The Palms African Processing Ltd | Council for Inclusive Capitalism

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.

Our mission is to empower small-scale farmers in Nigeria by providing them with zero-interest loans, technical assistance, and market access to improve their livelihoods and contribute to the economic development of their communities.

Ezenwa Jeremiah

Founder, The Palms African Processing Ltd

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Alignment with Guiding Principles

At the Council for Inclusive Capitalism, we invite companies of all sizes, industries, and geographies to champion our Guiding Principles for Inclusive Action and demonstrate how they contribute to meaningful change. To ensure alignment with our principles, our members are assessed by at least one reporting body, sustainability-related certificate, benchmark, rating agency or similar organization.

We believe it is vital to state clearly to the world the set of our beliefs about Inclusive Capitalism. As such, we start with our Statement of Guiding Principles for Inclusive Capitalism. Knowing that words alone are not enough, each of us is making a series of commitments about how we will operate our institutions so that they help achieve Inclusive Capitalism. These commitments are forward-looking statements based on current goals, expectations and assumptions, which are not guarantees of future performance. For more information, please refer to our Terms of Use

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Principles of Governance

Prosperity

Summary

Palms African Processing Ltd will empower a minimum of 5000 smallholder farmers and women with access to finance, farm inputs, and essential equipment by 2026.

Activities & Initiatives

Palms African Processing Ltd will forge partnerships with smallholder farmers through comprehensive support programs.These programs encompass various initiatives, including access to financing, training, and technical assistance.

Measures & Targets

Palms African Processing Ltd will measure progress by the percentage of smallholder farmers and women who have reported increased crop yields, improved access to markets and income levels after receiving support from our program.

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