Finance ready plan: Sustainable red bird eye chili production

Geoffman Enterprises Limited, UgandaRed Bird Eye Chili

Every week, BiD Network highlights three finance ready plans. These top businesses have been subjected to the rigorous selection, coaching and matchmaking processes of BiD Network. They are ready for investment to expand their operations. With feasible business plans, a solid management team and real growth potential – finance ready plans deserve the attention of committed investors.

Geoffman Enterprises promotes the cultivation of Ugandan red bird eye chili for the economic sustainability of the West Nile region of northern Uganda. The company works in collaboration with indigenous, farmers’ and women’s groups further extenuating their commitment to sustainable equality.

Its goal is to establish a chili processing plant that would enable the export of their product, which in turn would generate income for over 70,000 farming households and contribute to poverty eradication in Uganda. Uganda has a comparative advantage in the cultivation of red bird eye chili due to its vast availability of arable land and good tropical climate, which allows for two planting and harvesting seasons every year. In addition, the Ugandan red bird eye chili is one of the strongest varieties of chili available in the world, highly demanded in the western world as a raw material for the food and pharmaceutical industries. Read more

Sector: Agriculture
Finance needed: US$100,000 – $200,000

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