National Second prize winner

Goats For Water

Rural, off-grid households can use thier goats to purchase solar water pumps and solar home systems

Pitch

Goats for Water provides alternative financing mechanisms enabling cash-poor smallholder farmers to buy essential household & farming assets such as solar water-pumps, solar home systems and fertlizers. Households pay for the products with goats which UpTrade then sells for a profit. Most rural communities lack cash to buy assets that meet their basic needs. GFW has successfully launched in Pakistan serving 7,000 farmers with an 11-person team. Their goat financing mechanism is in place 16 rural communities, where solar water pumps now bring water to 22,400 people. They have introduced a Goats for Solar model, where households can finance purchases of solar home systems, solar TVs and radios with goats. Goats for War has successfully tested the model in Somalia and Nepal, establishing the efficacy of the model in developing rural economies. This opens up a USD 1.1 trillion livestock industry and has the potential to impact 1.5 bn smallholder livestock farmers in developing countries

Quick facts

  • 2019 Participant
    Year of participation
  • Solutions for Emerging Markets
    Theme
  • Pakistan
    Country
  • € 26k
    Revenue
  • € 116.8k
    Investment
  • 15
    Teamsize
  • 22400
    Customers

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Team

  • Fariel Salahuddin - Founder & CEO, Qudsia Nashmeel - Marketing Manager, Sindhu Kumari - Finance Manager, Dr. Suresh Malhi - Vetrinariam Manager, Bharat Kumar, Electronic Market Manager
  • www.goatsforwater.com

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