Description
Viphya chambo produces table size fish and fingerlings. The company is on an offtake arrangement with smallholder farmers. The smallholder farmers are supplied with mono-sexed fingerlings and the company offtakes fish at harvest.
Market Opportunity/ Problem
Malawi faces a large scarcity of fish due to dwindling catches in lake Malawi, therefore aquaculture provides the alternative. Government is encouraging the growth of the aquaculture sub-sector to address the fish protein scarcity. The company has engaged smallholder fish farmers in an offtake arrangement to increase production.
Company Information
Years of operation
10
Type of organization
Sole Proprietorship
Stage of the business
Growth stage
Agribusiness focus
Primary production
Agriculture value chain(s) focus?
Other
Primary country of operation
Malawi
Other country(ies) of operation
N/A
How many employees does your business have?
11
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?
47% Equity and 53% debt