Ellisam Holdings Limited
With EUR 20,000 Samuel is able to invest in the production of maize flour and increase the livelihoods of small farmers.
€20,000
7.00%
6 months
6 months
EUR
CurrencyAmount | €20,000 |
Interest | 7.00% |
Maturity | 6 months |
Repayments | 6 months |
Currency | EUR |
The project
Samuel Theuri 31 years of age has been an entrepreneur all his life having sold his first 20 bags (a gift from his mum) of maize while still in high school. Samuel is also a trained accountant and at one point he established an accounting consultancy to help small shopkeepers in his rural town file their income tax returns. In 2015, he decided to pursue his longtime passion of trading in grain and established Ellisam Holdings, a company that processes and trades in Maize flour. Within one year, Samuel has grown its revenue from USD 2,900 to USD 69,000.
Samuel’s immediate need is to secure quality maize. Samuel intentionally, solely, buys his maize from small local small farmers organised into farmer self help groups. By so doing Samuel ensures the livelihoods of the farmers are consistently improved. Samuel plans to expand his business by investing in a small lab to test the maize. Aflatoxin poisoning is a rampant issue, constantly in the news, in Kenya. Samuel is heartily driven to eliminating this scourge. Moreover, Samuel plans to diversify into producing high nutrient porridge flour specifically for malnourished young school going pupils.
With your support, Samuel will increase the living standards of many more farmers, increase production of high-quality flour safe from any health risks and start a school feeding program providing high nutrient porridge to malnourished school kids.
Company name | Umati |
CEO | Samuel Theuri |
Founded | 2015-01-01 |
Location | Nakuru |
Sector | Manufacturing / Production |
Turnover | €178,982.81 |
Employees | 5 |
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 20 lives are improved