Industrialists As ADA Holders in GHANA

[GENERAL] Name and surname of main applicant

Emelia Sarfo

[GENERAL] Email address of main applicant

emeliasarfo2@gmail.com

Additional applicants

There is no joint proposal.

[GENERAL] Please specify how many months you expect your project to last (from 2-12 months)

2

[GENERAL] Please indicate if your proposal has been auto-translated into English from another language.

No

[GENERAL] Does your project have any dependencies on other organizations, technical or otherwise?

No

[GENERAL] If YES, please describe what the dependency is and why you believe it is essential for your project’s delivery. If NO, please write “No dependencies.” .

No dependencies.

[GENERAL] Will your project’s output/s be fully open source?

Yes

[GENERAL] If NO, please describe which outputs are not going to be open source. If YES, please write “Project will be fully open source.”

Project will be fully open source.

[METADATA] Category of Proposal

Wallet

[METADATA] SDG rating

Education

Wallet Opening

ADA holders

SDG Goals

4 - Ensure inclusive and equitable quality education and promote lifelong learning opportunities for all

8 - Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all

SDG Subgoals

4.1 - By 2030, ensure that all girls and boys complete free, equitable and quality primary and secondary education leading to relevant and effective learning outcomes

4.4 - By 2030, substantially increase the number of youth and adults who have relevant skills, including technical and vocational skills, for employment, decent jobs and entrepreneurship

8.3 - Promote development-oriented policies that support productive activities, decent job creation, entrepreneurship, creativity and innovation, and encourage the formalization and growth of micro-, small- and medium-sized enterprises, including through access to financial services

[IMPACT] Please describe your proposed solution.

As said earlier, small scale Industrialists in Ghana mostly struggle to save because they do not get any significant interest earned on their deposits; again they have to join long queues in the banks at the time they need their money for imminent investment.

Due to this fact, I seek to propose to help these Industrialists (Local Fruit Juice Manufacturers, Local detergent manufacturers and many others) to turn to Cardano, open Yoroi wallets which is simple to download and open and also not complicated to use, and buy ADA and keep as savings. Those who can become Voters can also do so and thus participate actively in the ecosystem.

I will educate 60 small scale manufacturers across the various sectors by going to them personally in their manufacturing sites to educate them and open wallets for them. The wallet opening will be done by any willing volunteer from Wada Ghana who is available.

With impact, I am looking forward to opening wallets for the after educating them one on one, and depositing 5 ADA to each as a start to whet their appetite to get more ADA. This gesture will automatically increase ADA holders in the community and growth in Cardano as well. As these 60 Industrialists get the benefits of ADA, they will tell others and bring in more people to hold ADA as savings.

[IMPACT] How does your proposed solution address the challenge and what benefits will this bring to the Cardano ecosystem?

The Challenge seeks to add on to Cardano ecosystem. This project is aimed at promoting ADA to the small scale Industrialists in Ghana to become ADA holders and eventually some becoming Voters. This is addressing the challenge effectively. Cardano ill grow by 60 ADA holders who will also bring more people when they see the benefits of keeping ADA.

[IMPACT] How do you intend to measure the success of your project?

Measure of Success:

• Number of Industrialists- 60 people accepting to become ADA holders is quite good and Cardano will expand by 60 ADA holders. This happens in the short term
• ADA holders becoming Voters in the long term
• 60 ADA holders can also bring more ADA holders in the long term, thereby contributing to growth in Cardano

[IMPACT] Please describe your plans to share the outputs and results of your project?

Detailed Plan:

• Project starts from mid November and ends in December 30th.
• 60 Industrialists from food industry, detergents and plastic will be contacted in their offices one on one since it is impossible to get these people to leave their sites for a workshop.
• This will be a daily round work for 2 months to complete
• Results and reports (document and video) will be shared to the Catalyst Community.

Due to success in the project, I will continue to the next fund and extend the opportunities to more Industrialists since they are far more than 60. 60 has been chosen for the period because of the daily rounds to their sites to educate them one on one and to open Yoroi wallet for them.

[CAPABILITY/ FEASIBILITY] What is your capability to deliver your project with high levels of trust and accountability?

I am Emelia Sarfo, an active member of the Cardano Community with a track record of two fully completed projects within the stipulated time. Fund 8 and Fund9 Ghana Youth Onboarding Outreach 1 and 2 respectively. These projects were executed with minimum fund of 4500USD and 5500USD respectively and brought to Cardano ecosystem over 150 youth registering on Ideascale and opening Yoroi wallets with ADA, some of which have become active members in Africa Town Hall and the ecosystem in general.

I am a trusted member. Professionally I am a Human Resource Consultant with over 25 years experience. In the Cardano Community, I was a CA for Fund 6, 7 and 8; PA for Fund9; vCA for Fund7 and vPA for Fund9 with high reputation. I was a member of Challenge Team for Fund8 and Fund 9 Grow Africa Grow Cardano Challenge and currently I am a member of the Fund 10 StartUps & Student Onboarding Challenge Team.

My previous completed projects show that I can be trusted with funds and I will deliver to expectation.

[CAPABILITY/ FEASIBILITY] What are the main goals for the project and how will you validate if your approach is feasible?

Objectives:

• Educate and open Yoroi wallets for 60 small scale Industrialists in Ghana
• Increase ADA holders in the Cardano ecosystem
• 60 ADA holders can become Voters in the long term.

Goals:

• Cardano will grow by 60 member ADA holders and also growth in ADA.
• Stake Pools also expand because ADA holders will delegate their ADA.
• Cardano ADA becomes popular in Ghana

[CAPABILITY/ FEASIBILITY] Please provide a detailed breakdown of your project’s milestones and each of the main tasks or activities to reach the milestone plus the expected timeline for the delivery.

Milestone and Tasks:

Emelia Sarfo - the main proposer and main Resource person to deliver- have one on one contact with Industrialists and educate them.

Key activities will be from Mid November when Contacts are made to the list of Industrialists. One on one trips to their work sites to educate them about Cardano blockchain and ADA;, how to benefit by saving in ADA form to have access to their funds any time they want it, and avoid long queues in the bank.

Any team volunteer from Wada Ghana who is available to assist to open wallets for the Industrialists.

[CAPABILITY/ FEASIBILITY] Please describe the deliverables, outputs and intended outcomes of each milestone.

Milestones:

Mid November 2023- start of work. I will make a list of the different Industrialists I want to see to educate and open wallets for them. I will contact them and tell them my intentions.

Mid November through to December- Constant visits to get them educated and registered.

After the first month that is Mid November to mid December will be a milestone to report on 40 participants and proof of wallets opened.

Mid December to end of December is another milestone to target 20 educated and registered.

Reports will be sent to the Catalyst Community.

[RESOURCES & VALUE FOR MONEY] Please provide a detailed budget breakdown of the proposed work and resources.

Total Budget Requested 15000 ADA

Breakdown:

Transport (Fuel for daily rounds) for 2 months 4000

Resource Persons for 2 Months 5500

Education materials 1200

Wifi and Power bank 1800

Media - pictures and video 1200

Administration costs(Miscellaneous) 1000

ADA for 60 Industrialists (5 per one) 300

All quotes are in ADA

Milestone 1 budget - mid November to mid December - targeting to reach out to 40 Industrialists one on one basis in their industry sites - total budget - 10000 ADA

Milestone 2 - mid December to end of December 2023 targeting 20 Industrialists in their industry sites on one on one basis. Total budget - 5000 ADA

[RESOURCES & VALUE FOR MONEY] How does the cost of the project represent value for money for the Cardano ecosystem?

Looking at the cost of living in Ghana presently, transportation and all economic activities have become unbearable. But I have managed to cut the budget low to gain value for the work that is to be done.

At the end of this project, the Industrialists who become ADA holders may eventually become voters and DReps to grow the Cardano ecosystem.

These Industrialists in Ghana have a lot of unbanked cash due to inability to visit the banks often to deposit through long queues. By buying ADA subsequently online, transactions and savings become easier for them. Having much ADA will lead them to roles such as Voters and DReps. This is great value for money for the Cardano ecosystem.

[IMPORTANT NOTE] The Applicant agreed to Fund10 rules and also that data in the Submission Form and other data provided by the project team during the course of the project will be publicly available.

I Accept