YAK

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.

Yak Fair Trade Ltd is also diversifying into the processing of quality cows, goat, rabbit, fish, pork, and chicken meat through a mini-processing plant installed in Kigali-Nyarugenge. The plant relies principally on supplies from small holder farmers supported by the Girinka project. The One Cow per poor family or Girinka project is based on the premise that providing a dairy cow to poor households helps to improve their livelihood by commercialising dairy products.

Mr. Janvier Gasasira is the current senior advisor to the business and 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.

General information

BorrowerYAK FAIR TRADE LTD
CountryRwanda
Head officeKigali
Websitehttps://www.grofinblog.com/impact_development/grofin-deepens-agribusiness-east-africa/
Founded 1 January 2010
Active on Lendahand since 1 June 2020

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Financial information per 2020-03-31

Total assets€2,800,000
Revenue (per year)€2,800,000
Equity / total assets65.00%
Liquidity361.00%

About Rwanda

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.

Most recently funded project

YAK Fair Trade 2

With EUR 250,000 Yak Fair Trade can buy more agricultural outputs (e.g. maize & grain from small holder farmers) and purchase equipment, like cold room storages, in order to expand its processing business.

  • Direct investment
  • 10 new jobs
  • 100 people reached
Issuer

€250,000

Amount

18 months

Maturity

5.75%

Annualized interest
100%
Fully funded in 15 days on 31 July 2020.