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Description
Rio Fish is a social enterprise providing sustainable livelihoods and increasing food security by strengthening aquaculture market systems in Lake Victoria.
Market Opportunity/ Problem
Many small-scale farmers do not make profits due to inefficient operations, poor quality inputs & aquaculture practices, and lack of sound financial management. The lack of a structured market for the fish, poor physical infrastructure & inadequate cold chain facilities hinders the market. As a result, demand and supply cannot be effectively matched, causing shortages, post-harvest loss, and price disparities. Rio Fish addresses all these issues and creates an efficient market.
Company Information
Years of operation
7
Type of organization
Private company
Stage of the business
Growth stage
Agribusiness focus
Primary production
Agriculture value chain(s) focus?
Other
Primary country of operation
Kenya
Other country(ies) of operation
N/A
How many employees does your business have?
14
Does the business have more than 30% women ownership?
Yes
Does the business have more than 30% youth ownership (under 35 years)?
Yes
Financing and expansion overview
How much capital is the company currently fundraising (US$)?
>1m
What is the split between equity and debt?
50% equity, 50% debt
