iProcure 8
With a loan of EUR 250,000 iProcure can purchase inventory (e.g. seeds and fertilizers) for the 17 depots and 4 regional warehouses and distribute the agricultural inputs to the 30,000 farmer base.
Projekt
Summary
iProcure is an agricultural inputs distribution company that leverages its proprietary mobile technology platform to lower the cost of agricultural inputs for the smallholder farmers (“SHF”). The company is able to provide farmers with cheaper agricultural inputs by aggregating demand from multiple farming communities through its mobile and online platforms and deliver the inputs based on the acquired data (orders, sales etc.). It focuses on last mile distribution channels, and most of its end clients are currently in the dairy sector.
The company has grown a nationwide network of over 17 operational depots and four regional distribution centers, located mainly in the Central and Rif Valley selling agricultural inputs directly to the farmers. The company’s objective is to build out the infrastructure (both brick and mortar as well as supply chain software) to make rural distribution cost effective and predictable. Using the iProcure platform the company registers local farmers, agro-dealers, and stockists (retail dealers) that require agricultural inputs for their clients. iProcure provides them with free access to the iProcure platform to aggregate orders and deliver the inputs to the stockists shortly after.
In 2017, iProcure secured its first consignment partnership (i.e the products are not on its balance sheet) with a leading East African manufacturer of Agri-Inputs. This involves the distribution of its products for a commission on sales with a cost sharing arrangement on warehousing expenses.
Mission
The company’s mission is to sustain SMEs (farmers) in rural areas through improved efficiency of supply chains.
Vision
By 2024, iProcure aims at becoming a regional Logistics & Technology company across East Africa meeting the needs of rural customers in the region.
Use of Proceeds
The company will use the funds as a working capital facility to purchase inventory and supply its network of agro-dealers around the country.
Impact
Accessibility of quality, affordable agricultural inputs to its network of agro-dealers and farmers.
This loan will allow iProcure to serve an additional 1,000 agro-dealers and circa 30,000 additional farmers purchasing quality, affordable inputs.
Highlights or Awards:
- Company founded in 2012
- 17 farm depots
- 4 regional distribution, storage and handling warehouses
- Serves > 3,000 agro-dealers
- >500 iPOS handheld devices distributed throughout network
- Proprietary platform with online and offline functionality
- CAGR of 137% in revenue between January 2015 and December 2019
- Interest and Support from Reputable Investors and Partners
Fortem Holdings
Náraz
Mnohí drobní poľnohospodári v odľahlých lokalitách majú problém dostať sa k poľnohospodárskym potrebám, ktoré potrebujú na pestovanie a predaj svojich plodín. iProcure spája širokú sieť miestnych predajcov na svojej mobilnej technologickej platforme, vďaka čomu majú miestni poľnohospodári včasný a pohodlný prístup k potrebným potrebám. Vďaka agregácii dopytu z viacerých poľnohospodárskych komunít dostanú zákazníci potrebné poľnohospodárske vstupy včas a za prijateľné ceny.
Progresívne partnerstvá, ako je sieť iProcure, majú potenciál zvýšiť ekologicky udržateľné poľnohospodárske postupy, ktoré môžu podporiť výnosy a produktivitu drobných poľnohospodárov. Na druhej strane to môže zvýšiť príjmy na vidieku a zvýšiť ziskovosť, potravinovú bezpečnosť a výrazne znížiť chudobu.
SDGs ovplyvnené
Týmto projektom prispievate k plneniu nasledujúcich cieľov trvalo udržateľného rozvoja:
SDG 1 - Žiadna chudoba
SDG 2 - Nulový hlad
SDG 8 - Dôstojná práca a príjem
SDG 12 - Zodpovedná spotreba a výroba
Prečítajte si viac o vplyve, ktorý môžete dosiahnuť prostredníctvom našej platformy a SDGs na našej stránke o vplyve.
Súvisiace príspevky na blogu
- Prečítajte si predstavenie aplikácie iProcure v našom portfóliu tu.
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V tomto článku sa dozviete, ako iProcure bojuje proti chudobe pomocou technológií.
- Navštívili sme prevádzky spoločnosti iProcure v Keni a v tomto článku sme písali o ich vplyve na život agropodnikateľov a miestnej komunity.
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