Our goal: to make micro loans affordable to African entrepreneurs by selling their great coffees in Europe.
He is a farmer, living near to the city of Gitarama in the west. His goal is to grow his income through expanding his business. We believe that growth of their plantations benefits farmers. Jean Bosco plans to buy land and develop a new plantation. Part of his loan was invested into hiring an agronomist. Jean Bosco lend 1 million Francs, about €1.000,-. Repayment should be achieved within two years. During this time he will pay approximately €90,- interest which would have been €450,- should he take another micro loan.
Pure Africa does not just provide micro loans, we are also invested in improving prices for coffee farmers. Read dit artikel about us in De Volkskrant (Dutch).Read the story here
Pure Africa invests €1,- out of every kilogram sold into micro loans to African farmers. The loans are used to purchase land or fertiliser. Typically, interest rates are 25%. Our partner bank charges just 6% to cover their costs. That gives farmers greater opportunity to invest in their business.
We believe in the strength of entrepreneurship. Pure Africa aims to make a positive impact.This is how it works