funding gap emerging markets
Kenya

Paem Company Ltd

  • FinancialAccess
  • Local partner investment
  • + 257 other investors
  • With EUR 172,000, Paem will continue supporting the thousands of small holder farmers who are its suppliers by ensuring that they are paid on a timely manner upon delivery of their produce.

    €172,000
    Amount
    6.00%
    Interest
    12 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€172,000
    Interest6.00%
    Maturity12 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 2 hours on 11 June 2019.
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      Summary

      Pally Muchiri was born in the macadamia growing region of Embu. While working for a local bank in Kenya, Pally and his wife (Emmy Muchiri ) used to help farmers aggregate their macadamia and market the same to processors/exporters through Paem company, a company they founded in 2012. By working with the farmers in their village over time, they built a strong supply base of farmers on which they leveraged on when they decided to process and export the macadamia themselves when their processing factory was complete in 2014.

      Paem nuts has been offering a sustainable market to thousands of small holder farmers growing macadamia while at the same time ensuring that the end consumer enjoyed a healthy nuts snack. Their current facility has a processing capacity of 34 tonnes of Kernels per month and a warehouse storage capacity of 300 tons of nuts. Nut cracking is done manually with over 220 (mostly women) workers at the facility and over 52 women involved in sorting out the nuts.

      Pally and Emmy are in the process of establishing second, modern- automated, macadamia nut processing factory in Embu, one of the major nut producing region, with the intention of dedicating the current/existing facility to organic macadamia processing.

       

      Company namePaem Company Ltd
      CEOPally Muchiri
      Founded2012-02-12
      LocationThika
      SectorAgriculture
      Turnover€7,344,300.89
      Employees273

      Impact

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

      • With this investment 25 jobs are created
      • With this investment 100 people are reached

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      We have already contributed for Paem Company Ltd

      Boudewijn Gailliaert
      Frans Wittenberg
      Jan de Wit
      Liesbeth Dorama
      Roger Klaver
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      257
      investors