PROJECT PROPOSAL

I. TITLE

FARMING TOOLS AND FERTILIZER

II. PROPONENT

BUADIBAYAWA MILF FARMERS ASSOCIATION

III. FUND SOURCE

SPECIAL DEVELOPMENT FUND
IV. PROJECT COST
One Hundred Fifty Thousand (Php150,000.00)
V. PROJECT DESCRIPTION AND BENEFICIARIES

The Buadibayawa Milf Farmers Association will be establishing a business

about farming tool and fertilizer in Barangay Coloyan, Butig, Lanao del Sur. The
proposed project shall cover all Barangay in Coloyan, Butig, Lanao del Sur and
neighboring Barangay like Samer, Butig, Lanao del Sur.

VI. PROJECT OBJECTIVES

a. General

The general objectives of the association are to contribute on the

Enhancement of the socio-economic condition of the people of Mulondo, Lanao del
Sur and nearby areas to sustain and smooth implementation the peace and order in
the Brgy. and entire Municipalities of Mulondo as a whole.

VII. PROJECT MANAGEMENT AND IMPLEMENTATION PLAN

To realize the proposed project, the proponent shall seek financial assistance
from Ministry of Labor and Employment thru Bangsamoro Employment and
Entrepreneurial Development Program under Special Development Fund. The store
building to be display center is done and waiting the implementation of the project.

The implementation proper of the proposed project shall commence right after
the completion of pre-implementation activities by procuring all needed materials and
stock to be displayed in the physical store of the association.
VIII. MARKETING PLAN

We only focus on purchasing basic needs in response to the demand of the

community and selling them to our barangay. As soon as the business becomes
successful, we will expand our business to become one of the biggest suppliers of
rice in the province of Lanao del Sur.

IX. SUSTAINABILITY PLAN

The proponent has Twenty-five (25) members and hereby conducted to be

accountable of the said project. The five (5) members from the association are
responsible to manage the project – Rice Wholesale & Retailer to its daily operation
once the funds be handed or released from the Ministry of Labor and Employment
under the Special Development Fund to the association. Hence, the association will
continue to engage in research for its development plan. Also, we will undergo
training and orientation for the sustainability of the project.

X. MONITORING AND EVALUATION

The management shall submit a monthly report to the MOLE Field Office and
shall be allowed to inspect the project site either on quarterly or yearly basis and
may recommend action for consideration by the management.
XI. FINANCIAL LITERACY

a. INVENTORIES

Date of Item / Unit cost

Qty. Total Cost
purchase description
Princess
April 16 20 sacks 900.00 18,000.00
Bea@25kg
April 16 V-160 @25kg 20 sacks 880.00 17,600.00
April 16 Masipag@25kg 20 sacks 800.00 16,000.00
April 16 M-1@25kg 20 sacks 750.00 15,000.00
April 16 Jasmine@25kh 20 sacks 900.00 18,000.00
Urea Fertilizer
April 16 10 sacks 3,500.00 35,000.00
(46-0-0)
April 16 Ammonium
sulphate 10 sacks 1,500.00 15,000.00
Fertilizer
April 16 Swire Fertilizer
10 sacks 1,300.00 13,000.00
(14-14-14)
April 16 Atlas perfect
Agro (14-14- 10 sacks 2,400 24,000.00
14)
April 16 Spray 10 pcs 750.00 7,500.00
Grand Total 163,100.00

b. SUPPLIES AND EQUIPMENT.

Date of Total
Items / Description Qty. Unit Cost
Purchase Cost
April 16 Timbangan / Weighing Scale
1 pc. 2,500.00 2,500.00
@100kg
April 16 Stainless Steel Rice Scooper
1 pc. 70.00 70.00
Small size
April 16 Stainless Steel Rice Scooper
1 pc. 150.00 150.00
Large size
April 16 Plastic Cellophane Large 5 rims 140.00 700.00
April 16 Plastic Cellophane Medium 5 rims 130.00 650.00
April 16 Plastic Cellophane Small 5 rims 120.00 600.00
April 16 Plastic Cellophane Roll bag 5 rims 125.00 600.00
Grand Total 5,270.00
 c. EXPENSES

Date of Purchase Items / Description Amount

March 26 Business Permit 3,000.00
April 16 Transportation 2,000.00
April 16 Labor for Rice
1,500.00
@5.00/sack
Total 6,500.00

d. SALES

MONTHLY SALE
Description No. of Item Sold Amount
Princess Bea@25kg 20 sacks 22,000.00
V-160 @25kg 20 sacks 21,600.00
Masipag@25kg 20 sacks 20,000.00
M-1@25kg 20 sacks 19,000.00
Jasmine@25kh 20 sacks 22,000.00
Urea Fertilizer (46-0-0) 10 sacks 38,000.00
Ammonium sulphate Fertilizer 10 sacks 18,000.00
Swire Fertilizer (14-14-14) 10 sacks 16,000.00
Atlas perfect Agro (14-14-14) 10 sacks 27,000.00
Spray 10 pcs 8,500.00
TOTAL AMOUNT 212,100.00

e. INCOME STATEMENT

BUADIBAYAWA MILF FARMERS ASSOCIATION

MONTHLY INCOME STATEMENT
For the month of May 2023

Sales – P 212,100.00
Less: Cost of Sales (P 163,100.00)
Supplies and Equipment (P 5,270.00)
Other Expenses (P 6,500.00)
NET INCOME P 37,230.00

*** Note: “The exceeded amount from the assistance funds (Special Development
Funds-SDF) One Hundred Fifty Thousand Pesos (Php 150,000.00) will
be the counterpart of the association.”