YAK Fair Trade 12

Ruanda

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

Montante

6.50%

Interesse

18 meses

Maturidade

6 meses

Reembolsos

EUR

Moeda

Montante	€200,000
Interesse	6.50%
Maturidade	18 meses
Reembolsos	6 meses
Moeda	EUR

100%

Totalmente financiado em 2 dias em 21 novembro 2022.

O projeto

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.

Nome da empresa	YAK
DIRECTOR EXECUTIVO	Janvier Gasasira
Fundada	2010-01-01
Localização	Rwamagana
Sector	Agricultura
Volume de negócios	€2,800,000
Empregados	30

Impacto

A YAK Fair Trade trabalha arduamente para melhorar o sector agrícola do Ruanda, que emprega dois terços da força de trabalho do país. O maior desafio do sector é ultrapassar o acesso limitado a produtos de alta qualidade. A YAK dá formação aos pequenos agricultores sobre as melhores práticas e tecnologias pós-colheita para evitar perdas de produção. O aumento das práticas agrícolas sustentáveis do ponto de vista ambiental pode aumentar os rendimentos agrícolas, ajudando os agricultores a tornarem-se mais rentáveis. Ao adquirir produtos a mais de 65.000 pequenos agricultores locais através de 52 cooperativas, a YAK processa-os para os vender a grandes empresas de transformação alimentar. Os excedentes são vendidos a outras instituições, como o Programa Alimentar Mundial e o ACNUR. Esta ampla colaboração beneficia os meios de subsistência rurais, o rendimento das famílias e a segurança alimentar.