funding gap emerging markets
Kenya

Octagon Ventures Limited

  • FinancialAccess
  • Local partner investment
  • + 83 other investors
  • With EUR 41,500 Stella is able to expand the line of supplying high-quality personal care products to retailers in Kenya.

    €41,500
    Amount
    6.00%
    Interest
    12 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€41,500
    Interest6.00%
    Maturity12 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 2 hours on 19 December 2017.
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      Summary

      Read the information document of the issuer here

      Octagon was established in 2011 by Stella Oeri and Margaret Theuri, two ladies with an extensive marketing background at large retailers.  Its mission is to trade in own-brand fast moving consumer and household products (mainly baby wipes, hygienic wet towels and associated personal grooming items).

      This is achieved by contracting manufacturers in China to make these products.  Octagon’s brand is called Comfort and its range of products are sold through larger and smaller retailers throughout the country.

      However, the long-term plan has been to shift manufacturing to Kenya. This is in line with the national policy to concentrate on building up a value-add manufacturing sector – rather than relying on imports for the majority of consumer goods. Over the next 2-3 years we expect Octagon to gradually move its procurement base to Kenya.

      The company was recently profiled in the press:  http://www.nation.co.ke/lifestyle/saturday/Wipes-as-a-viable-business/1216-4172046-10vlfls/index.html 

       

      Company nameOctagon Ventures Limited
      CEOStella Oeri
      Founded2011-01-01
      LocationNairobi
      SectorManufacturing / Production
      Turnover€148,637.76
      Employees5

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      We have already contributed for Octagon Ventures Limited

      Rene van den Burg
      Gerard de Jong
      Jan de Wit
      Casper Roos
      Frank Knol
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      83
      investors