Josphat Munyao and Hepsibah Mwangowe, as the directors and founders of Riziki founded their business with just KES 5,000 back in 2012. Today, the business they achieved has over KES 120M annual turnover, employs 5 permanent staff and offers jobs to over 50 people on casual basis, 3 times a week when processing fruits and vegetables for export.
The company offers a ready market to thousands of small holder farmers, from whom the fruits and vegetables are sourced thereby directly and/or indirectly impacting the lives of many households.
Riziki ships their fruits to many countries around the world including Europe and the Middle East. The company is a member of the Fresh Produce Consortium of Kenya (FPC Kenya).
Many exporters like Riziki procure fresh produce from the farmers then process, ship out to customers in foreign countries and collect from their customers before paying the farmers. These delayed payments for produce impact the farmers negatively, as many rely on the proceeds from their farm sales for survival.
With this financing, Riziki will be able to cushion their farmers against delayed payments by their customers and ensure that they pay their farmer supplier within 24 hours. This guarantees Riziki and its overseas customers consistent supplies of fruits and vegetables from the happy farmers. In addition, it will also allow the farmers meet their basic needs such as food, medical care and education for their households.