YAK Fair Trade 12

Rúanda

YAK Fair Trade 12

YAK

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This new loan will be used for the purchase and sales of rice. With EUR 200,000 YAK Fair Trade is able to buy 275,000 kg of rice from Tanzania and Pakistan.

€200,000

Upphæð

6.50%

Áhugi

18 mánuðir

Gjaldagi

6 mánuðir

Endurgreiðslur

EUR

Gjaldmiðill

Upphæð	€200,000
Áhugi	6.50%
Gjaldagi	18 mánuðir
Endurgreiðslur	6 mánuðir
Gjaldmiðill	EUR

100%

Fullfjármagnað á 2 dögumá 21 November 2022.

Verkefnið

General information

Borrower: YAK FAIR TRADE LTD
Maturity: 18 months, semi-annually and linearly amortizing
Repayments: After 6, 12 and 18 months
Interest rate: 6.5% p.a.

Summary

Yak Fair Trade Ltd is a Rwandan agribusiness trade and livestock business (established in 2010) providing affordable and nutritious products (grains, meat and meat products), based in the Rwamagana district of the country’s Eastern Province. YAK sources indirectly from over 65,000 Rwandan small holder farmers through 52 cooperatives and processes them for sale to larger food processing companies.

One of YAK’s main clients is African Improved Foods (AIF), a public-private partnership involving DSM, Government of Rwanda, IFC, CDC Group and FMO, which locally produces highly nutritious foods for infants as well as pregnant and breastfeeding mothers.

Yak Fair Trade Ltd was founded by Janvier Gasasira and Mediatrice Uwingabire in 2010, initially focused on staple food value chain development including the processing and distribution of grains and wide variety beans and in 2010 expanded its offering to include dairy value chain development. YAK also owns shops in Kimironko Gasabo, Muhanga and Rwamagna districts for crop production.

Historically, YAK has purchased a minimum of 60% of its products from small holders farmers (via cooperatives) and hopes to increase the percentage of purchases from SHF through improved trade finance and capacity development of the farmers.

Loan purpose

The loan will be used for the purchase and sales of rice. With EUR 200,000 YAK Fair Trade is able to be purchasing 275,000 kg of rice from Tanzania and Pakistan.

YAK also acknowledges the need for earlier education at the cooperative level to improve farming methodologies and output. Yak train farmers on best practices as well as post-harvest technologies to avoid loss of production.

Mission

The company’s mission is to sustain the private entrepreneurship through sustainable development of supply chains of food to different clients.

Vision

To become a leading and prominent regional and international company in the food supply chain.

Fyrirtækjanafn	YAK
For the term "CEO," the appropriate translation in Icelandic is "forstjóri."	Janvier Gasasira
Stofnað	2010-01-01
Staðsetning	Rwamagana
Geiri	Landbúnaður
Velta	€2,800,000
Starfsfólk	30

Áhrif

YAK Fair Trade works hard to improve Rwanda's agricultural sector, which employs two-thirds of the country's workforce. The sector's biggest challenge is to overcome the limited access to high-quality produce. YAK trains smallholder farmers on best practices and post-harvest technologies to avoid production loss. Increased environmentally sustainable farming practices can bolster agricultural yields, helping farmers become more profitable. Sourcing products from over 65,000 local smallholder farmers through 52 cooperatives, YAK processes them for sale to larger food processing companies. Any surplus is sold to other institutions such as the World Food Program and UNHCR. This broad collaboration benefits rural livelihood, household income, and food security.