The Palms African Processing Ltd is a social enterprise focused on addressing the challenges faced by small-scale farmers in Nigeria who are involved in the production of palm fruit. The company is dedicated to providing financing, assistance after harvest, and market access to these farmers to help them increase their yields and income. Our unique approach to addressing this problem involves offering zero-interest loans, improving product quality, and providing a reliable market for palm kernels.
Solution: Palms African Processing Ltd provides zero-interest loans to small-scale farmers to acquire palm fruit. After processing the fruits, the farmers sell the palm oil and offer the kernels to us at a 2% discount from the current market price. We process the palm kernels through an innovative filtration and separation process that eliminates impurities and improves end-product purity by 87% before supplying them to vegetable oil factories and cosmetic companies. We also provide technical assistance to farmers to improve their yields and product quality.
Social Return on Investment: In our first year of operation, we have provided support to over 17 small-scale farmers through loans and empowerment programs.
