Providing low income Ugandan households with cost-saving, safe and eco-friendly energy solutions

Providing low income Ugandan households with cost-saving, safe and eco-friendly energy solutions

Providing low income Ugandan households with cost-saving, safe and eco-friendly energy solutions Sector: Clean Energy Year of establishment: 2012 (incorporated in 2013) Turnover 2016: 740, 000 USD (2015: 370,000 USD) Investment need: 1,0000,000 USD – 1,500,000 USD Product, Market Solution The company started its activities in 2012 producing briquettes and selling stoves purchased from a local manufacturer but with an overall vision of providing energy saving solutions. In 2013 the Company started producing their own energy efficient cook stoves.The briquettes are cheaper than traditional charcoal and burn longer allowing the users to make a saving of 20-40% of energy costs. The briquettes are fully made out of waste, for each kilogram of briquettes, 4.6 kg of waste is recycled. The energy-efficient stoves that allow the user to save up to 40% of the money usually spent on charcoal. They have also recently started selling small amounts of solar lamps and water filters, both relevant to reduce pollution and enable money savings. Entrepreneur and team The Company founder holds Master’s degrees in engineering, philosophy and economics and is currently pursuing doctoral studies on social entrepreneurship in Africa and is supported by a team of over 100 staff with a mix of local and expatriate staff. Turnover and investment need The Company’s turnover grew from $370,000 to $740,000 between 2015 and 2016. The Company is looking for financing to further scale-up through optimization of its production and distribution processes. The Company is looking to set up competent R&D team by hiring and training staff, increasing it’s distribution network by recruiting and training about 30 new micro-entrepreneurs per year . Impact The...
Mixed farm enterprise using environmentally friendly innovations and a vibrant network of farmers

Mixed farm enterprise using environmentally friendly innovations and a vibrant network of farmers

Mixed farm enterprise using environmentally friendly innovations and a vibrant network of farmers Sector: Agriculture Year of establishment: 2000 (formally registered 2008) Turnover 2016: 670,000 USD (2015: 600,000 USD) Investment need: 250,000 USD Product, market and potential The company started out trading in cereals such as maize and sim sim and then expanded into livestock and fish farming in ponds and cages as well as production of fish fry.  The Company are currently the largest fish farm in Northern Uganda and supply fish to South Sudan, Western Kenya, Eastern Congo and Rwanda. The fish farm provides over 70% of the Company revenues and this is complimented with revenues from grains and livestock. The current market demand for fish outstrips the supply with customers requiring over 10 tonnes per week while the Company produces only 10 tonnes per month whilst utilizing only 20% of current capacity. Entrepreneur and Team The Company was founded by two youth who were looking to make a difference in the lives of farmers by offering fairer prices than the middlemen. They have since won national farming awards for their excellence in farming and are certified by the National Bureau of Standard. The Company has in the past gotten technical assistance from PUM experts to improve their farming methods. Investment need The Company’s revenue has grown steadily over the years with year on year growth of over 20% for the last four years. The largest cost in fish farming is the fish feeds so the company is looking to procure fish feed pelletizing machines to produce their own cheaper and better quality feeds. The Company is...
Online banking and digital credit market platform

Online banking and digital credit market platform

Online banking and digital credit market platform Sector: Fin Tech Year of establishment: 2014 Turnover: USD 70K-100K Investment need: 500K Product, market solution and potential The company was established in 2014. They developed a banking and digital credit market platform integrated with mobile tools that enable Savings and Credit Cooperative Organisations SACCOS and Microfinance institutions MFIs to lend money to growing businesses in East Africa.  Rural Cooperatives that work with urban based financiers are able to get working capital loans. Whereas lenders can provide financing to this market segment, they are also able to monitor borrower repayment patterns to provide a credit rating as basis for credit underwriting. The company offers a mobile and web based user friend platform for Savings and Credit Cooperatives organisations (SACCOS) and Microfinance institutions (MFIs), creating ease of financial transactions and reducing the risks in the microfinance industry. The company has software that provides substantial data and information to enable credit underwriters in the micro finance market make good judgement on clients prior to advancing credit. Entrepreneur and Team The company is a registered limited liability company founded by a team of innovative youth who have won the Resilient Africa award and the World Summit award 2015.  One of the founders is a certified entrepreneur with a background in the financial services industry, particularly conversant with electronic payment systems. He also has a background in a telecom industry and exposure to government projects working with savings and cooperative organizations (SACCOS). Turnover and Investment need The company has a turnover between USD 50,000-100,000 and an investment need  of up to USD 500,000 of which 70% will be...
Medical and hazardous waste disposal

Medical and hazardous waste disposal

Medical and hazardous waste disposal Sector: Waste disposal Year of establishment: 2009       Turnover 2015: 450,000 USD Investment need: 400,000 USD Product, Market Solution The waste disposal company was started in 2009, The Company was disposing medical and hazardous waste and farm waste of about 400 tons, as it grew it concentrated more on disposing medical waste of big hospitals, they offer cleaning services to hospitals, consultancy for a big company involved in oil drilling and supply clients with composite machines imported from china. The company has an advantage of having an incinerator which disposes 130 kg of waste for 24 hours day and night shifts instead of having to travel outside the city to dispose the waste. The company has exhausted all the major hospitals in Kampala and is targeting working in Mukono and Masaka district because of the market potential there that has not been tapped into yet. Entrepreneur and team The company is owned by an Entrepreneur who has a background in Law and Business development she owns 100% shares of the company and she does the business development of the company, she is assist by an assistant business development officer, finance administrator, client relations person, two account managers, process minders, drivers and a team that supervises the waste collection. Turnover and investment need Turnover in 2015 was 450,000 USD, the company needs an investment need of 400,000 USD to buy an auto clave  which would increase on the tons of waste and make the disposal process much faster, put up structures where the machines will be kept and also buy a bigger generator and incinerator. Impact...
Dried fruit and pasteurized fruit juice company

Dried fruit and pasteurized fruit juice company

Dried fruit and pasteurized fruit juice company Sector: Agro-processing Year of establishment: 1994           Turnover: 100,000 USD – 150,000 USD Investment need: 225,000 USD Product, market solution and potential The company was incorporated in 2008, it was the first company to pasteurize juice in Uganda, and in 2015 the company become organically certified and is now supplying organically dried fruit to the USA. The company makes banana juice, orange juice, pineapple juice and a tropical fruit punch and for the dried fruit the company makes pineapple, jackfruit, papaya and banana and they plan to do mango as well. The biggest demand is in dried fruit which takes up 75% and juice 25%. The Company currently has more market demand than current capacity allows and is looking to increase its capacity by 18-36MT dried fruit per month. Entrepreneur and Team The company is family owned with 70% shares with an American investor who has 30% shares; they are assisted by a manufacturing engineer, a food scientist in charge of processing and a certified accountant with an MBI and 23 other employees. Turnover and Investment need The turnover in 2015 was between 100,000 USD – 150,000 USD and the company is looking for an investment need of 225,000 USD for a new building that will cost between 60,000 USD – 75,000 USD and the rest of the money would go to new dryers, extension workers, more personnel and also another vehicle. Impact The company has the following positive impacts; The company has trained and works with over165 farmers in producing organically certified fruits. The Company is a member of the organic and...