How to reduce poverty through apiculture.

1. PROJECT
ON
“Poverty Alleviation Through Apiculture”

2. Members of Group 1
ID No. Name
13057643 Sadman Kabir (Group Leader)
13067605 Md. Fahim Khan
13107629 Md. Omar Faruq
13027638 Md. Rubayet Hosen
13087639 Amal Paul
13047641 Nazmul Islam Sojol
13047655 Md. Nishan Sheikh
13037656 Samiron Kumar Mondal
13017667 A. F. M. Fazle Rabby
13027677 Md. Mahbubur Rahman
13047706 Md. Rasel Kabir
12067657 Md. Jahirul Islam Khan

3. ID No. Name Designations
13057643 Sadman Kabir Project Manager
13047706 Md. Rasel Kabir Assistant Project Manager
13067605 Md. Fahim Khan Project Coordinator
13027638 Md. Rubayet Hosen Project Co-coordinator
13087639 Amal Paul Financial Manager
13037656 Samiron Kumar Mondal Strategic Manager
13107629 Md. Omar Faruq Logistics Manager
13047641 Nazmul Islam Sojol Marketing Manager
13047655 Md. Nishan Sheikh Event Manager
13017667 A. F. M. Fazle Rabby Human Resource Manager
13027677 Md. Mahbubur Rahman Hospitality Manager
12067657 Md. Jahirul Islam Khan Public Relations Manager
Team Members and Designations:

4. Poverty Alleviation Through Apiculture
Introduction:
The subject that deals with the management technique of honeybee
rearing, collection of honey, making honey products is generally called
Apiculture. It is the maintenance of honey bee colonies, commonly in
man-made hives, by humans. A beekeeper keeps bees in order to collect
their honey and other products that the hive produces (including
beeswax, pollen, royal jelly etc.) to pollinate crops, or to produce bees for
sale to other beekeepers. So obviously there remains some opportunities
to make beekeeping, also named as Apiculture, a source of income.

5. Scope of Apiculture in Bangladesh:
Generally, in most of the 86 thousand villages in Bangladesh, beekeeping is more or
less feasible on the basis of existing natural bee plants. So it is to be expected that if
there would be at least 5 beekeeping in each village in average, then there would be
more than 0.4 million people to be engaged in bee-keeping activities. By way of this
0.4 million people to be engaged in keeping bees and when each bee-keeper on
average will produce 10 kg of honey then there would be a total honey production of
about 4,000 metric tons which is worth TK. 800 (US$ 14 millions) millions per year. On
the other hand, additional crop, vegetable and fruit production as per scientific
record is to be worth Tk. 8000 (US$140 millions) millions by way of pollination
through bee-keeping activities in the country. So it is to be appreciable that through
the scientific and proper implementation and expansion of beekeeping through
research and demonstration in the country, there will be a good amount of honey
production with enhanced crop, vegetable and fruit production.

6. The best known honey in Bangladesh is Mustard honey. Mustard is grown in many
districts of Bangladesh as an oilseed crop. Drum Stick, Zizyphus jujuba, mango, and
various other vegetables, fruits, forest and crop plants are also good nectar-producing
sources. In Bangladesh the most important honeybee species from the commercial
standpoint is Apis cerana indica. In addition, one wild species, Apis dorsata makes
hive in forests, on large trees around dwelling houses, and even attached to the
cornice. Many professional honey collectors of Bangladesh hunt Apis dorsata colonies
as a source of honey. These professional honey collectors live mostly in areas close to
forests, particularly the Sundarban, Madhupur and other forest enriched areas of
Bangladesh.
In the context of agriculture based major employment and economy of Bangladesh,
beekeeping is a substantial and/or fulltime income generating source. In a family
based activity, it is very easy, acceptable and less expensive than any other income
generating activity. Because beekeeping as a family based activity having 1-5 colonies
does not require any specific land. Most of the time of a year there will be no need to
purchase raw materials as honey bees collect nectar and pollen from the available
source of existing natural bee plants.

7. Benefits of Apiculture:
In the context of large unrealized potentiality of rural beekeeping in
Bangladesh the
following socio-economic benefits can be achieved:
Promotion and enhancement of agricultural production;
Enhancement of the quality and production of fruits;
Promotion and expansion of forest wealth;
Increasing plant community in the environment.
Saving and/or earning foreign currency by producing and/or exporting
honey and other bee products;

8. Prevention of diseases by taking pure honey regularly;
Curing of some particular diseases;
Promotion and increasing the nutrition value of food;
Use of wax and other bee products in various industrial products;
Promotion of medicine quality;
Upgrading the quality and standard of food in the view point of taste and nutrition;
Increasing the rural based cottage industry in the country;
Family solvency through additional income broadly in the rural areas;
New employment generation by way of rural beekeeping extension;
Accelerating the development of national economy

9. Our Project and Its Mission:
So realizing the scope and benefits of Apiculture in our country and the opportunity
to make this one of the income generating factors that can help the people living
under the poverty line improve their conditions, our team has decided to make a
project on Apiculture and implement it in the rural areas, especially for the families
who earn more or less than Tk. 3000 per month. This will help them to make some
additional income for their family but it will require no extra cost but little effort to
continue the activity for unlimited time period. Subsequently a large number of
employment generation is also to be happened as well.
So clearly our mission is to accomplish such a project and encourage others to make
such initiations so that they can contribute additional earnings and make themselves
self-sufficient and thus improve the socio-economic condition of their locality.

10. Project Objectives:
To accomplish our mission, we have to fulfil certain objectives sequentially. They are
mentioned below in short:
Training ourselves on Apiculture;
Ordering the necessary amount of instruments;
Make a technical feasibility study and selecting some families for our project;
Arranging a workshop and training them;
Collecting the instruments and installing them on the premises of the selected
families;
Making regular visits and follow-up;
Collecting honey and selling those to local companies for processing;
Distributing the profit among the families.

11. Methodology:
In order to fulfil our predetermined objectives, we will follow the described
methodology:
Action Plan
Description of Tasks
Gantt Chart
Project Network
Critical Path and Slack Calculation
Budget Proposal & Financial Structure determination
Project Appraisal
Cash Flows Estimation
Distribution of Income
Social Cost Benefit Analysis (SCBA)
SWOT Analysis

12. Project Implementation Period:
Starting Date- 20-10-2017
Ending Date- 20-02-2018.
Within the 4 months, there are 37 working days.

13. Table 2: Description of Tasks
Activity Task Name Predecessors Duration Start Finish
Task
Coordinator
Cost
BDT
A Self-Training -------- 2 Days
20-10-
2017
21-10-
2017
Sadman Kabir,
Md. Rasel Kabir
1000x12
=12000/-
B
Instrument
Order
-------- 5 Days
20-10-
2017
24-10-
2017
Md. Fahim Khan,
Md. Rubayet Hosen
20x16500
=330000/-
(Note 1,2)
C
Technical
Feasibility
Study
A 4 Days
22-10-
2017
25-10-
2017
Amal Paul, Samiron
Kumar Mondol
4x500x12
=24000/-
(3)
D
Training
Selected
People
B, C 2 Days
26-10-
2017
27-10-
2017
Nazmul Islam Sojol,
A. F. M. Fazle Rabby
6000/-
(Note 4)
E
Transporting
Instruments to
Villages
D 5 Days
28-10-
2017
1-11-2017
Md. Omar Faruq,
Md. Nishan Sheikh
4000/-

14. F
Instrument
Installing and
Final Train up
D 5 Days 28-10-2017 1-11-2017
Md. MahbuburRahman,
Md. Jahirul Islam Khan
5x500x12
=30000/-
G Follow up 1 E, F 4 Days 1-12-2017 4-12-2017
Sadman Kabir,
Md. Rasel Kabir
4x500x12
=24000/-
H Follow up 2 G 4 Days 1-1-2018 4-1-2018
Md. Fahim Khan,
Md. Rubayet Hosen
4x500x12
=24000/-
I Honey Collection H 4 Days 5-2-2018 8-2-2018
Md. Omar Faruq,
Md. Nishan Sheikh
4x500x12
=24000/-
J
Preservation of
Honey
I 2 Days 9-2-2018 10-2-2018
Nazmul Islam Sojol,
A. F. M. Fazle Rabby
10000/-
K
Selling Honey and
Distribution of
Profit
J 10 Days 11-2-2018 20-2-2018
Amal Paul, Samiron
Kumar Mondol
5000/-

15. Important Notes:
In one district, 20 families will be selected on the basis of 2 families from each village, covering 10 villages.
Per Family Instrument costs (Taka)
Bee Hive = 5 Hives x 500 per Hive =2500
Bee Stand = 5 Stands x 200 per Stand = 1000
Jacket = 2 Jackets x 800 per Jacket = 1600
Gloves = 4 Gloves x 100 per Glove = 400
Honey Colony = 5 Stands x 2000 per Colony = 10000
Honey Collector = 1 x 1000 per Collector =1000
In Total =16500/-
Total 12 team members, each will get Tk. 500 per day as food and conveyance allowance.
Training Costs (Taka)
Room Rent = 2 Days x 1000 per day =2000
Projector = 2 Days x 1000 per day =2000
Hospitality = 2 Days x 1000 per day =2000
In Total =6000/-

16. GanttChart:
TheGanttchartshowsplannedandactualprogressforanumberoftasksdisplayedagainsta
horizontaltimescale.Itisaneffectiveandeasy-to-readmethodofindicatingtheactualcurrent
statusforeachsetoftaskscomparedtotheplannedprogressforeachitemoftheset.ButGantt
chartsusuallydonotshowtechnicaldependencies.
Figure1:GanttChart

17. Project Network (Using Activity on Node-AON):
We need to produce a network in order to represent the activities of this project. It
will help us to meet the projects expected completion time.
Activity on Node Shows us the sequential task of the project. The graph is shown
below:
Figure – 3: Activity On Node (With abbreviated task name and their duration in days)

18. Calculation of Critical Path:
Critical path means the longest path that determines expected project duration.
Longest path treated as the critical path. From the above project network, these are
the probable path:
ACDEGHIJK = 37 days
ACDFGHIJK = 37
BDEGHIJK = 36
BDFGHIJK = 36
From the above probable path, there are two longest paths which are ACDEGHIJK =
37 days and ACDFGHIJK = 37. So these two are the two critical paths.

19. Slack Calculation:
Slack is the allowable slippage for path that is the difference the length of path and
the length of critical path. So normally slack means, how many days can an activity is
delayed without affecting projects life. It is very easy to calculate slack that is late start
time minus early start time or late finish time minus early finish time. That means
Slack = LST - EST or LFT – EFT. Also we know that the activities which have 0 slack are
on critical path.
Figure- 4: Calculations of EST, EFT, LST & LFT

20. Table-3: Calculationof Slack &Critical Path
Activity ID Duration EST EFT LST LFT Slack Critical Path
A 2 0 2 0 2 0 *
B 5 0 5 1 6 1
C 4 2 6 2 6 0 *
D 2 6 8 6 8 0 *
E 5 8 13 8 13 0 *
F 5 8 13 8 13 0 *
G 4 13 17 13 17 0 *
H 4 17 21 17 21 0 *
I 4 21 25 21 25 0 *
J 2 25 27 25 27 0 *
K 10 27 37 27 37 0 *

21. Proposed Budget:
Proposed budget is Tk. 5,00,000/-.
Financial Structure:
We are to use 60: 40 Equity: Debt ratio.
So, in Tk. 500000, Tk. 300000 is to be managed from internal financing and the rest of
Tk. 200000 is to be collected from taking a short term loan from BASIC Bank that is to
be termed for 4 months.
Taka 300000 is to be contributed by the 12 team members, each contributing Taka
(300000/12) =25000/-.
Besides, the project expects to generate enough profit which will help us to recover
our investment along with the debt. So debt as well as its interest is to be paid
altogether after the 4 months of its issuing.

22. Estimated Cash Flows:
We have already estimated our cash outflows as costs. We have also fixed the ways of
our funding. So this cash inflow is known as well. Now we have to estimate the
probable future cash inflows resulting from the sale of the bee honey.
From the past experiences of the experts, the following productivity of bees has been
calculated and shown below:
Table- 4: Expected Value Calculation
Situation
Production of 1
hive per season of
4 months(Kg) Xi
Probability
Pi
Expected Value
∑XiPi
Optimistic 35 0.25 8.75
Most Likely 30 0.50 15
Pessimistic 25 0.25 6.25
Total 30 Kg

23. Since there are 5 hives per family and a total of 20 families, the total expected
production of raw honey for the season is = (5x20x30) = 3000 Kg.
Now, the per Kg rate of raw honey in the local market varies from Tk. 400 to Tk. 500.
Ob the basis of this, the following table is developed:
Table-5: Expected Sales Price Calculation
Situation
Per Kg price of raw
honey in the market,
Xi
Probability
Pi
Expected Value
∑XiPi
Boom 500 0.25 125
Normal 450 0.50 225
Recession 400 0.25 100
Total Tk. 450

24. So the total expected revenue for the season is = 3000 Kg x Tk. 450= 1350000.
Table-6: Detailed Cash Flow Statement
Inflow of Fund Outflow of Fund
Date Items Taka Date Items Taka
11-10-2017 Internal Financing 300000 20-10-2017 Self-Training 12000
20-10-2017 Bank Loan 200000
20-10-2017
Instrument
Order
330000
22-10-2017
Technical
Feasibility Study
24000
26-10-2017
Training
Selected People
6000
28-10-2017
Transporting
Instruments to
villages
3000

25. 28-10-2017
Instrument Installing
and final train up
30000
1-12-2017 Follow up 1 24000
1-1-2018 Follow up 2 24000
5-2-2018 Honey Collection 24000
9-2-2018
Preservation of
honey
10000
11-2-2018
Selling and
Distribution of Profit
5000
20-2-2018 Selling of Raw Honey 1350000 20-2-2018 Payment of Interest
on Loan
8000
(Note 1)
20-2-2018 Repayment of Loan 200000
20-2-2018 Repayment of Fund
collected form
Internal Financing
300000
20-2-2018 Total Cash Outflow 1000000
20-2-2018 Cash in Hand 850000
Total 1850000 Total 1850000

26. Note 1: Interest calculation:
Loan Taken= Tk. 200000 for 4 months
Interest rate= 12% per annum, So (12/3) = 4% for 4 months.
So, Interest expense= 200000 x 4% = Tk. 8000.
Note 2: Since it is a social project, the project is under tax holiday. So, no tax treatment is showed.
Summery:
Total Financing = 500000
Total Revenue = 1350000
Total Cash Inflow= 1850000 ………… (1)
On the other hand,
Total Cost (Excluding Interest) = 492000
Interest Expense = 8000
Total Cost = 500000
Repayment of Investment = 500000
Total Cash Outflow = 1000000 ………. (2)
So, Cash in Hand = 1850000-1000000= Tk. 850000 (1) - (2).

27. Distribution of Income:
Since project is a one shot activity, we have to exhaust the cash in hand by distributing this
income among the village families and the investors as well.
The ratio of distribution is assumed to be 60/40 for Villagers/Investors.
So the villagers will get (850000 x 60%)= Tk. 510000
Tk. 10000 will be preserved in Villagers’ Beneficial Fund.
So the rest of Tk. 500000 will be evenly distributed among the 20 village families where each
family will get (500000/20) = Tk. 25000 for the season.
On the other hand,
The investors have Tk. (850000-510000) = Tk. 340000 for distributing among themselves.
We, the team members have decided to donate Tk. 4000 in a charitable fund.
So. The rest of Tk. (340000-4000) = 336000 will be evenly distributed among the 12 of us
where each of us will get (336000/12) = Tk. 28000.

28. Social Cost Benefit Analysis (SCBA):
In a project like Apiculture, there is hardly anything that costs the society. Rather what
we can only think about is blessings. For example, the villages we are going to
implement our project are expected to be blessed with the following benefits:
Firstly, Apiculture cultivation incurs very low cost but is high in profit. It is one of the
best options for poor villagers who have ample time and space to get involved in
income generating activities;
Secondly, Apiculture, as it can be taken as a profession, provides employment
opportunities for the young and unemployed generation of a village. As a result, the
socio-economic condition in those places improves manifolds
 The bees, while collecting honey, do a very significant job named pollinating. It is
evident that where there are Apiculture activities, the harvests as well as fruits and
flower plants of those places make a boom;

29. Honey is a very nutritious and a pleasant food. It also works as a medicine in some
cases. It has a religious significance as well. Besides honey, beekeeping also produces
some beneficial bi products that can be sources of additional income;
Apiculture is so lucrative as a profession that the neighboring villagers may be
encouraged to get involved in such activity after seeing their own villagers making
thousands in profit. Thus, if more and more people get involved in it, the whole
picture of a village may be changed within a year or two;
Lastly, the production process of bee colonies is so rapid that it never stops
producing more and more bee colonies and thus it continues producing honey for
indefinite period of time, giving villagers a fixed source of perpetual income as a
whole.

30. SWOT Analysis:
The SWOT (Strengths, Weaknesses, Opportunities, Threats)
analysis provides information that is helpful in matching the
firm's resources and capabilities to the competitive
environment in which it operates. This list of internal factors
(strengths and weaknesses) and external factors (opportunity &
threats) helps one to recognize those that apply to him or her.

31. SWOT matrix of ourproject is performedbelow:

32. Conclusion:
Our project team believes that overall our project has a bright future in its
scope; the management is structured enough and their responsibilities are well
defined and have been assigned on the basis of expertise; the cash flows have
been estimated based on expert opinion and local market survey; Besides, the
SCBA analysis and the SWOT analysis give a wider view of the projects overall
future outcome. Lastly, income distribution is formed in such a way that the
poor villagers get the major portion for their socio-economic improvement and
self-sufficiency, which are of course the ultimate goals of this project. We hope
that, through this project many lives will be changed in a positive manner,
ultimately reflecting the growth and development of our country as a whole.
Reference:
http://bd-apiculture.blogspot.com/
https://en.wikipedia.org/wiki/Beekeeping