East Africa Fruit
In the three years since East Africa Fruit was founded, it has grown its farmers' incomes from an average of US$500/yr to US$2,900, which is nearly five times the average income in Tanzania.
East Africa Fruit is founded and run by Elia (pictured), a young entrepreneur who has bootstrapped this business from working with one farm to over 50 farmers today. Elia attended Fledge, the conscious company accelerator, in Seattle this past Spring to help further speed up the growth of his company.
This loan is part of that effort. None of EA Fruit's farmers today have an irrigation system. They rely solely on the rain falling from the sky to water their crops. This loan will pay for an irrigation system, lowering the risk of a dry growing season, while increasing the quality of the harvest.
More information about this loan
Fledge is a US-based, for-profit social enterprise that incubates and accelerates companies with a social impact element that work domestically and abroad.
Kiva will help Fledge entrepreneurs push through the pioneer gap -- where they have proven a demand for their product or service, but lack the funding required to reach sufficient customers to either get to a profitability directly or interest impact investors.
All of Fledge's entrepreneurs are both social mission-driven and aiming for profitable operations -- with the mission embedded within the product or service.
About Fledge:Fledge is a U.S.-based, for-profit social enterprise that incubates companies with a social impact element that work domestically and abroad.
All ‘fledgling’ companies are both social mission-driven and aiming for profitable operations -- with the mission embedded within the product or service.
Funding on Kiva will help Fledge fulfill its mission by helping their graduates push through the pioneer gap – the point at which companies have proven a demand for their product or service, but lack the funding required to reach enough customers or investors.
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