Proven Farm to Fork model now ready to scale
Sarvaguna Foods & Kitchen
- Pokhara, Nepal
Menu
Sarvaguna began with one belief: every child deserves a safe, nutritious meal. In just a few years they have grown from a small kitchen in Pokhara into a network serving over 9,000 meals every single day using ingredients sourced from local farmers, cooked by staff who have been given the opportunity to train in their own Academy. They are now building a landmark Central Kitchen & Processing Facility that will transform how healthy meals reach thousands.
- 0 Lenders
Committed
- 24 months
Loan Period
- 10%
Interest Rate
- BACKGROUND
Loan summary
This loan is required to secure the building for the Central Kitchen facility which will allow for expansion and growth of the core business.
This facility is not about Sarvaguna doing anything new, it is just enabling it to scale its business for even more impact. Specifically it enables them to:
- Buy more produce from local farmers
- Produce more nutritious meals for students and community events
- Train and employ more young people and women for careers in the hospitality sector.
Borrower's mission
Sarvaguna has a simple impact thesis based around the story of a meal :
• A farmer who sells their harvest at a fair price.
• A child who eats a balanced lunch and studies with energy.
• A young apprentice learning not just to cook, but to build a career in food.
The thesis drives their activities. They purchase as much produce from local farmers as they can (currently 40%), have an academy to train disadvantaged people in the food industry, and produce and deliver daily meals to schools to improve the nutrition of children. They have also recently developed a range of nutritious milk drinks which have replaced all soft drinks in the schools they service.
Sarvaguna is successfully executing this thesis and has rapidly grown. They aim to continue delivering these same goals but on a larger scale to increase their impact.
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 the last decade, 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 over 30 enterprises. We establish close working relationships with all of the impact enterprises we raise debt capital for, working with them closely over the loan term to support their business and manage repayment issues or risks.
- IMPACT
Impacts and how they are measured
This loan will assist Sarvaguna in expanding its impact so it can hit it’s 2030 Impact targets: -40,000 daily meals served -375 jobs created -6500 local farmers selling their produce to Sarvaguna Foods Sarvaguna also seeks to create impact in gender and income equality. They actively work to achieve this and measure it by: -Gender split of their workforce (currently 60% women) -Number of academy students from disadvantaged communities (currently 90%)
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