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Coastal farmers in Kenya receive below-market prices for their coconut fruit due to inaccessibility to markets. Without sufficient income, farmers remain subsistence farmers and therefore cannot afford to access their basic needs. This cycle of poverty continues for subsequent generations
Inagape purchases coconuts directly from farmers at fair market rates, dehydrates the coconut and packages it into snack packs, which are currently sold throughout Kenya. This value-add processing increases the margins that Inagape can earn on the sales of its coconut products, making it easy to pay farmers a fair market price.
As a result of an increase in income, these farmers are able to afford to buy products and services that improve their lives.
Inagape successfully brought its first product to market in late 2015 and has already sold over $1500 worth of product in the first 4 months through 17 retail outlet partnerships.
Snacking by the middle class is increasing and despite the snack food industry being plagued with mostly unhealthy snacking options like deep-fried potato chips, sugary biscuits, and hard candies, healthy snacking options like ours are increasing. This frontier market is expected to mainstream in 5 to 10 years. The business is not capital intensive, has great market potential in both the local and global markets, and is already generating revenue and providing income to Kenyan coastal farmers.
Patricia received an MBA & Bachelors of Operations Engineering from the University of Michigan. After four years working and consulting for social enterprises in East Africa, she saw opportunity to improve livelihoods of farmers by adding value to existing raw agricultural produce that otherwise struggles to reach markets.
John is a Kenyan serial entrepreneur with 4 companies to his credit and a Bachelors degree in Finance from Maseno University. He is passionate about bringing prosperity to his fellow Kenyans by being a servant leader entrepreneur.
We are passionate about positively impacting our communities and aim to buy subsistence farmers' produce at fair market rates. Together we have experience managing and working in the social entrepreneurship space.
Funding for this Company has ended