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funding gap emerging markets
Kenya

Olivado Fresh (EPZ) Limited

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  • With EUR 67,000, Olivado EPZ can support more small holder farmers by ensuring that they are paid on a timely manner upon delivery of their produce.

    €67,000
    Amount
    6.00%
    Interest
    12 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€67,000
    Interest6.00%
    Maturity12 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 1 hour on 17 April 2019.

      Summary

      Gary Hannam came into Kenya in 2007 with the sole purpose of offering a sustainable market to thousands of small holder farmers growing avocado while at the same time ensuring that the end consumer enjoyed the healthy extra virgin avocado oil. The company has been making oil from avocado fruits and has recently started a fresh avocado fruit export line. The company, with 68 employees, has steadily been growing over the years and is taking in more farmers. The company offers meals to its employees at the factory and offers its farmers advance payments before the season for them to take their children to school. The Fair-Trade certified company has put in place one of the biggest biogas digesters in East Africa, which uses the waste from the avocado oil processing from Companies like Olivado. The biogas is to be used to run huge power generators to power the factory (reduce power bills) and to run its modified trucks. The biogas byproduct is being packaged as fertilizer for distribution to its farmers.

      Olivado needs this funding to support its growth. The company has been processing avocado into oil and has recently started a fresh avocado export line, complete with its own packhouse. This means that the company has to buy more fruit, recruit more farmers while at the same time ensuring that the farmers are paid on a timely manner upon fruit delivery.

      Company nameOlivado Fresh (EPZ) Limited
      CEOGary Hannam
      Founded2016-04-17
      LocationSagana
      SectorAgriculture
      Turnover€1,007,586.83
      Employees68

      Impact

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

      • With this investment 6 jobs are created
      • With this investment 1000 lives are improved

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      We have already contributed to Olivado Fresh (EPZ) Limited

      Rene van Horck
      Robert Mars
      Manfred Jansen
      Boudewijn Gailliaert
      André Kloosterman
      + and another
      119
      investors