Toluse crown (Charis Rice)
Toluse crown king business empire is an agricultural company that has mastered the art of building a self-sufficient and sustaining ecosystems. The company specializes in organic rice cultivation, rice processing under trademarked brand name Charis Rice and employs solely biodiesel to fuel its crop processing and sales all in tandem.
Market Opportunity/ Problem
Rice is the most largely consumed staple in Nigeria. Nigeria consumes 9,000,000 metric tons of rice annually with a mere 60% coming from local production. This has shows the huge existing market gap amid ever increasing demand. Charis rice in a bid to bridge the gap provides farmers with credit to cultivate rice and supply the local market. Its aim to impact the market more by supplying large quantities to an ever-growing market.
Years of operation
Type of organization
Stage of the business
Agriculture value chain(s) focus?
Primary country of operation
Other country(ies) of operation
How many employees does your business have?
Does the business have more than 30% women ownership?
Does the business have more than 30% youth ownership (under 35 years)?
Financing and expansion overview
How much capital is the company currently fundraising (US$)?
$250k – $500k
What is the split between equity and debt?