By Akaraonye Samuel ifeanyi | Founder/CEO
The Sam Onyemaechi Humanitarian Foundation (SOHF) and Samony Entrepreneurial Ventures LTD (Samony Foods) - Driven by SOHF's Impact Nexus
Achievements:
We are thrilled to present the first quarterly report of 2024 for our impactful project, "Train 3K Widows in Snail Farming" in Southeast Nigeria. With the generous support from individual donors and Samony Entrepreneurial Ventures LTD, we have successfully trained and empowered 3,000 widows in snail farming, equipping them with valuable skills for sustainable livelihoods.
Goals for 2024:
Our overarching goal for 2024 is to expand our impact further. We aim to extend our support to an additional 5,000 widows, doubling our previous impact. Additionally, we plan to enhance our programs to provide not only immediate assistance but also long-term sustainable solutions for the empowerment of widows in the region.
Challenges Faced:
Despite our achievements, we recognize the challenges inherent in our mission. Limited resources and the multifaceted nature of societal issues necessitate strategic planning and collaborative efforts. This report underscores the importance of continued support and the necessity to overcome obstacles for sustained impact.
Expanding Social Enterprise for Sustainability:
To ensure the longevity and effectiveness of our initiatives, we understand the importance of expanding Samony Entrepreneurial Ventures LTD. A robust social enterprise is crucial for financial sustainability and ecosystem development. This expansion will enable us to generate revenue that can be reinvested in our humanitarian services.
Financial Overview:
In Q1 2024, we received a total disbursement of $59 from GlobalGiving and $396 from Samony Foods.
Total Income: $455
Financial Allocation:
1. Project-related Expenses:
- Direct assistance to widows in snail farming: $100
- Training materials and resources: $75
- Logistics and transportation: $50
2. Administrative Costs:
- Staff salaries: $100
- Operational expenses: $30
3. Program Development:
- Research and planning for expanded impact: $50
- Implementation of innovative solutions: $50
Total Expenditure: $455
Balance: $0 (Utilized all funds)
Gratitude to Donors and Supporters:
We express our heartfelt gratitude to the donors and supporters whose contributions have made this project possible. Your belief in our mission and commitment to positive change drive our success. We remain dedicated to upholding the highest standards of financial responsibility, ensuring that your support translates into meaningful impact.
Thank you for your continued trust and partnership.
Sincerely,
Samuel Akaraonye
Founder/CEO
The Sam Onyemaechi Humanitarian Foundation and Samony Entrepreneurial Ventures LTD
By James Rosita N | Project Leader
By James Rosita N | Project Leader
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