Alito Joint Farmers Multipurpose Cooperative
Description
Alito Joint Farmers Multipurpose Cooperative is involved in soybean seed multiplication, grain bulking, tractor hire services, and sunflower oil processing. In addition, it offers extension services to members, improved seeds, and other inputs and micro-loans for investment.
Market Opportunity/ Problem
With the increasing production and oilseeds being the major cash crop for the region, the cooperative is projecting to expand its processing of sunflower and soybean to create an alternative market channel for farmers and offer better prices. In addition, the growing coverage and production of oilseeds will require more quality seeds. As such, the cooperative is increasing the number of local seed producers from 150 to 250 to meet the growing demand for seed.
Company Information
Years of operation
17
Type of organization
Cooperative
Stage of the business
Growth stage
Agribusiness focus
Primary production
Agriculture value chain(s) focus?
Cash Crops
Primary country of operation
Uganda
Other country(ies) of operation
N/A
How many employees does your business have?
21
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$)?
50k-500k
What is the split between equity and debt?
100% debt