LENZIEMILL MILLING LTD
Description
Lenziemill is a family-owned business founded and registered in 2017 as an independent feed mill. Ownership structure → 50% female and 50% male, with one co-founder as youth. Our strategic objective → to address the existing supply gap in the animal feeds sub-sector by offering independent, high quality, and competitive animal feeds to both smallholders and semi-commercial farmers across Malawi
Market Opportunity/ Problem
MARKET GAPS: 1. Production of animal feeds is highly integrated within large-scale animal producers and raises quality and pricing issues for the sector; 2. Lack of inclusive innovative business models by existing millers because of wide-ranging and integrated business lines with missed opportunity for achieving inclusive impact; 3. For some feeds, such as fish feeds, there is completely no local manufacturing while producers solely depending on imported or home-made fish feed. SOLUTIONS: 1. Lenziemill plans to expand market share for poultry feeds via expansion of an inclusive “proof of concept” ‘Egg Hub’ model; 2. Roll-out production of fish feeds; 3. Invest in innovative and inclusive demand-creation model for fish feed
Company Information
Years of operation
3.5
Type of organization
Private company
Stage of the business
Early stage/ Startup
Agribusiness focus
Value addition/ processing
Agriculture value chain(s) focus?
Livestock
Primary country of operation
MALAWI
Other country(ies) of operation
KENYA
How many employees does your business have?
23
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$)?
USD 3,000,000
What is the split between equity and debt?
20% EQUITY, 80% DEBT