What are “active ventures”?
Active ventures are the result of successful scouting: as soon as the business model is clear, and someone wants to get this business idea off the ground, farip can decide to make such a venture “active”.
farip serves as a hub for innovative Africans who want to explore their own ideas for development. farip provides loans to support innovative ventures—from the initial idea through prototyping to marketing—until smallholder farming families and small businesses have developed their products to market readiness.
farip acts as an investor, grants loans for materials and equipment and initial wages, as well as for the necessary training.
The outcome of this process is a business plan, backed up with concrete experience and figures.
As soon as further investors actually step in, farip will have fulfilled its task and can withdraw from a venture that has been developed up to this point.
farip expects that only about half of all active ventures will reach their goal. This is fine, because important insights are often gained; especially failures often trigger new and better business ideas.