Yak Fair Trade Ltd was founded in 2010.
The agribusiness works hard to improve the quality of maize and beans, two of the most consumed staple foods of East African Community, through a project aimed at controlling quality from production to final consumption. The company has signed exclusive supply contracts with 65,000 farmers grouped into 52 cooperatives in Eastern, Southern and Northern Provinces, both ensuring grain supply for its own use as well as benefitting farmer livelihoods in its community. It also sells the surplus to other institutions such as the World Food Program, Africa Improved Food and UNHCR.
Mr. Janvier Gasasira holds the position of Chief Executive Officer (C.E.O.) of YAK FAIR TRADE Ltd. He holds a master’s in development studies and project management acquired from Louvain La Neuve (Belgium) University in 2003.
|Borrower||YAK FAIR TRADE LTD|
|Founded||1 January 2010|
|Active on Lendahand since||1 June 2020|
Financial information per 2020-09-30
Rwanda is a small landlocked country in east-central Africa with a population of 12 million. It is currently led by Paul Kagame who became president in 2000. In 2018, its GDP was US$9.5bn and it has steadily averaged high single digit GDP growth rates. Rwanda has been a leading engine in terms of trade openness and has one of the best business environments in Africa. The World Bank’s Doing Business 2019 survey ranks Rwanda 29th out of 190 economies surveyed (including Developed Economies), making it one of the best-ranking African economies. Rwanda has made significant progress from the ethnic strife that led to the genocide & civil war in the nineties, with political stability among the key assets that has allowed a sustained reform momentum.
Last funded project
The loan will be used for the purchase and sales of rice. With EUR 200,000 YAK Fair Trade is able to be buy at least 280,000 kg of rice from Tanzania and Pakistan. It will take about 1 month to sell this stock.