Nuts about agriculture
Insimu Yami Agricultural Co-operative is the brain child of six young people from Schagen, Mbombela municipality. The Cooperative produces macadamia nuts, a seasonal product harvested from March to September.
When Insimu Yami was offered an opportunity to purchase a 65 hector farm, they knew that they had to approach Seda for help. Seda offered them cooperative pre-incorporation training and facilitated their registration as a co-operative with CIPC. Furthermore, we facilitated small business startup training and helped them develop a bankable business plan. This led to ABSA bank approving a loan of R2.65 million for the purchase of the farm. Since they needed the money quickly, the Department of Land Affairs, through the Land Bank, approved a R2.8 million grant to expedite the ABSA loan.
Seda further helped produce marketing and promotional material to market the business, facilitated a grant through the Co-operative Incentive Scheme under the dti and provided them with a mentor who provides guidance on general business management skills. In partnership with the Mpumalanga Agri Skills Development and Training, we also assigned an accredited service provider to help on technical issues relating to farming.
Insimu Yami has created 13 sustainable employment opportunities on top of the 6 original members of the Cooperative.