Icoseed

Tu r n i n g B a n a n a S t e m s l e f t - o v e r t o W e a l t h

BUSSINESS CONTACTS ICOSEED ENTERPRISES LTD

P. O. BOX 1375-10300 KERUGOYA TEL/FAX: (+254) 020 2640561 MOBILE: (+254) 0720 468046 (+254) 0105902486 Email: icoseedkenya@gmail.com info@icoseedkenya.org

PROBLEMS/DEMANDS/SOLUTIONS PROBLEMS

SOLUTION Decrease in sisal production

Increase in banana roduction

Banana fiber as alternative for cotton & sisal.

Decrease in cotton production

BUSINESS MODEL

Banana Stems

Construction Fiber Industry Bags Sofa seats Industry Curio shops Mats Products delivered Hotels Wall Hangings to the market Churches Paper Supermarkets Hardboard Gift Shops

HOW WE DO IT

Harvested Bananas from Farmer Groups

ICOSEED Collects Banana Stem left overs feeds the factory

Marketing Products in Exhibitions and otherwise

OUR PRODUCTS Value proposition Affordable Beautiful Long lasting Fashionable Environmentally friendly.

CUSTOMER TRACTION Local Market

 Women  Tourists  Carpentry workshops  School going children & women (pads market)

International Market

 East Africa Craft Market USA crafts market European Fair Craft Trade Asia and Middle East fiber markets

OUR MANANGEMENTTEAM TEAM OURTEAM: TEAM: MANANGEMENT Patrick Muriuki- MD MSc. Leadership & LED; Bsc. Agric;

Zola Madaga- Deputy MD & Marketing manager

Julius Kinyua: Production Manager; Dip in Management

Lucy Bundi- Accountant CPA Kenya

Grace Wagura-HR Dip in Management &

EXECUTIVE BOARD The Chairman Board of Directors Veteran Businesss Person in Kenya (14.5% Share)

Dr. R.K. Wanjogu. He is the Vice Chairman . (11.3% Share)

Patrick Muriuki- MD ; MSc. Leadership & LED; Bsc. Agric; Serves a link between Staff & Board; Leads policies (10.5% Share)

Rev. Grace Mulwa. She is the Hon. Secretary . Represents herself & other 18 shareholders (48.7% Share)

Photo Not Available: Rtrd.

Major Muriuki; He is the Treasurer. (15% Share)

AWARDS  NET FUND GIA III Award  SAG SEED Award

NETFUND GIA III Award 2016

Switch Africa Green SEED Award 2017

INVESTIMENT IMPACT IN THE COMMUNITY

Helped to improve education to banana farmers 11

SUMMARY OF THE PROFILE Experiencing rising market prices for products from sisal and cotton in Kenya, ICOSEED searched for an alternative and realised the potential of fibre made from banana stems. The enterprise buys banana stems, a by-product of harvesting, from farmers, processes it into balls of fibre and uses them to make marketable products. The products –Paper, purses, table mats, sanitary Pads and other accessories – target schools, middle-class women, including tourists. Slurry from fibre extraction is given back to farmers to make manure or use it for biogas. ICOSEED Team has expertize in Biogas digesters construction.

The enterprise creates alternative income opportunities and jobs for farmers (138,0000), women (83 jobs) and youth (98 jobs) in the production of fibre and in the making of products as well marketing of the same. This gives the enterprise about 13 Million KSh (Euros 830,000 ) annual Turn over (2022 & 2023). The Enterprise is planning to expand the business using profits made to meet the demand both locally and outside Kenya.