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funding gap emerging markets
Kenya

Kentaste Products Ltd. 3

  • Umati
  • Invest in a Financial Institution
  • + 159 other investors
  • With EUR 100,000 Kyle can increase incomes for smallholder coconut farmers and create a secure supply chain for Kentaste.

    €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 8 hours on 31 October 2017.

      Summary

      Read the information document of the issuer here

      Kyle is not your typical Kenyan farmer. Born and raised in the US, he grew up farming in Jonesville, Michigan and briefly pursued a career in the world of investment banking. Driven by the desire to create meaningful impact, Kyle moved to Kenya and ventured into coconut farming followed by the manufacturing of coconut products through his company Kentaste. 

      Kentaste produces organic natural coconut products in the local market with coconuts sourced from local Kenyan farmers. Kyle has an ambitious goal to revolutionize the coconut industry. “The problem with the coconut industry is that the farmers don’t have formal and sustainable ways to operate,” says Kyle. Historically coconut farmers usually sold to unscrupulous brokers mostly interested in smuggling coconuts out of the country. Kentaste provides farmers with legal and fair opportunities to market their produce. Kentaste also trains its farmers, equipping them with the skills to improve their farming practices and thereby guaranteeing higher yields. Typical coconut farmers produce 600-700 nuts per harvest selling them to brokers at between $0.3 and $0.7. 

      Previous loans have been used to support the recruitment of the farmer supply chain. With this loan, Kentaste plans to invest in the existing supply chain by using factoring to pay suppliers on a short notice. The long-term benefits are increased incomes for the smallholder farmers and a secure and safe supply chain for Kentaste Products.

      Company nameKentaste Products Ltd. 3
      CEOKyle Denning
      Founded2008-01-01
      LocationMombasa
      SectorManufacturing / Production
      Turnover€927,479.53
      Employees35

      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

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      We have already contributed to Kentaste Products Ltd. 3

      Hajé van Egmond
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      Rene van den Burg
      Frans Eijsermans
      Jessy van der Kroon
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      159
      investors