The Enterprise Development Programme Annual Review 2013

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THE

ENTERPRISE

DEVELOPMENTPROGRAMMEANNUAL REVIEW 2013


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CONTENTSProud to be different 4

Key people 5

How EDP works 6Directors introduction 8

Snapshot of the portfolio 10

Portfolio highlights 12

Managers review 14

Current portfolio 16

Armenia (fruit processing) 18

Bangladesh (chilli) 20

Colombia (dairy products) 22

Ethiopia (food oil) 24

Ethiopia (honey) 26

Honduras (fruit and vegetables) 28

Nepal Dafacos (seeds and vegetables) 30

Nepal Pavitra (vegetable seeds) 32

OPT (natural foods) 34

Pakistan (dairy products) 36

Philippines (moringa leaves) 38

Rwanda (mushrooms) 40

Sri Lanka (dairy products) 42

Tanzania (sisal) 44

Where EDP works 46

New projects 48

Bolivia (cocoa) 49

Nepal (rice) 50

Honduras (vegetables and beans) 51


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PROUD TO BE DIFFERENT KEY PEOPLE

With your support, Oxfam provides an

intelligent mix of loans and grants to

small and medium enterprises

throughout the developing world,

helping people to work their way out of

poverty.

But its not just about providing capital.

Its about identifying business

opportunities, and helping

entrepreneurs develop and implement

viable business plans. Its a pioneering,

business-based approach to

development.

EDP BoardPenny Lawrence

EDP Director and

International

Director, Oxfam

Joss SaundersEDP Chair, Legal

Counsel and Company

Secretary, Oxfam

Vincenzo Morelli

TPG Capital, founder

Alan Nesbit

Maitri Trust, founder

Jo Barnett

Virgin Money

Sandy Arbuthnot

Private supporter

Ursula van Almsick

Private supporter

Gavin Stewart

Private supporter andOxfam trustee

Investment Com

Chris West

Shell Foundation

David Irwin

Irwin Grayson Ass

David Pitt-WatsonPrivate supporter

Treasurer of Oxfam

Rachel Crossley

Periscope Advisor

David Bright

Head of Economic

Programming, Oxf

EDP is unique and it works. It combines

Oxfams international presence

and experience with the finance

and expertise of our supporters

and partners. It creates wealth and

drives change in poor communities.

Crucially, it helps many thousands

of people especially women to

work their way out of poverty.

As an EDP Board member, I have be

that such a well-established organ

responded to my inputs and has lis

dialogue between the external and

This is what makes being an EDP Bo

Alan Nesbit, EDP Board Member

The Enterprise Development Programme (EDP) adopts an

innovative approach to building sustainable businesses,

combining elements of private equity and rural economic

development. We invest where others dont go and where

the potential for social impact is highest.


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Business developservices 13%

MIDDLE EASTGBP 755,000

12

Figure 2:Women in each category Figure 4:Budget breakdown by reg

Figure 3:Farmers reached by EDP Figure 5:Budget breakdown by item

PORTFOLIO HIGHLIGHTS

60%

50%

40%

30%

20%

10%

0.0% 2009/10

2010/11

2011/12

2012/13

2013/14

2009/10

2010/11

2011/12

2012/13

2013/14

2009/10

2010/11

2011/12

2012/13

2013/14

farmers jobs Leadership

50,000

45,000

40,000

35,000

30,000

20,000

15,000

10,000

5,000

0.0

MEN

women 45

2,168 8,818 12,452 16,005 17,313 23,174

1,300 3,657 6,266 10,827 15,435

2008/9 2009/10 2010/11 2011/12 2012/13 2013/14

Local staff andpartners 11%

Global staff,

communications,training 12%

Support to womenand farmers 10%

LATIN AMERICAGBP 433,000

AFRICA GBP 1,129,000

ASIA GBP 1,020,000


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CURRENT PORTFOLIO

With the loan frseed business ain a meat shop. after my childredaughters are dMandara, farme


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ARMENIAFRUIT PROCESSING

EnterpriseLchkadzor Co-operative,Tavush region, 200kmnorth-east of Yerevan

ProductsProcessed, cannedfruits and berries

MarketLocal supermarkets, plusexports in bulk containers

Investment 194,000: 50,000 loan,

115,000 business grant,29,000 project grant

Highlights Investment approved

January 2013

Building constructionwork finalised

Plan to start operationsmid-2014

WeOxfthaliftAn

BacArme

unem

mos

eith

from

trad

How

limit

and

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in 20

grouwork

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With

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man

orch

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Sept

succ

work

adm

TavushDistrict

YEREVAN


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Enterprise

BN Producers based in Kigali

Product

Fresh and processed

mushrooms

Market

Hotels and urban markets

Investment

78,000: 24,000 in business

loans, 12,000 businessgrant, 42,000 project grant

Highlights

Enterprise failed to deliver

on commitments in terms

of farmer numbers

In spite of this, loan

repayment on schedule

New partner identified

to develop links with

organised farmers

OxKigaghaproSh

RWANDAMUSHROOMS

BacIn Rw

sub-

both

wom

prod

mar

of re

mea

by w

Prod

whic

tubefres

sold

The

and

high

in th

BusIn ge

slow

relat

the

part

was

qua

has

up-tBN h

to m

loan

thro

orga

KIGALI


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WHERE EDP WORKS ETHIOPIAAssosa FarmerEnterprise:Edible oil427,000

Zembaba HoneInputs MarketinHoney286,000

ArmeniaLchkadzorCooperative:Processedcanned fruitsand berries

194,000

OPTNew Farm Company:Palestinian foodproducts includingolive oil products297,000

COLOMBIAAlliance of threeenterprises(Ascamp, Cooproler,Asoinpa):Fresh milk177,000

boliviaAssociation ofAgro-ForestryProducers:Cocoa beans,cocoa paste andcocoa butterNew in portfolio:investment to beconfirmed

HONDURASAproalce, aproducer-ownedcooperative:Fresh fruit andvegetables176,000

CooperativaAgricola EsfuerzoOccidentalLimitada:Vegetable andbeansNew in portfolio:investment to beconfirmed

RWANDABN Producers:Fresh andprocessedmushrooms78,000

TANZANIA15 raspadora(sisal-fibreprocessor) firms:Sisal fibre162,000

BANGLADESHChilli TradersEnterprise of FulchaDried chilli, green ch

and powdered chilli160,000

46


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NEW PROJECTSLast year, Oxfams Enterprise Development

Programme approved four new investments,

three of which are briefly described here.

48

BOLIVIACOCOA

Enterprise

Association of Agro-forestry

Producers, APARAB, based

in Riberalta, Bolivia,

968km north of La Paz

Product

Cocoa beans, cocoa paste

and cocoa butter

Market

Local market and exportInvestment

To be confirmed

BacThe

Prod

Boliv

supp

prog

in 20

indig

a co

and


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HONDURASVEGETABLE

Enterprise

Cooperativa Agricola

Esfuerzo Occidental Limitada

(CAEOL), based in the

Copan district of Honduras,

348km from Tegucigalpa

Product

Vegetables and beans

Market

San Pedro Sula, HondurasInvestment

To be confirmed

BacAlon

Apro

deve

anot

Coo

Occi

was

in a

50

NEPALRICE

KATHMANDU

Nawalparasi

Enterprise

Small Farmer Food Industries

(SFFI) rice mill, based

in Nawalparasi, Nepal,

249km from Kathmandu

Product

Rice

Market

National

InvestmentTo be confirmed

BackgroundThe Small Farmer Food Industries

(SFFI) rice mill is based in Nawalparasi

in the lowlands of central Nepal.

It was set up by ten cooperatives,

including three for women farmers,

which buy paddy locally and

sell rice on to local and regional

markets. SFFI has the potential

to become a large buyer and

solid brand name in the region.

Business performanceThe enterprise has the equipment in

place and requires working capital

to expand operations. It has already

built up a brand, Sana Kisan, which

is recognised for its quality. It has

a committed Board and requires a

new manager alongside other staff.

Social impactOne hundred per cent of the 2,100

main target farmers are women, and

the federation has the capacity to

reach 10,000 farmers. Farmers will

be supported with inputs and advice,

enabling them to improve quality

and fetch much higher yields.


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Photos:

Page 31: Sonny Abesamis

Page 42, 43, 48, 62/63: Abir Abdullah

Page 28: Gilvan Barreto

Page 44: Tim Brown

Page 38: dubofadubofadub

Page 21: Rachel CornerPage 22, 23, 36,37, 45: iStockphoto

Page 39: Kanichat

Page 34: David Levene

Page 19, 59: Emily Macinnes

Page 49: Oxfam

Page 51: John P. onemansblog.com

Page 2, 7, 24, 25, 26, 30: Tom Pietrasik

Page 40, 41, 60/61: Simon Rawles

Page 4, 18, 58: Cristina Garcia Rodero

Page 16/17, 29: Abbie Trayler-Smith

Page 27: Sean Sprague

Page 33: Mr TinDC

Page 10/11, 32, 50, 52: Aubrey Wade

Page 1, 20: Shehab Uddin

Page 8, 14: Nigel Willmott

This publication is copyright but the

text may be used free of charge for the

purposes of advocacy, campaigning,

education and research, provided that

the source is acknowledged in full. The

copyright holder requests that all such

use be registered with them for impactassessment purposes. For copying in

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or adaptation, permission must be

secured and a fee may be charged.

E-mail [email protected].

The information in this publication is

correct at the time of going to press.

Published by Oxfam GB under

978-1-78077-605-7 in May 2014.

Oxfam is an international

confederation of 17 organizations

networked together in more than 90

countries, as part of a global

movement for change, to build a future

free from the injustice of poverty.

www.oxfam.org.uk/edp

Oxfam House, John Smith Drive, Oxford

OX4 2JY. Oxfam is a registered charity

in England and Wales 202918 and

Scotland SC039042. Oxfam GB is a

member of Oxfam International.

Inhouse No. 6165

Documents

The Enterprise Development Programme Annual Review 2013