$3.8 million investment to boost poultry productivity and farmer incomes in Nepal
Nepal is among the poorest countries in the world with a malnutrition rate of nearly 40%. Poultry is the largest sources of protein in Nepal and is especially important for the poor. Now, with a $3.8 million investment in feed manufacturer, Probiotech Industries, IFC and GAFSP will enhance poultry farm productivity, and boost incomes in rural Nepal.
Probiotech will use the funding to finance manufacturing capacity for value-added products like soy flour, nuggets, and refined oil. It will help the company to increase sourcing from local farmers and food suppliers, and improve food security by introducing affordable, good quality soy-based protein “nuggets” which will increase access to protein for the vegetarian population.
Probiotech Industries is one of the first organized sector poultry feed manufacturers in Nepal. For several years Probiotech has been working with local poultry farmers and IFC’s GAFSP Advisory Services to strengthen the poultry supply chain in Nepal with a particular focus on training women farmers on biosecurity and farm management. In an ongoing effort, Probiotech continues to train farmers in techniques and practices and aims to reach around 4,000 farmers through seminars annually. With a network of more than one hundred dealers and over five hundred sub-dealers, Probiotech has an outreach of more than 8,000 farmers, to which it provides inputs, feed and technical advice from veterinarians.
The GAFSP Public Sector Window also funds the Agriculture and Food Security project (AFSP) in Nepal.