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funding gap emerging markets
Uganda

Mubende Agro Supply

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  • With EUR 88,000, Mubende Agro Supply is able to pay farmers quicker to facilitate continuous supply of grain from the farmers to Mubende.

    €88,000
    Importe
    6.00%
    Interés
    12 meses
    Vencimiento
    6 meses
    Reembolsos
    EUR
    Moneda
    Importe€88,000
    Interés6.00%
    Vencimiento12 meses
    Reembolsos6 meses
    MonedaEUR
      100%
      Completamente financiado en 7 horasen 28 Marzo 2019.

      El proyecto

      Mubende Agro supply and processor Limited was founded by Jean De Dieu Twahirwa and Venantie Nyirambabajende and incorporated as a Limited Company in July 2014. The core business of the Company is procuring grain directly from the farmers thus offering ready market to the farmers and directly impacting their lives. The grain is dried, cleaned, graded and bulked for supplies to UN agencies and other agro processors in the country and the Great lakes region especially South Sudan, Kenya and Rwanda. The grain includes beans, maize, sorghum, Soya beans and cassava. They employ 5 permanent staff but offer jobs to over 40 people on casual basis during other processing of the grain, that is, drying, cleaning loading and offloading.

      The company has rapidly grown over the past five years and was able to turn over EUR 4 million in 2018. Mubende are a member of the grain umbrella body -The Uganda Grain Council.

      Most grain dealers such as Mubende usually collect produce from farmers, process then sell to their agro-processors or even export to regional buyers who only make payment days after delivery. The delayed payments impact farmers negatively since many of them rely on proceeds from sales of the grain in order to meet their basic needs. With this financing Mubende, will be able to pay the farmers on time thus securing a continuous supply of grain from the contented farmers. In addition, the farmers can also meet their basic needs through the prompt payments received.

      Nombre de la empresaFinancialAccess
      Director generalJean De Dieu Twahirwa
      Fundado2014-07-21
      UbicaciónMubende
      SectorAgricultura
      Volumen de negocio€3,924,320
      Empleados5

      Impacto

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