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Impact Goals

LAFCo targets commercial SMEs and farmer cooperatives that have limited access to working capital, but are able to responsibly repay loans.

Current Portfolio

LAFCo serves the day-to-day working capital needs of African agricultural businesses and farmer cooperatives, particularly those advancing food security by operating in staple food crop value chains.

$20000000
Assets Under Management
10
Investments
124205+
Smallholder farmers linked to markets to date
484+
Jobs created / maintained to date

Atlas Commodities Limited

  • Facility Size: USD 3mn
  • 1917 Female Smallholders Supported
  • 4427 Smallholders Supported

Access to Capital

Sustainable Production

Atlas is a $4m licensed cocoa buying company (LBC) that sources cocoa from 36 cooperatives in Ghana. Their operations are located in Kumasi, from where the Company oversees the procurement of cocoa directly from smallholder farmers across outlying cocoa growing regions. Industry is tightly regulated by the Ghana cocoa board (COCOBOD) which sets the total cocoa volume target, farm-gate price and selling price. Given that the cost and sale price of cocoa is fixed, LBCs compete to carve a greater share of the existing supply of cocoa by awarding incentives to farmers in exchange for their cocoa.

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Kanu Equipment Agriculture Ltd

  • Facility Size: USD 3mn
  • 2 Female Smallholders Supported
  • 26 Smallholders Supported

Access to Capital

Community and Rural Development

Kanu is a specialist in the supply of world-class agricultural equipment and holds the agency agreement for CASE in Tanzania. CASE manufactures quality agricultural machinery which is economical without compromising on power and durability. The Company aims to reduce the cost of development in Africa by providing quality machines, backed by a skilled maintenance team with spare part availability second-to-none. Kanu only distributes quality brands with the necessary original equipment manufacturer support to respond timeously to customers’ needs.

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Les Minoteries Industrielles Import-Export Limited (Minimex)

  • Facility Size: USD 2mn
  • 6956 Female Smallholders Supported
  • 22 438 Smallholders Supported

Food Security

Access to Capital

Sustainable Production

Minimex is the largest producer of fine maize products in Rwanda, and began operating in 2006. The Company purchases maize primarily from Rwandan smallholder farmers, cooperatives, and traders, as well as from countries within the same region including Tanzania, Uganda, and Zambia.

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Elements Limited

  • Facility Size: USD 2mn
  • 5470 Female Smallholders Supported
  • 11 370 Smallholders Supported

Access to Capital

Food Security

Elements is a food processor and agricultural commodity trading company based in Dar es Salaam, Tanzania. Elements sources grains, oilseeds, pulses and cashew nuts from major producing regions within Tanzania, either directly from smallholder farmers or indirectly through farmer co-operatives and buying agents.

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LAFCo’s alignment with UN Sustainable Development Goals

Provide Credit

Provide short-term loans and flexible lines of credit to enable agricultural enterprises that work with smallholder farmers to grow and source higher volumes of product from farmers. This in turn creates income generation opportunities for smallholder farmers and actors throughout the value chain.

Social & Economic Impact

Generate social and economic impact for the African agriculture sector, including direct impact on increased employment and increased revenues for SMEs, as well as indirect impact on smallholder farmers through higher and more stable incomes, improved farm productivity, reliable markets, and increased food security.

Demonstrate Viability

Demonstrate the viability of agricultural finance in Africa by generating positive returns for the Facility and its shareholders, servicing a blend of impact and commercial debt, and attracting additional finance to the sector.

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