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Savonor

Country

  • Product Type: Credit
  • Sector: Finance Oriented
  • Project Country: Burundi

Savonor

Savonor
Savonor

Savonor is the market leader in soap and edible oil in Burundi . What began in the 1970s as a small factory; grew steadily and became a company with more than 1500 employees and 35 products available to customers. Savonor has kept a steady growth and is now a fully integrated company; from oil palm plantations, palm oil refining to soap and edible oil production and distribution. It has more than 800 hundreds hectares of oil palms, 3 oil extraction units, a palm oil refinery, several soap manufacturing units and a fleet of trucks for distribution. It has 40 distributions points in the whole of Burundi and the products are exported to DRC and Tanzania.

Project Description

Savonor SA, is planning to scale up its loan scheme to poor and financially excluded farmers in the Kumoso region, while introducing a couple of innovations in Burundi. The scheme will help farmers increase the yields of existing oil palm and new sunflower plantations. Farmers will be organized in cooperatives and be provided with loans for inputs, extension services as well access to markets. To protect the environment only existing farmland will be considered, no forest will be used to expand any plantation. Savonor will partner with FENACOBU an experienced microfinance organization.

Key Innovations

Key innovations include the partnership between an agribusiness company and a microfinance organization to offer financial and extension services to farmers, the use of mobile technology and the process &return fertilizers concept.