Kennemer Foods International delivers an end-to-end solution for improving cacao farmers’ livelihoods.
In the Philippines, approximately 12 million people work in the agricultural sector, where the poverty incidence rate is estimated to be 36.7%. The average wage earned by an agricultural worker is approximately USD 3.50/day, or USD 840/year. Most farmers are unable to access high-quality farm inputs and/or training on best practices to improve productivity, thus leading to low annual yields, and a perpetual cycle of indebtedness and poverty.
By 2020, KFI targets to improve 35’000 farmers’ livelihoods, financial and climate resilience by integrating them into its cacao production value chain.
KFI contributes to:
|# of contract growers (cumulative)||3'700||4'658||8'052||14’989||19'154||20'081|
|# of cocoa doctors||13||244||563||697||834||850|
|# of trees planted ('000s)||750||5'439||8'497||14’519||17'312||18'694|
Simon Bakker, Founder Kennemer Foods International
“It has been great to have LGT Impact Ventures as a shareholder. The biggest value add is that it’s not just about the funding. LGT Impact Ventures takes an active interest in our business and is more than willing to leverage its network of contacts to help further the business. For a young company that is extremely valuable.”