LimAfrica Agrisolutions
Description
LimAfrica Agrisolutions is a youth-owned venture, empowering livelihood improvement for smallholder farmers through agricultural uptake. LimAfrica is currently working with smallholder farmers in the counties of western Kenya (Homa Bay, Kisumu, Siaya, and Migori) through input provision, market linkages, agricultural extension service deliveries, training, and technological dissemination to empower them for food security. The target value chains are staples (maize, rice, and sunflower), high-value horticulture, and poultry.
Market Opportunity/ Problem
Kenya Poultry Farmers Association projects an increase in the consumption of chicken meat from the current 50k metric tons to 160k metric tons by 2030 ( KEPOFA , 2016). Western Kenya’s target market has a population of 10m people who consume approximately 400k chickens daily. Local farmers produce 30% of the daily consumption, with the remaining 70% imported from neighboring countries such as Uganda.
Company Information
Years of operation
4
Type of organization
Private company
Stage of the business
Growth stage
Agribusiness focus
Primary production
Agriculture value chain(s) focus?
Livestock
Primary country of operation
Kenya
Other country(ies) of operation
N/A
How many employees does your business have?
21
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$)?
50k-500k
What is the split between equity and debt?
50% debt and 50% equity