YAK Fair Trade 12

Rwanda

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

Suma

6.50%

Interes

18 luni

Maturitate

6 luni

Rambursări

EUR

Valută

Suma	€200,000
Interes	6.50%
Maturitate	18 luni
Rambursări	6 luni
Valută	EUR

100%

Finanțare integrală în 2 zile pe 21 Noiembrie 2022.

Proiectul

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.

Numele companiei	YAK
CEO	Janvier Gasasira
Fondată	2010-01-01
Locație	Rwamagana
Sector	Agricultură
Cifra de afaceri	€2,800,000
Angajați	30

Impact

YAK Fair Trade lucrează din greu pentru a îmbunătăți sectorul agricol din Rwanda, care angajează două treimi din forța de muncă a țării. Cea mai mare provocare a sectorului este să depășească accesul limitat la produse de înaltă calitate. YAK instruiește micii fermieri cu privire la cele mai bune practici și tehnologii post-recoltă pentru a evita pierderile de producție. Intensificarea practicilor agricole durabile din punct de vedere ecologic poate spori randamentele agricole, ajutând fermierii să devină mai profitabili. Achiziționând produse de la peste 65 000 de mici fermieri locali prin intermediul a 52 de cooperative, YAK le prelucrează pentru a le vinde unor companii mari de prelucrare a alimentelor. Orice surplus este vândut altor instituții, precum Programul alimentar mondial și UNHCR. Această colaborare largă aduce beneficii mijloacelor de subzistență rurale, veniturilor gospodăriilor și securității alimentare.