~ Handèwa Farms LLC. ~

This is a business owner who has reached out to Slow Money NC. 

Business Contact:  A.yoni Jeffries
Business Name:   Handèwa Farms LLC.
Location:   1808 Chapel Hill Rd Apt A7, Durham, NC
Email: click here
Telephone: (919)797-3600

 

How did you hear about Slow Money NC?:
I was referred to Slow Money NC by Kristen Cox, steward and owner of Respite in the Round located in Rougemont, NC.

Tell us your story. What is your business idea? Tell us your plan.
I am A.yoni Jeffries, a musician and 2020-2022 project manager at Handèwa Farms. We are a newly established farm and are still in our startup stages.

Handèwa Farms is an Afro-Indigenous led farming coop operating in Rougemont, (within the Piedmont region) in North Carolina. Handèwa Farms is comprised of nine core members, each of whom is dedicated to the cultivation, farming, production and education of cannabis. We are mostly women-led, passionate growers and business minded individuals. Many of our members have indigenous ancestry, including Occaneechi-Saponi, Cherokee, Blackfoot, and Lakota tribes.

Please briefly describe your commitment to sustainable food systems in North Carolina.:
Our cooperative is seeking to connect with similar organizations in North Carolina to expand our approach with existing hemp farming communities in our area. We will begin our journey as hemp growers, with a shared goal of creating livable waged green jobs for the countless individuals currently displaced from well established NC cities. We’ll be growing edibles crops that will be donated and distributed back into our communities to those who may live in/near NC food deserts.

A long term goal of ours is to set up a production facility to begin producing biodegradable products, from toilet tissue and disposable kitchenware to hempcrete, an eco-friendly, bio-composite alternative to concrete that naturally absorbs carbon monoxide, helps to protect the ozone layer, and grows stronger with each year. It is our goal for future generations to connect with the earth and its natural medicine found in Hemp/CBD products. All in all, we are aiming to create an infrastructure that generates generational wealth in many ways.

What will your sales be? What do you anticipate your profits/your margins will look like? How will you make the money to pay this loan back?:
In this 2020 season we will be growing edible crops solely as to place roots into the soil. These crops will be sold at local farmers markets and a few storefronts such as Perkins Orchard, in Durham, NC. We will be able to pay back these loans with the money generated from our 2 harvests this 2020 planting season.

We will begin with our hemp production during Spring 2021.

Have you borrowed money before? How much did you borrow? From where? How long was the term? Is there a balance still due on that loan?:
This is our first time borrowing money for this effort.

Do you have people who would vouch for your credit worthiness? Who are they?:
Yes, we are a strong group consisting of 9 coop members. There are also a number of public figures and officials who stand with us in our efforts within the Triangle area of NC.

Tell us about your business background. Have you been in business before?:
We are a unique blend of coop members consisting of the following:

Anna Jeffries – Musician; Project Manager; Awaruhi Inc.; Urban Farmer
Abigail Jeffries – of Chef Abbi Jai LLC.; Urban Farmer
Kisha Jeffries – Finance; Urban Farmer
Chelsey Bentley-Holts – Marketing Lead; of Nakoma PR
Chaka Harley: Audio Engineer; of Playground Studios; Documentarian; Urban Farmer
William Jenifer Jr. – Urban Farmer
Kiaro Holts – Lead Farmer
Nick Appel – Finance; Urban Farmer
Taylor Holman – Administrative Lead; Urban Farmer

How much money do you need to borrow to make your project work? How long do you think you would need to pay that back?:
[Please contact A.yoni or Carol directly about this.]

Are there other lenders involved in your project or business?:
We have yet to secure other lending ventures.

What is your timeline for this project? Would you like it to start in a month? 6 months? A year?:
This project will begin this planting season, and we will begin with hemp production specifically in Spring 2021.

We currently have a 2 year projected timeline for Handèwa Farms.