Description
Created in 2019, Larando SARL is a Guinean company active in transforming and promoting organic agricultural products. The company supports smallholder farmers with technical assistance to meet organic certification standards. In addition, the firm also produces and sells cosmetic products made from local agricultural inputs.
Market Opportunity/ Problem
Agriculture plays a significant role in accelerating the development of the Republic of Guinea. The country has natural resources and an appropriate climate for producing a variety of agricultural products throughout the year. However, the country’s products are not very competitive on the world market because of the lack of certification, poor packaging, lack of rigorous quality control, irregularity of product supply, etc. Larando aims to tackle all these issues by providing technical assistance to local farms and promoting local products by transforming and distributing them in and outside the country
Company Information
Years of operation
2
Type of organization
Private company
Stage of the business
Growth stage
Agribusiness focus
Value addition/ processing
Agriculture value chain(s) focus?
Other
Primary country of operation
Guinea
Other country(ies) of operation
N/A
How many employees does your business have?
14
Does the business have more than 30% women ownership?
Yes
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$)?
500k-1m
What is the split between equity and debt?
100% debt