CIKAR
Description
CIKAR is a palm oil mill company that manufactures crude palm oil (red CPO) from fresh palm fruits, which the company buys directly from farming co-ops and individual farmers. CIKAR is located in Rumonge, Burundi.
Market Opportunity/ Problem
Burundi faces severe shortages of cooking oil and bathing soap. The Burundian Ministry of Agriculture estimated the national deficit in vegetable oils at around 80%. So, CIKAR was founded to increase the availability of good quality cooking oil and soaps made in Burundi.
Company Information
Years of operation
3
Type of organization
Private Company
Stage of the business
Early stage/ Startup
Agribusiness focus
Value addition/ processing
Agriculture value chain(s) focus?
Cash Crops
Primary country of operation
Burundi
Other country(ies) of operation
Tanzania, Congo, and Rwanda
How many employees does your business have?
31
Does the business have more than 30% women ownership?
Yes
Does the business have more than 30% youth ownership (under 35 years)?
No
Financing and expansion overview
How much capital is the company currently fundraising (US$)?
>$1m
What is the split between equity and debt?
80% equity, 20% debt