Don’t invest unless you’re prepared to lose all the money you invest. This is a high - risk investment and you are unlikely to be protected if something goes wrong. Take 2 mins to learn more

Don’t invest unless you’re prepared to lose all the money you invest. This is a high - risk investment and you are unlikely to be protected if something goes wrong. Take 2 mins to learn more

Iprocure Issue 2: 6% Bond

24 months to mature 6% interest

iProcure Issue 2: 6% Bond



Hour to run

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invested 4,600 agro-dealers

iProcure currently supplies 4,600 agro-dealers with farming equipment and supplies.

households 300-500 smallholder farmers

Each agro-dealer supplies between 300-500 smallholder farmers.

iProcure Limited is a technology-enabled logistics and distribution company that is helping to solve some of the problems faced by smallholder rural farmers in Kenya by offering better access to vital agricultural products and “last-mile” distribution services. It was founded in 2012 with a vision to provide underserved rural farming communities with affordable, convenient and reliable access to agricultural inputs.

Through pioneering real-time business intelligence, iProcure works with major producers, suppliers and local distributors to ensure smallholder farmers can access the resources they need and minimise price fluctuations. The technology helps provide security for thousands of smallholder farmers in Kenya who rely on agriculture for their livelihoods and survival. Over the past eight years, iProcure has leveraged its broad network and proprietary technology to achieve tremendous growth and has grown a nationwide network of 10 distribution/fulfilment warehouses. By 2024, iProcure aims to become a leading regional logistics & technology company across East Africa.

About iProcure

  • Incorporated in 2012 in Nairobi, Kenya
  • Extensive distribution network of 10 distribution/fulfilment warehouses operating across 22 counties in Kenya
  • Developed its own in house software (iPos) to help their clients implement reliable inventory and financial management systems
  • 177 employees as of December 2021
  • Currently supply approximately 4,600 agro-dealers, with each dealer supplying a further 300-500 smallholder farmers
  • Generated turnover of $5.5 million in 2020
  • Key product information

    Issuer: Fortem Holdings (parent company of iProcure Limited)

    Issuing Country: Mauritius

    Investment target: £125,000

    Minimum investment: £50

    Maximum investment: No maximum

    Maturity: 24 months

    Expected interest rate: 6% per annum

    Withholding tax rate: 0% (applicable to UK residents who do not invest within an IF ISA)

    Interest payment frequency: 6 monthly

    Capital repayment: 6 monthly

    Financial instrument: Secured interest bearing bond

    Security: Secured (For more information regarding security, see pages 5 & 28 of the Offer Document)

    Key risks

    This is a bond issued by a single company (rather than a savings product) and therefore it is recommended that you are careful with the amount you invest.

    You must read the investment memorandum (provided below) where a full statement of risks is presented, particularly in section 5. Risk analysis overview.


    See what iProcure do

    What the project investment will enable

    With the funds from this raise, iProcure will be able to continue to supply approximately 4,600 agro-dealers a month with the aim to almost double this number by the end of 2022.

    On average, one agro-dealer supplies about 300-500 smallholder farmers with fertilisers, mineral supplements, crop protection products, small farming equipment and animal pharmaceuticals. Smallholder farmers have benefitted through improvements in pricing, accessibility of higher quality of agricultural inputs, as well as consistency of supply, leading to lower, more stable prices. iProcure achieves this by providing the agro-dealers it supplies with a mobile-based retail management system - iPos, (developed in-house) - to ensure the agro-dealers supplied by iProcure every month are able to manage their stocks, place orders, automate sales to customers and access business performance reports. This ensures they are able to improve the performance of their businesses and in turn improve their capacity to serve the smallholder farmers.

    The overall effect of this is to eliminate stock-outs of agri-inputs, thereby introducing price stability and higher level of farm productivity for remote smallholders.


    iProure currently supplies approximately 4,600 agro-dealer across 22 counties in Kenya from 10 distribution/fulfilment warehouses. The Company also owns and operates 30 vehicles, with a total carrying capacity of over 300 tons, to handle outbound distribution from the warehouses.

    Over the past five years, the Company has invested heavily into its proprietary technology that allows iProcure to track order volumes, distribution checkpoints and stock levels of agro-dealers and stockists. Your investment will help iProcure continue to grow and provide further smallholder farmers with the equipment and supplies they need to live.

    Social and environmental impact

    iProcure provides technological and logistical infrastructure that enhances transportation and delivery solutions for the agriculture input value chain throughout Kenya. The Company has a network of warehouses and depots that supply agro-dealers, stockists and remote farming communities with quality agricultural inputs directly from manufacturers. Quality control and reliability are fundamental drivers of iProcure’s business model and partners with the leading agricultural input manufacturers in the region to ensure high-quality products are made available to farmers in a timely and dependable manner.

    Social Impact

    Social Impact

    In 2019, iProcure carried out a Lean Data Survey that collected detailed insights from their clients. Some of the results from this survey of farmers using iProcure' s products can be found below:


    reported that their lives had “very much improved”


    see themselves working with iProcure in the next season, and 83% over the next five years


    saw an improved quality of life


    saw improved production


    saw improved income stability


    had improved confidence in their farming practice

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      Offer Documents

      iProcure Issue 2 Offer Document (Log In to download)


    Frequently Asked Questions