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: 285,000 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 Company is looking to raise debt financing to modernize its facilities, equipment and working capital. The largest cost in fish farming is the fish feeds so the company is looking to procure...
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 received a grant from USAID to reach out to more SACCOs and is looking to raise an extra $500,000 to...
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: 450,000 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 received a matching grant of 225,000 USD. They currently seek another 225,000 USD matching investment to build a 300sqm dried fruit processing facility, purchase new hybrid dryers and train, register and inspect up to 500 farmers in organic standards. Impact The company has the following positive impacts; The company has trained and works with over 165 farmers in producing organically certified fruits. The Company is a member of the organic and fair trade protocol and...
Providing last mile distribution and servicing solutions for solar products

Providing last mile distribution and servicing solutions for solar products

Providing last mile distribution and servicing solutions for solar products Sector: Solar Energy Year of establishment: 2010 Turnover: USD 50,000 – 150,000 Investment need: USD 141,000 Product, market solution and potential The company was established in 2010 and aims to solve the problem of accessibility and affordability of solar systems in rural areas. The Company recruits and trains to sell, install, maintain and repair solar products/installations in rural Uganda. The company aims to scale across Uganda and East Africa for the next 3-4 years as a for-profit entity with NGOs and other impact-oriented partners. Uganda can support up to 600 shops across all rural districts by end of 2018. The company hopes to have over 100 shops and have sold/repaired 100,000 solar products while impacting 500,000 people. Entrepreneur and Team The company was co-founded by two talented and awarded entrepreneurs, with extensive experience in solar, sales and marketing. Turnover and Investment need The company has a turnover of USD 50,000-USD 150,000 and is looking for an investment need between USD 141,000 as working capital to finance their expansion plans which include 100 new shops and franchises, 100,000 products sold, installed or repaired, training of 1,000 youth as technicians and affordable financing options for the base of the period that may not be in position to pay for products in cash. Impact The company trains youth between the ages of 19-30 within the communities so they can gain technical expertise and be able to install, maintain, and repair solar products. The company provides pay go enabled products and partnerships with SACCOs to those that can’t afford one off payments. Breaks...
Affordable high quality medical laboratory supplies

Affordable high quality medical laboratory supplies

Affordable high quality medical laboratory supplies Sector: Health Year of establishment: 2000 Turnover: USD 1.5M – USD 2M Investment need: USD 1.080.000 Product, market solution and potential The company was established in 2000 and is a member of an international group, with its headquarters in Europe. It is one of the leading diagnostics company in Uganda today with a wide range of product offerings from small instruments to state of the art fully automated systems. The company prides in a full range of diagnostic reagents and test kits for chemistry, haematology, immunology and antiseras and offers the health sector a variety of rapid test kits. Over more than 15 years, the company has obtained experience and coverage of the Ugandan market in distributing a wide range of products. The company aims at automating its manufacturing plant and upgrade existing equipment technology which will enable efficient production ensuring timely delivery, product availability and standardized quality of output. Furthermore, there is an ambition for opening up an equipment Lease line to further expand the usage of its products within Uganda and the East African region. Entrepreneur and Team The company is a registered limited liability company, owned entirely by two shareholders, who are assisted by a management team and consultants who are qualified professionals with vast experience in operations, purchasing and marketing. Turnover and Investment need The company has a turnover between USD 1.5M – USD 2M and its investment need is USD 1.080.000, they need USD 200.000 for reagent processing, USD 200,000 for equipment lease and USD 680,000 for equipment upgrade. Impact The company offers easy accesses of laboratory reagents across the country to even...