100%

funded

Total loan: $100,000

Coldhubs

Flag of Nigeria
Owerri, IM, Nigeria / Retail

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A loan helped To improve farmer incomes with full cold chain services to Nigerian smallholder farmers, retailers, and wholesalers.


Coldhubs's story

In Nigeria, agriculture accounts for nearly a quarter of GDP and employs two-thirds of the workforce. Despite these numbers, agriculture is beset with food spoilage, food waste, and reduced farmer income. Millions of farmers regularly lose 45% of their yearly earnings to spoilage. Most losses occur post-harvest due to improper drying, poor storage, and transportation facilities. Cooling produce shortly after harvest can significantly slow the rate of deterioration, thereby increasing the storage life of the produce. ColdHubs, a locally-founded social enterprise, designs, installs, commissions and operates 100% solar-powered walk-in cold rooms branded as “ColdHubs.” Farmers have access to 24/7 chilled storage that operates entirely off the grid. The Hubs store and preserve fresh fruits, vegetables and other perishable foods, extending their shelf life from two days to more than 21 days. ColdHubs is currently serving 5,250 farmers, retailers, and wholesalers using 54 cold rooms in 32 farms, aggregation centers, and markets throughout Nigeria. In 2020, ColdHubs saved 42,024 tons of food from spoilage, increased household incomes of farmers by 50%, created 66 new jobs for women, and saved an estimated 1,040,688 kg of CO2. This loan of $100,000 will help purchase refrigerated trucks and grow ColdHubs' transportation services, logistics, and significantly reduce spoilage. This is ColdHubs’ first loan through the Kiva Social Enterprise program.