Zanj Spice Limited

EDFI MC provided, through AgriFI, its EU funded agriculture initiative, a senior debt in the amount of EUR 1 million to Zanj Spice Limited, to finance a new processing facility and machines so that the company can process an increased volume of spices.

Project overview

Zanj Spice Limited is an organic-certified spice enterprise, which stands for fair-trade, sustainable and transparent commerce. Their mission is to improve the social, ecological and financial livelihood of smallholder farmers by including them into the spice value chain, pushing them towards organic production and giving them access to high standards and reliable markets.

Funding objective

AgriFI will provide a EUR 1 million senior loan to finance a new processing facility and machines so that the company can process an increased volume of spices. To support the growth, additional on-site camps will also be built for farmers’ use, in a number of new villages, thus expanding sourcing to new smallholders.

Expected impact story

With the growth targets contemplated, Zanj Spice Limited aims at sourcing from an additional 430 new smallholder farmers, who are expected to produce an extra 125 tons per year cultivated on 450 additional hectares.

Investment rationale

AgriFI is willing to support Zanj Spice Limited, which focus is very aligned with the country’s agricultural objectives, because the project embraces a holistic approach, impacting positively the farmers and fighting against deforestation. AgriFI is playing a market developer role by providing the company with its first long term loan.

More info:

• Press release
• Disclosure
• Zanj Spice Limited – 1001 Organic