Description
Hor Crystal is a social enterprise in the agricultural sector that provides integrated services for value chain completion. It was established with the purpose of solving the problems of unemployment, starvation, and poverty, which is predominant among youths and women
Market Opportunity/ Problem
There has been an alarming increase in unemployment and poverty rates in Nigeria and Africa at large especially amongst women and youth. Hor Crystal has mapped out the way out to give this population agricultural education and financial support making farming feasible and food available. The company sources, quality, low-cost inputs for these farmers on credit and provides them with market access opportunities
Company Information
Years of operation
4
Type of organization
Private company
Stage of the business
Growth stage
Agribusiness focus
Value addition/ processing
Agriculture value chain(s) focus?
Livestock
Primary country of operation
Nigeria
Other country(ies) of operation
N/A
How many employees does your business have?
30
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$)?
>1m
What is the split between equity and debt?
80% debt and 20% equity