- Loan Successfully Funded On 7 Nov 2024 ​
Grain Silo And Vehicle To Continue Impact in Nepal
Sarvaguna Foods & Kitchen
- Kaski, Nepal
Menu
- 54,785 AUD
Loan successfully funded
Sarvaguna is raising capital to expand its catering services in Nepal. A new vehicle will allow deliveries to more schools, and two grain silos will enable them to buy grain at lower prices during harvest season. This will also let them produce more in-house products like noodles and bread. Buying at the right time ensures guaranteed purchase quantities, providing farmers with revenue stability.
- 5 Lenders
Committed
- 36 months
Loan Period
- 10%
Interest Rate
- BACKGROUND
Loan summary
Sarvaguna have two clear needs to continue growing their impact around food. On one side of their impact is providing good food for mass consumption. To grow this they need a new temperature controlled vehicle. They currently have 2 vehicles but need more to be able to service more schools. Schools with their own kitchens receive ingredients only, but others receive cooked meals. To grow the meal delivery service they need a good quality temperature controlled vehicle.
The other side of Sarvaguna’s business is ensuring quality ingredients and fair prices paid to farmers. Having two grain silos will allow them to do both these things. Previous storage solutions have been too small and not insect resistant. Grain silos allow them to buy at the best time of year when supply is high so they can achieve prices allowing them to provide Good food at good prices. It also means they can provide more farmers with certainty that their produce will be purchased.
Borrower's mission
Please see these two updates for a great understanding of the Sarvaguna mission and achievements: 2023 update, 2024 update.
The activities funded by this loan are helping to achieve the above Sustainable Development Goals as defined by the UN.
Intermediary's experience with impact enterprises
For more than 8 years, Red Hat Impact has helped impact enterprises by raising capital and providing other kinds of business and strategy support. We have raised more than $3M from our network of impact investors, and loaned this capital to support 30 enterprises. We use a crowd-lending model to raise loan capital. As of May 2024, we maintain a 98% success rate on loan repayment. We establish close working relationships with all of the impact enterprises we raise debt capital for, and co-manage risks with them during the loan term.
- IMPACT
Impacts and how they are measured
A vehicle will allow for more schools or other organisations to be serviced. This brings good nutritional food to more people. Grain silos allow for better products at better pricing and certainty of purchase for farmers. This will be measured by the tonnage able to be purchased from farmers.
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