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funding gap emerging markets
Kenya

Ten Senses Africa Ltd

  • Umati
  • Invest in microfinance
  • + 168 other investors
  • With a loan of EUR 100,000 Frank will be able to automate operations further and train 500 farmers in the next 12 months.

    €100,000
    Amount
    7.00%
    Interest
    6 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€100,000
    Interest7.00%
    Maturity6 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 18 hours on 22 June 2017.

      The project

      In 2010, Ten Senses Africa (TSA) started to buy macadamia nuts from farmers and sell roasted, packed nuts with a small warehouse based in Nairobi, Kenya for export to a customer in Europe. As the CEO, Frank brought his passion for educating nut farmers to achieve phenomenal growth. TSA trains farmers on tree management and production through a tree nursery while planting at least 1 million trees of macadamias in Western Kenya and 1 million trees of cashews in Mombasa. With the steadfast dedication to farmers, TSA has grown from 40 staff to 900 staff including casuals (vast majority as women), one product (macadamia nut) to three, and an average annual turnover of $100,000 to $2.9M in 2016.


      Although TSA has grown from its inception, they are not content to rest on their laurels. TSA plans to source twice as many nuts supporting by their initiative to automate operations fully in the # months or years. TSA is already utilizing a technology solution to easily source from their many smallholder farmers spread across Kenya. With your support, Frank can achieve their goal to meet the global demand for nuts with 2 more products by hiring 15 more staff and training 500 more farmers in the next 12 months.
      Company nameUmati
      CEOFrankline Omondi
      Founded2010-01-01
      LocationMlolongo
      SectorManufacturing / Production
      Turnover€2,558,221.59
      Employees105

      Impact

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

      • With this investment 15 jobs are created
      • With this investment 60 lives are improved

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      We have already contributed to Ten Senses Africa Ltd

      Ron van Eijk
      Robert Mars
      Martijn Kistemaker
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      Ivo Richaers
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      168
      investors