East Africa Fruits
Period
2021 2024
Country
Tanzania
Sector
Agriculture
Financial facility
AgriFI
EDFI AgriFI invested $1.5 million in East Africa Fruits, a distributor of fresh fruits, vegetables & grains, from rural farmers towards urban customers.
Project overview
EDFI AgriFI committed circa € 1.3 million to support the East Africa Fruits’ scale up. The financing has been allocated to develop operations and invest in additional trucks, collection centres and machinery, aiming to reach 10,000 farmers by 2025.
East Africa Fruits production, trading and distribution business is committed to minimise post-harvest losses by reducing intermediaries in the food value chain.
Funding objective
AgriFI funding aims to support the company’s activities scale up: financing additional trucks, collection centres and machinery while providing working capital to keep sourcing
from more farmers.
Investment rationale
- 100% out grower model with repayment of value to smallholders
- Reinforcement of domestic value chain & food security, tackling a structural issue of post-harvest losses
- Highly scalable mode
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Key Indicators
Financial Instrument
Long-term loan
Amount
€1.3 million and €1.8 million
Year
2021 and 2024
Targeted impact
10,000 smallholder farmers
