Best Food Solution
Description
Best Food Solution is a Social enterprise which adds value to locally produced chili by processing it into innovative products like chili oil, chili powder and sundried chilies. We also make ecofriendly, affordable and effective chili-based pesticides. We work closely with farmers grouped into cooperatives whom we provide with selected seeds and buy their chilies products at an agreed price.
Market Opportunity/ Problem
2 years back, I got so shocked to find out that 121 tonnes metrics of Chili go to waste in Burundi yearly yet Burundi was spending over $18million USD in import of Chili from Rwanda. I decided to initiate Best Food Solution as a Chili processing company introducing innovative products like Chili oil, Chili powder, Chili powder and sundried Chilies.
Company Information
Years of operation
1
Type of organization
Private company
Stage of the business
Early stage/ Startup
Agribusiness focus
Agro-processing
Agriculture value chain(s) focus?
Value addition
Primary country of operation
Burundi
Other country(ies) of operation
N/A
How many employees does your business have?
Total of 34 including full-time and seasonal workers
Does the business have more than 30% women ownership?
No
Does the business have more than 30% youth ownership (under 35 years)?
Yes
Financing and expansion overview
How much capital is the company currently fundraising (US$)?
$2.400.000
What is the split between equity and debt?
Not fundraising for debt