Description
Sokoine University Graduate Entrepreneurs Cooperative (SUGECO) is for the youth by the youth service cooperative working to promote, facilitate and establish agribusiness projects for youth and women self-employment.
Market Opportunity/ Problem
SUGECO has an existing off-taker who needs a sustainable supply of mango (34k MT) and beans (15k MT) annually. However, current smallholder farmers cannot meet the demand because of the business model set up. Therefore, the company is supporting them in various ways to build their capacity to meet this demand.
Company Information
Years of operation
10
Type of organization
Cooperative
Stage of the business
Growth stage
Agribusiness focus
Primary production
Agriculture value chain(s) focus?
Cash Crops
Primary country of operation
Tanzania
Other country(ies) of operation
N/A
How many employees does your business have?
22
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?
60% debt and 40% equity