SokoFresh

7:00 PM

Session Name

Room Name
This session is going inspire you to be great!
Register

7:00 PM

30m

Session Name

Abbe Staff, John Cohen
Venue Name
Room Name
This is where a thoughtful description would be placed to give further clarity of what this specific session would be about. Think of this as an opportunity to be clever or simply to include more information about who will be hosting the session, and who should aim to attend!

7:00 PM

30m

Session Name

Abbe Staff, John Cohen
Venue Name
Room Name
This is where a thoughtful description would be placed to give further clarity of what this specific session would be about. Think of this as an opportunity to be clever or simply to include more information about who will be hosting the session, and who should aim to attend!

7:00 PM

30m

Session Name

Abbe Staff, John Cohen
Venue Name
Room Name
This is where a thoughtful description would be placed to give further clarity of what this specific session would be about. Think of this as an opportunity to be clever or simply to include more information about who will be hosting the session, and who should aim to attend!
Register

7:00 PM

30m

Session Name

Abbe Staff, John Cohen
Venue Name
Room Name
This is where a thoughtful description would be placed to give further clarity of what this specific session would be about. Think of this as an opportunity to be clever or simply to include more information about who will be hosting the session, and who should aim to attend!

7:00 PM

30m

Session Name

Abbe Staff, John Cohen
Venue Name
Room Name
This is where a thoughtful description would be placed to give further clarity of what this specific session would be about. Think of this as an opportunity to be clever or simply to include more information about who will be hosting the session, and who should aim to attend!

7:00 PM

30m

Session Name

Abbe Staff, John Cohen
Venue Name
Room Name
This is where a thoughtful description would be placed to give further clarity of what this specific session would be about. Think of this as an opportunity to be clever or simply to include more information about who will be hosting the session, and who should aim to attend!
Register

7:00 PM

30m

Session Name

Abbe Staff, John Cohen
Venue Name
Room Name
This is where a thoughtful description would be placed to give further clarity of what this specific session would be about. Think of this as an opportunity to be clever or simply to include more information about who will be hosting the session, and who should aim to attend!

7:00 PM

30m

Session Name

Abbe Staff, John Cohen
Venue Name
Room Name
This is where a thoughtful description would be placed to give further clarity of what this specific session would be about. Think of this as an opportunity to be clever or simply to include more information about who will be hosting the session, and who should aim to attend!

7:00 PM

30m

Session Name

Abbe Staff, John Cohen
Venue Name
Room Name
This is where a thoughtful description would be placed to give further clarity of what this specific session would be about. Think of this as an opportunity to be clever or simply to include more information about who will be hosting the session, and who should aim to attend!
Register
Mar
.
20

7:00 PM

30m

Session Name

Abbe Staff, John Cohen
Venue Name
Room Name
This is where a thoughtful description would be placed to give further clarity of what this specific session would be about. Think of this as an opportunity to be clever or simply to include more information about who will be hosting the session, and who should aim to attend!
Tag A
Tag B

7:00 PM

30m

Session Name

Abbe Staff, John Cohen
Venue Name
Room Name
This is where a thoughtful description would be placed to give further clarity of what this specific session would be about. Think of this as an opportunity to be clever or simply to include more information about who will be hosting the session, and who should aim to attend!

7:00 PM

30m

Session Name

Abbe Staff, John Cohen
Venue Name
Room Name
This is where a thoughtful description would be placed to give further clarity of what this specific session would be about. Think of this as an opportunity to be clever or simply to include more information about who will be hosting the session, and who should aim to attend!
Register
Mar
.
20

7:00 PM

30m

Session Name

Abbe Staff, John Cohen
Venue Name
Room Name
This is where a thoughtful description would be placed to give further clarity of what this specific session would be about. Think of this as an opportunity to be clever or simply to include more information about who will be hosting the session, and who should aim to attend!
Tag A
Tag B

7:00 PM

30m

Session Name

Abbe Staff, John Cohen
Venue Name
Room Name
This is where a thoughtful description would be placed to give further clarity of what this specific session would be about. Think of this as an opportunity to be clever or simply to include more information about who will be hosting the session, and who should aim to attend!

7:00 PM

30m

Session Name

Abbe Staff, John Cohen
Venue Name
Room Name
This is where a thoughtful description would be placed to give further clarity of what this specific session would be about. Think of this as an opportunity to be clever or simply to include more information about who will be hosting the session, and who should aim to attend!
Register

Text

Maureen Klein is a host of exceptional ability. 

All Investment Summaries
SokoFresh

SokoFresh provides mobile cold-storage solutions for farmers to reduce post-harvest losses and improve livelihoods.

Region: East Africa

Sector: Energy

LinkedIn: SokoFresh

Instagram: @sokofreshkenya

Twitter: SokoFreshKE

www.sokofresh.co.ke

The Challenge

Africa’s smallholder farmers lose millions of kilograms worth of produce to post-harvest losses. This creates an urgency to sell the food quickly once matured, which exposes farmers to exploitation from brokers. About 30-40% of horticulture produce in Sub-Saharan Africa does not make it to market, hindered by informal and unreliable supply chains. Farmers frequently lose quality produce due to their inability to store it post-harvest and in turn, they earn less, and waste vast quantities of food.

The Innovation

SokoFresh is providing reliable and efficient solar-powered cold-chain solutions to support the East Africa horticulture sector, disrupting the value chain by structuring produce aggregation, upgrading the logistics process, and decentralizing cold-chain access. By finding buyers — both domestic and export-processing — through its market linkage platform, SokoFresh eliminates numerous middlemen and increases farmer income.


SokoFresh’s promise of better prices and consistent demand remains a winning formula for securing and retaining new farmers. Buyers are willing to procure more volume and pay a premium for top quality supplies, reliability, and fair and transparent pricing as they in turn save costs on aggregation and logistics.


Investment

Acumen’s investment will be used to deploy additional cold-storage units to reach more smallholder farmers and enhance technology for market linkage by improving the demand-supply matching capability.

Deal and Operational Metrics

$750,000 convertible debt

1 board observer seat

Anticipated Milestones

+  Increase utilization of the cold-storage units by:
Expanding sourcing by improving penetration of sourcing from the smallholder farmer network, and entering new underserved local and cross-border geographies (Tanzania, Rwanda, etc.).


+  Value chain diversification by raising use-cases for the cold-storage units to drive up utilization rates as a path towards achieving financial sustainability.


+ Introducing other crops for areas currently known for certain key produce e.g. pineapples in Kilifi besides mangoes.


+  Refining operations and logistics with better technology.


+  Headcount build-out to achieve the aggressive scale up plan

Impact

Poverty Focus

0.74 inclusivity ratio.

 36% of farmers are living below the poverty line.

Breadth

SokoFresh has over 6,700 farmers registered on their platform.

Depth

Produce rejection rates will decrease from 30-40% to under 5%. Gross income for farmers will increase 30%.

 1 Based on 2020 study of similar intervention: Evidence-Based Community Health Worker Program Addresses Unmet Social Needs and Generates Positive Return of Investment (2020).


Share with Friends
Facebook
Twitter
LinkedIn
Link
CONTACT THE ORGANIZER
Google   Outlook   iCal   Yahoo

Get Tickets

Google Icon
Google
Outlook Icon
Outlook
Apple Icon
Apple
Yahoo Icon
Yahoo