funding gap emerging markets
Kenya

Octagon Ventures Limited 2

  • FinancialAccess
  • Local partner investment
  • + 35 other investors
  • With EUR 20,750 Stella is able to expand the line of supplying high-quality personal care products to retailers in Kenya.

    €20,750
    Amount
    6.00%
    Interest
    12 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€20,750
    Interest6.00%
    Maturity12 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 5 minutes on 22 June 2018.
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      Summary

      Octagon was established in 2011 by Stella Oeri and Margaret Theuri, two ladies with an extensive marketing background at large retailers.  Its mission is to trade in own-brand fast moving consumer and household products (mainly baby wipes, hygienic wet towels and associated personal grooming items).

      This is achieved by contracting manufacturers in China to make these products.  Octagon’s brand is called Comfort and its range of products are sold through larger and smaller retailers throughout the country.

      However, the long-term plan has been to shift manufacturing to Kenya. This is in line with the national policy to concentrate on building up a value-add manufacturing sector – rather than relying on imports for the majority of consumer goods. Over the next 2-3 years we expect Octagon to gradually move its procurement base to Kenya.

       

      Company nameOctagon Ventures Limited 2
      CEOStella Oeri
      Founded2011-01-01
      LocationNairobi
      SectorManufacturing / Production
      Turnover€151,682
      Employees5

      Impact

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

      • With this investment 1 jobs are created
      • With this investment 4 people are reached

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      We have already contributed for Octagon Ventures Limited 2

      Niek de Bruijn
      Jos Vlak
      Marc Sierink
      Marco Mansveld
      + and another
      35
      investors