Horticulture in Reality Corporation Ltd(HoReCo)
HoReCo produces Irish potato seeds to reduce the gap in availability of improved, supporting the seed value chain as well as youth and women employment in Northern province of Rwanda. HoReCo produces the eeds on 50 hectors of land. HeReCo produces 600 tonnes of seeds per year.
Market Opportunity/ Problem
Rwanda needs 35,000 tonnes of quality Irish potato seeds per year with an undersupply from local seed producers. This causes farmers to use thier own seeds which yield nearly half compared to the improved seeds. There is also a market Congo, Burundi and parts of Uganda as farmers come to buy irish potato seeds in Rwanda and are willing to pay higher prices.
Years of operation
Type of organization
Stage of the business
Agriculture value chain(s) focus?
Primary country of operation
Other country(ies) of operation
How many employees does your business have?
Does the business have more than 30% women ownership?
Does the business have more than 30% youth ownership (under 35 years)?
Financing and expansion overview
How much capital is the company currently fundraising (US$)?
What is the split between equity and debt?
70% debt and 30% equity