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 5: 6% Bond

12 months to mature 6% interest

iProcure Issue 5: 6% Bond



Hour to run

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invested affordable fertilisers

iProcure systems provide consistent supplies of high-quality agricultural inputs.

households improved incomes for small holder farmers

Costs are kept down, and quality kept up, improving yields and incomes.

Invest in high quality, dependable agricultural supplies for farmers in East Africa

iProcure’s mission is to sustain smallholder farmers in remote rural areas through improved efficiency of supply chains. iProcure’s supply efficiencies result in improved affordability and quality for the end customers who are smallholder farmers.

Rural farmers have in the past had to struggle with overpricing, poor choice, and counterfeit products. iProcure's network of warehouses and depots supply agro-dealers, stockists and remote farming communities with dependable, quality agricultural inputs directly from manufacturers in a cost-effective way.

About iProcure

  • Incorporated in 2012 in Nairobi, Kenya
  • Largest agricultural supply chain platform in rural Africa
  • Provides in-house software (iPos) to help clients implement reliable inventory and financial management systems
  • Complete procurement and last mile distribution services
  • Business intelligence and data-driven stock management across the supply chains
  • Key product information

    Issuer: Fortem Holdings (parent company of iProcure Limited)

    Issuing Country: Mauritius

    Investment target: £150,000

    Minimum investment: £50

    Maximum investment: No maximum

    Maturity: 12 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: Unsecured interest bearing bond

    Security: Unsecured

    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 delivering high quality, reliable agricultural supplies to smallholder farmers in rural Africa.

    iProcure will use these funds as working capital through their network of warehouses and depots that supply quality agricultural inputs direct from manufacturers. Reliable access to quality controlled agricultural inputs, in a market that sees many counterfeits, enables smallholder farmers to achieve higher yields and better incomes.

    Farmers benefit from improved affordability, and dependable quality and supply. iProcure delivers efficiency through its in-house mobile based tech tools that it provides to the retailers that it is supplying.


    Historically, rural farmers in Kenya have had to struggle with an overpriced and poor selection of inputs in a market flooded with counterfeits. iProcure’s supply systems resolve this by introducing transparency, traceability and predictability; mitigating the occurrences of counterfeits, product stock-outs and inconsistent pricing of products.

    Smallholder farmers benefit through improvements in pricing (affordability), accessibility of higher quality of agricultural inputs, as well as consistency of supply, leading to lower, more stable prices.

    Social and environmental impact

    iProcure’s technology and logistics improve the efficiency of supplying agricultural inputs for agro-dealers and their customers in Kenya. The Company has a network of warehouses and depots that supply agro-dealers, stockists and remote farming communities with quality agricultural inputs direct from manufacturers. iProcure’s business model and partnerships 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

    • pdf

      Offer Documents

      iProcure Issue 5 Offer Document (Log In to download)


    Frequently Asked Questions