RUNGWE AVOCADOS LIMITED

Our social impact
livelihood
IMPROVED LIVELIHOODS

Rungwe runs an extensive smallholder scheme to 3,700 farmers and employs 118 staff.
Lift in income
UPLIFT IN INCOME
By guaranteeing market prices to smallholders, the company has increased local household incomes by $251,600.
Food security
FOOD SECURITY
The installed microjet irrigation system will promote irrigated agriculture and improve yields by at least 30%.
Community
IMPROVED COMMUNITIES
Smallholders are trained in good ESG practices and supplied with inputs to improve the nutrition and resistance of crops.
Overview
The Challenges

Rungwe Avocado Company (RAC) is an avocado producer and exporter, linking a large number of smallholder avocado producers to export markets. The business supports over 3,500 outgrowers, providing inputs and services as well as purchasing through guaranteed off-take agreements. Additional financing was required to develop irrigation on the commercial farm and support the on-going development of its supply chain and outgrower production base.

Our Approach

AgDevCo’s investment of $1,500,000 has funded the installation of 100 ha of micro-jet irrigation on the commercial farm and the continued support of the outgrower scheme. The current number of smallholders engaged is planned to expand to over 4,000. The funding has also enabled further development of the cold storage supply chain and distribution channels to facilitate access to export markets.

Our Impact
  • Over 1,000MT of avocados exported to Europe in 2014 and 2015.
  • Only business in the region to export fresh produce to Europe.
  • Over 3,500 outgrowers currently contracted.
  • Additional cash crops provided for farmers alongside their staple crops.
investment
$1,500,000
Committed Investment
We believe we can make more impact by looking for new ways to tackle poverty in the regions where we work.
If you believe your business meets our investment criteria, we want to hear from you.
Contact us