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funding gap emerging markets
Uganda

Mubende Agro Supply

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  • With EUR 88,000, Mubende Agro Supply is able to pay farmers quicker to facilitate continuous supply of grain from the farmers to Mubende.

    €88,000
    Amount
    6.00%
    Interest
    12 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€88,000
    Interest6.00%
    Maturity12 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 7 hours on 28 March 2019.

      Summary

      Mubende Agro supply and processor Limited was founded by Jean De Dieu Twahirwa and Venantie Nyirambabajende and incorporated as a Limited Company in July 2014. The core business of the Company is procuring grain directly from the farmers thus offering ready market to the farmers and directly impacting their lives. The grain is dried, cleaned, graded and bulked for supplies to UN agencies and other agro processors in the country and the Great lakes region especially South Sudan, Kenya and Rwanda. The grain includes beans, maize, sorghum, Soya beans and cassava. They employ 5 permanent staff but offer jobs to over 40 people on casual basis during other processing of the grain, that is, drying, cleaning loading and offloading.

      The company has rapidly grown over the past five years and was able to turn over EUR 4 million in 2018. Mubende are a member of the grain umbrella body -The Uganda Grain Council.

      Most grain dealers such as Mubende usually collect produce from farmers, process then sell to their agro-processors or even export to regional buyers who only make payment days after delivery. The delayed payments impact farmers negatively since many of them rely on proceeds from sales of the grain in order to meet their basic needs. With this financing Mubende, will be able to pay the farmers on time thus securing a continuous supply of grain from the contented farmers. In addition, the farmers can also meet their basic needs through the prompt payments received.

      Company nameMubende Agro Supply
      CEOJean De Dieu Twahirwa
      Founded2014-07-21
      LocationMubende
      SectorAgriculture
      Turnover€3,924,320
      Employees5

      Impact

      There is currently no information available for this section. Check the Summary tab for more details.

      • With this investment 5 jobs are created
      • With this investment 25 lives are improved

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      We have already contributed to Mubende Agro Supply

      Erwin Meijer
      Eliza Luszczewska
      Frederik Heijman
      André Kloosterman
      Christ Tielemans
      + and another
      169
      investors