Farmer Lifeline Technologies (Crop Disease & Pests Detection Device )
Description
Farmer Lifeline technologies exists to solve problems faced by farmers by using technology to come up with timely solutions. The crop disease and pest detection device is mounted in the farm and takes pictures of the farm frequently and in case a pest or a disease is identified, it sends an SMS to the farmer of the infestation and the action to take. The information is then sent to the analytics dashboard for analysis and future decision making. The device has a radius of 300 meters and is powered by solar.
Market Opportunity/ Problem
In Kenya alone, over 75% of Kenyans make their living through farming. This is over 33-million Kenyans. In Africa, over 61% of Africans make their livelihood through farming. Our current addressable market in Kenya is 25% of these farmers by 2024, based on the current growth-rate. This forms an addressable market worth $78 million in Kenya and $1.6 billion market in Africa. Addressing 20% only of this market in Kenya alone will increase the farm produce by 45% and increase the contribution of agriculture to the Kenyan GDP from the current 33% to 42%. This is a goal we can achieve in the next 4 years sustainably. No other company in Kenya is addressing this market niche in a similar manner. We are sure of sustaining a capturing at least 20% of our addressable-market by 2024 based on the healthy growth-rate we have maintained of 28% month-to-month growth-rate since inception.
Company Information
Years of operation
2
Type of organization
Private company
Stage of the business
Early stage/ Startup
Agribusiness focus
Agritech
Agriculture value chain(s) focus?
Food crops
Primary country of operation
Kenya
Other country(ies) of operation
N/A
How many employees does your business have?
Full-time employees 4, Volunteers 4, Contract agricultural officers (partners) 12
Does the business have more than 30% women ownership?
No
Does the business have more than 30% youth ownership (under 35 years)?
Yes
Financing and expansion overview
How much capital is the company currently fundraising (US$)?
50000
What is the split between equity and debt?