,

profitability, and then turns to export our product to a foreign countries.

1.3 The Venture Products.

When a new business enterprise is organized it must be come with new products or

addition to the existing one to avoid or reduce competence comes from big

companies that produce a substituted products. A Kenenisa shoe producing

enterprise is comes with new products this makes it differ from its competent firms.
We also sales our product with fair price to satisfied our customer and being

competitive with our competitors.

To recap, our aim are giving our customers new, durable, and fashioned products

and then increasing the loyalty of our product.

1.4 Background of the entrepreneurs.

Mr Yasin Jamal the co-founder and executive managers of the enterprise, he is 24

years old and graduated from Addis Ababa university in economics and also he is

experienced in the whole and retail sales shop from 2006-10. He is interested with

reading different books like fiction, philosophy, psychology, and also interested in

discussing with his friends speacialy ideas related with business. Mr Tola Daniel, Mr

Temesegen. D, Mr Shewaferaw. S, Zelalem.T, Nugus.G. All are also the co-founder

of kenenisa shoes producing enterprise. They are also taking their BA in econonics

from Addis Ababa University. As they are the member of managing department

they are delegated to take management training in specific responsibility area.

1.5 Office Equipment’s

The office equipment required to run our business are computers, chair, table, and

mat. The total cost office equipment is around birr 47,500.

8
 Section two

2. Industry analysis

2.1 Overall market

The country`s demand for leather shoe is satisfied both from local production and

imports. Ethiopia also exports a substantial amount of leather shoes to the

international market.

Domestic production of leather shoe in the past eleven years has been fluctuating

from year to year but a slight growth was starting from year 2007. The lowest

production was 846 thousand pairs in the year 2003 and the highest about 1.75

million pairs in the year 2007--2008. In the remaining years it was fluctuating

between the two extremes. Import of leather shoe during 2007--2011 has generally

shown a declining trend. The yearly average level of import which was about 1.9

million pairs during the period 2001--2006 has sharply declined to a yearly average

level of 363 thousand during the recent four years of 2007-2011. Compared to the

previous yearly averages it has decreased by about 80%. Unlike imports, export of

leather shoe has generally shown an increasing trend.

During the initial years of the data set, i.e. year 2001/02, the exported quantity was

only 7 thousand pairs. During the period 2003--2005 the yearly average exported

quantity increased to 48 thousand pairs. This is almost seven fold higher compared

to the previous two years average.

A substantial growth of import is registered during the recent five years of 2007--

2011, although there were some fluctuations from year to year. During this period

the yearly average quantity exported has reached to about 463 thousand pairs.

Compared to the preceding three years average it is higher by more than 865% or

about nine fold. This tremendous increase is believed to be due to the existence of a

wide global market and the special attention given by the government for the export

sector. To arrive at the present demand for the domestic and export market the

9
following assumptions are used. - Recent three years` average of domestic

production plus import and minus export is assumed to reflect the effective demand

for the year 2011. Hence, the effective domestic demand for the year 2011 is

estimated at 1.154 million (domestic production of 1.33 million pairs plus import of

284 thousand pairs minus export of 460 thousand pairs).

To arrive at the present (year 2012) effective demand a 5% growth rate is applied by

taking year 2011 estimated demand as a base. Accordingly, current (year 2012)

domestic effective demand for leather shoe is estimated at 1.212 million pairs. For

the export market, the recent three years average performance, which is 460

thousand pairs, is taken as the export level for the year 2011 and then a 15% annual

average growth rate, which is much below the observed trend in the past, is then

applied to arrive at the year 2012 export demand. Accordingly, current (year 2012)

export effective demand for leather shoe is estimated at 529 thousand pairs.

Now the demand for leather product in local market is increasing. We are going to

share from the growing demand for leather product especially for shoes product in

both domestic and foreign market.

To recap, the growing demand increase our sales, profit, and contribute for the rate

of growth of the economy.

2.2 Specific market

The demand for leather shoes depends on the level of incomes and population

growth rates. Moreover, the product’s superior aesthetics quality feature will have a

positive effect on the level of demand. Because such a product is high valued type,

major consumers are expected to be urban dwellers and some among the rural

society. Considering the above factors demand for local consumption is assumed to

increase by 5% and that of export by 15%.The unsatisfied demand for leather shoe,

both in the domestic and export market is projected to increase from 453 thousand

pairs in the year 2013 to 1.420 million pairs and 2.686 million pairs in the year 2018

and 2022, respectively.

10
The place our product produced is Adama and we prefer Adama because of many

reason such the house rent is less than Addis Ababa and also nearest city to Addis

Ababa. We also have sales and distributions shop in Adama, Bishoftu, and Addis

Ababa we prefer this area because of the main industry area of country and also our

customers are people live in this area. They income is mainly from government

organization, plc, agriculture, and trade activities. After reaching to our customers

live in this area we are planned to distribute other part of the country as well as

foreign market.

2.3 Competitor Analysis

The potential shoe manufacturers in Ethiopia are Anbesa Shoes Share company,

Ethio-lather Cluster, Gelila Shoe Factory, Gamba Shoe Trading &Industry, Jamica

Shoe Factory, Kangro Shoe Factory, MeleseTeka Shoe Factory, Peacock Shoe Factory,

Ramsie Shoe Factory, Pu Pvc Leather Shoe and Sole Factory, Ras Dashen Shoe

Factory, Tikur Abay Shoe s/c, Wallia Shoe Factory, Park Shoe & Leather Product etc.

They produce different product such as military shoe, gentlemen shoe, ladies shoe,

children shoe, etc. They sell their product both in local and foreign market. The

average producing capacity of Ethiopian shoe manufacturers are 8 million pairs and

the number of employees worked in these factories is 4000.

The SWOT analysis of leather manufacturer is as follow: strength easily trained

labour, considerable resource base. Weaknesses: lack of skilled man power in leather

technology, market intelligence, etc. lack of high technology, lack of waste treatment

plants, low productivity, efficiency. Opportunities: investment opportunity, priority

sector well recognized by government, hides & skin, leather& leather products

highly significant in the global trade, confidence of international development

partners (ITC, UNIDO, USAID, CDE, CFC, DTZ, etc). Threats: shortage raw

materials, lack of organized supply collection system and high costs of

environmental control.

11
2.4 Macro-environmental influences
Our venture uses PEST analysis. The political effect on our business enterprise is

both negative and positive effects. The positive effect is government encourage

business enterprise specially leather product industry. However, there is also

discouragement from government side such as late allowance of trade licence and

lack of good governance. Economically, our product is efficient because it uses raw

material and man power from local market and contributes to country by reducing

unemployment and generates foreign currency. Kenenisa shoe use the recent

technology available in the country and come with new design and fashioned

product. The customers use our product is live in densely populated and industrial

area. This makes our business enterprise profitable and advantageous.

12
 Section Three

3. Development and Production

3. 1 Production process
Our Shoe manufacturing company has mainly four departments in which a

progressive route is followed for producing finished shoes. These are clicking or

cutting department, closing or machining department, lasting & making

departments, finishing department and the shoe room.

Step one clicking or cutting department

In this department, the top part of the shoe or the upper is made. The clicking

operative is given skins of leather, mostly cow leather but not restricted to this type

of leather. Using metal strips knives, the worker cuts out pieces of various shapes

that will take the form of “uppers”. This operation needs a high level of skill as the

expensive leather has to be wasted at the minimum level possible. Leather may also

have various defects on the surface such as barbed wire scratches which needs to be

avoided, so that they are not used for the uppers.

Step two closing or machining department

Here the component pieces are sewn together by highly skilled machinist so as to

produce the completed upper. The work is divided in stages. In early stages, the

pieces are sewn together on the flat machine. In the later stages, when the upper is

no longer flat and has become three dimensional, the machine called post machine is

used. The sewing surface of the machine elevated on a post to enable the operative

to sew the three dimensional upper. Various edge treatments are also done onto the

leather for giving an attractive look to the finished upper. At this stage only, the

eyelets are also inserted in order to accommodate the laces in the finished shoes.

13
 Step three lasting and making department

The completed uppers are molded into a shape of foot with the help of a “last”. Last

is a plastic shape that simulates the foot shape. It is later removed from the finished

shoe to be used further in making other shoes. Firstly, an insole to the bottom of the

last is attached. It is only a temporary attachment. Sometimes, mostly when welted

shoes are manufactured, the insole has a rib attached to it’s under edge. The upper is

stretched and molded over the last and attached to the insole rib. After the

procedure completes, a “lasted shoe” is obtained.

Step four finishing department and the shoe room

The finishing of shoe depends on the material used for making it. If made of leather,

the sole edge and heel are trimmed and buffed to give a smooth finish. To give them

an attractive finish and to ensure that the edge is waterproof, they are stained,

polished and waxed. The bottom of the sole is often lightly buffed, stained and

polished and different types of patterns are marked on the surface to give it a craft

finished look.

A “finished shoes “has now been made. From show room operation, an internal

sock is fitted into shoe which can be of any length-full, half or quarter.

They usually have the manufacturer’s details or a brand name wherever applicable.

Depending on the materials used for the uppers, they are then cleaned, polished and

sprayed. Laces and any tags that might have to be attached to the shoes, such as

shoes, at last, get packaged in boxes.

4.2 Resource requirement

Table of Raw materials and inputs

Table 1

Item Raw material Quantity in Price per Total cost Source of

m2/pairs/pieces m2/pairs/pieces suppliers

14
1 Upper leather 10800m2 15.85 171,180.00 Local market

2 Lining leather 13500m2 10.91 147,285.00 Local market

3 Insole 4500m2 16 72,000.00 Local market

4 Rubber sole 90000 pairs 20.6 1,854,000.00 Import

5 Eyelets 90000 pieces 0.1 9,000.00 Local market

6 Shoe cartons 90000 pieces 1.50 135,000.00 Local market

Total 2,388,465.00

2. Utilities and Budget annually

Table 2

Item Utilities Measurement Yearly Unit price Total cost Birr

unit consumption Birr

1 Water M3 150 2.5/ M3 375

2 Electric power KWH 1000 0.4736/ KWH 473.6

Total - - - - 846.6

3. Machinery and Equipment’s

Table 3

Item Fixed asset Required units Unit cost birr Total cost birr

1 Leather sewing machines 2 1,100 2,200

2 Skiving machines 1 1,500 1,500

3 Post bed single needle 1 1,000 1,000

4 Single needle flat bed 1 1,050 1,050

5 Zig zig machine 1 1,000 1,000

Total 6 5,650 6,750

15
 4. Human resource requirement

Table of human requirement

Table 4

No Authority No persons Monthly salary Annual salary

required (birr) per person (birr)

1 General manager 1 2,200 26,400

2 Secretary 1 900 10,800

3 Administration & 1 1,500 18,000

finance

4 Operatory 6 1,200 86,400

5 Cashier 1 600 7,200

6 Store keeper 1 800 9,600

7 Security 3 600 54,000

Total 14 7,800 212,400

16
 Section four

4. Marketing plan

4.1 Marketing strategy

In order to attain or achieved its goal and objectives our business enterprise set well-

structured marketing strategies. The main objectives of our business enterprise is

being profitable and sustained in the business for a long time and merge our

enterprise with other enterprise producing similar or substituted product and then

makes our business enterprise a big share company. In order to achieve this and

other objectives our business enterprise uses extensive advertisement, psychological

promotion, seasoned discount, loyal brand, social media and websites, exhibition

and bazars, different grants, word of mouth, photo, flayer, paper and banners.

4.1.1 Distribution technique

Our product is distributed to different part of the country and mainly our

distribution is focused on the city located between Adama and Addis Ababa. Our

product place is Adama and we distributed our product to cities between Adama

and Addis Ababa and we have three main branch of distribution (whole and retail

sales shop in Adama, Bishoftu, and Addis Ababa) we distributed our products from

this three main and branch shops to different part of the country. Because of Adama-

Addis high way the time and the cost of distribution is low and reached on time to

the customers.

4.1.2 Pricing strategy

There are different manufacturing industries which produce leather shoe for the

domestic and export market. The price for leather shoes; among others, depends on

the aesthetics quality, comfort and durability of the product. The prices for locally

consumed types are not as high as compared to the export quality and in the retail

markets it ranges from Birr 250 to Birr 450 and averaged to Birr 350. The market

prices for export quality in some shops also range from Birr 400 to Birr 800 and the

17
 average is Birr 600. Assuming the envisaged project to produce both for the

domestic and export market and allowing 40 % profit margin for distributors and

retailers the recommended factory gate price is as follows.

Leather Shoe for the domestic market………….Birr 300; and

Leather Shoe for the export market……………..Birr 428.

4.1.3 Advertisement and promotion strategies

Our business enterprise use different techniques of promotion and advertisement

such as social media (Facebook, Twitter, Tango, and so on), Alibaba.com, websites,

banners, paper or photo, loyal brand, radio, TV channels, exhibition centre and

bazaar, and so on. As the production begun other method or techniques of

promotion will also employed. Such as, word of mouth, discount, and so on.

4.14 Sales forecast

Table of sales forecast

Table 5
Year Pairs of Quantity Unit price at Unit price at export Revenue

Shoes produced home market (30%) after year 3

per year market

1 1 90,000 300 - 27,000,000

2 1 100,000 300 - 30,000,000

3 1 110,000 300 428 37,224,000

4 1 120,000 300 428 40,608,000

5 1 130,000 300 428 43,992,000

18
 Section five

5. Organizational plan
Kenenisa shoe is a partnership form of business enterprise established by six

economics professionals. Each partner has its own responsibility and necessary

authorities. The enterprise has five departments in which each department has its

own managers.

5.1 Organizational structure

Chief Executive Manager

Mr Yasin Jemal

Production Financial and Human Marketing Store

Manager sales man Resource manager manager
manager Ato Ato Zelalem Ato Negus
Ato Temesgen Ato Shewaferaw S.
Tola D. T. G
D.

The
management
teams of a
company

19
 Section Six
6. Financial plan

6.1 Financial statement

6.1.1 Projection profit and loss statement / Income statement

Table 6

2016 2017 2018 2019 2020

Monthly Quarterly Quarterly Annual Annual

Sales 2,250,000 7,500,000 9,306,000 40,608,000 43,992,000

Cost of 199,038.75 663,462.5 729,808.75 3,184,620 3,450,005

goods sold

Gross profit 2,050,961.25 6,836,537.5 8,576,191.2 37,423,380 40,541,995

Operating expenses

Wages and 17,700 59,000 64,900 283,200 306,800

salary expense

Rent expense 3,000 9,000 12,000 48,000 60,000

Utility 70.55 235.165 258.6825 1128.8 1222.86

expense

Advertising 10,000 10,000 7,000 5,000 5,000

expense

Depreciation 1050 1050 1050 1050 1050

expense(machi

nery)

Miscellaneous 5,625 18,750 20,625 90,000 97,500

expense

Total operating 37,445.55 98,035.165 105,833.6825 428,378.8 471,572.86

20
expanses

Earnings 2,013,515.70 6,738,502.335 8,470,357.567 36,995,001.2 40,070,422.12

before tax

Tax 708,275.70 2,363,876.442 2,966,737.5 12,948,250.42 14,024,647.74

Net income 1,305,240 4,374,625.893 22,038,627.18 24,046,750.8 26,045,774.38

6.1.2 Projected cash flow

Table 7

Projection cash flow

2016, monthly

Cash collection

Cash sale 2,250,000

Total cash collection 2,250,000

Cash disbursement

Investment expense 67,500

Operating expense 37,445.55

Cost of goods sold 199,038.75

.
Total cash disbursement 303,984.3

Net cash flow 1,946,015.7

Beginning cash balance 16,489.45

Cash balance 1,929,526.25

21
 6.1.3 Projection balance sheet

Table 8

Projection cash flow

2016, monthly

Cash 1,949,526.25

Inventories 199,038.75

Total current asset 2,128,565

Long term asset 212,400

Capital Investment 47,500

Total asset 2,388,465

Liability and capital

Current liability 0

Total liability 0

Capital 2,388,465

Total liability and capital 2,388,465

6.2 Financial resource

Our venture start-up costs are 2,711,961.6 and we got this money from our family,

crowd funding websites such as Indiegogo and Kickstarter, and relatives and this

makes our venture free from risk of interest rate and increase the profitability of our

business.

6.3 Financial strategy

The source of finance to operate this business are gotten from our family and

relatives and our venture will planned to merge with other similar shoe producers

and then the capacity of our ventures will increase and also aimed to get additional

source of finance by continuing operation. Our venture will have internal control

22
and monitoring system and also uses trained professionals to run the management

department efficiently and reduce risk of mismanagemnt.

7. Assessment of risk and contingencies

Unfortunately, there may be a failure in the business because of failure to produce

the product, problems with supplies and distribution, difficulties in raising

additional capital. However, good business plan have plan B or C for such

difficulties and we also have such a plan B or C. We have a plan B or C for

difficulties mentioned above such as good coordination of the management group ,

using social media to advertise our product ,developing our organization to share

company by merging with other small business enterprise and microfinance

enterprise .To recap, selling and distributing the product in our main and branch

whole and retail sales shop

8. Scheduling and milestone

After the completion of the organizing a business in feburary,2016 the next step will

be the completion of production facilities, offices and its equipment and retail space

then ordering of supplies (equipment plantation) and production materials (raw

materials). Then the next work will be beginning the production, search of orders

and make sales and collect payment according to their respective order.

9. Appendixes
1. Photograph of product

23
2. Sales and profitability for cast annually

No Sales in Price per Cost per Total cost Per unit Total profit

unit unit unit profit

1 90,000 300 120.97 10,887,773.44 179.03 16,112,226.56

3. The total demand for shoe was growing at a rate of 5% in local market according

to data collected in 2011. The total demand for shoe in 2012 was 1,212,000 in local

market and the total demand for shoe in 2015 is 1,454,400 in local market and the

total supply is 1,330,000 and we will use this gap or inequality between supply and

demand as opportunity.

4. Price lists

Selling price Selling price for Selling price for Selling price for

student at discount holidays at customers order

(20%) discount (15%) more than 1000

pair (30%)

300 Birr 240 Birr 255 Birr 210 Birr

6. Fixed resource acquisition period

No Machinery Quantity Acquisition period

1 Leather sewing machine 2 2016

2 Skiving machines 1 2016

3 Post bed single needle 1 2016

4 Single needle flat bed 1 2016

5 Zig Zig machines 1 2016

24
 6 Computers 6 2016

7 Furniture 18 2016

8 Mat 100 M2 2016

7. Founder of the organization

1. Yasin Jemal Executive Manager

2. Temesgen Demis Production Manager

3. Tola Daniel Salesman and financial Manger

4. Zelalem Taye Human Resource Manager

5. Negus Girma Store Manager

6. Shewefarew Shitahun Marketing Manager

25