Nyangorora Banana Processors
Description
Nyangorora Banana Processors works in collaboration with rural banana farmers along the banana value chain. The company has also collaborated with other development partners to make the value chain a success. This includes establishment of collection centres, cold storage facilities, etc.
Market Opportunity/ Problem
Kenya has two peak seasons for banana production. During the peak seasons, farm-gate prices fluctuate from as low as US$3 per bunch weighing approximately 20-22 kg. The same bunch can, however, be sold for US$8-10 in Nairobi. The sale of green and ripe bananas in the city introduce a lot of garbage. Furthermore, there are high post-harvest losses during the peak seasons due to the high perishability of the commodity, poor post-harvest handling and poor road networks, which limit timely market access.
Company Information
Years of operation
8
Type of organization
Private Company
Stage of the business
Growth stage
Agribusiness focus
Value addition/processing
Agriculture value chain(s) focus?
Food Crops
Primary country of operation
Kenya
Other country(ies) of operation
Europe
How many employees does your business have?
24
Does the business have more than 30% women ownership?
Yes
Does the business have more than 30% youth ownership (under 35 years)?
No
Financing and expansion overview
How much capital is the company currently fundraising (US$)?
Below $250k
What is the split between equity and debt?
100% debt