Coffee Equipment
24,347.60USDC
97.39% of 25,000 USDCRepaidon Jun 10, 2026
- Funded date
- Oct 15, 2025
- Repaid date
- Jun 10, 2026
- Loan period
- 8 months
- Annual interest
- 23.50 %
Working capital for major coffee equipment contracts
Keen and Tight Caretakers is raising €400,000 to procure and deliver harvesting machines, silos, vibrating and depulping machines under major contracts with Dormans Coffee and Kenya Cooperative Coffee Exporters.
24,347.60USDC
97.39% of 25,000 USDCRisk score: BBB8 months23.50 %Repaid
Keen and Tight Caretakers Limited operates as a supplier and service provider in the agricultural equipment sector, with a primary focus on coffee processing equipment while also serving clients involved in the production of vegetables, fruits, vanilla, and edible seaweed. The company’s business model is designed to generate revenue through four key activities: equipment sales, spare parts supply, maintenance contracts, and installation services.
The company purchases equipment primarily from suppliers in China, Europe, and South America, reselling it at a markup to agricultural producers. This segment contributed 66% of the company’s total revenue in 2024, highlighting its significance as the core driver of business. Equipment supply, which typically involves transactions lasting 1.5 to 2 months, remains a significant driver of business. Spare parts supply accounted for 4.5% of revenue in 2024. Maintenance contracts, where the company takes responsibility for equipment support at a fixed cost, generated 28% of revenue. This service provides predictable cash flow and strengthens long-term client relationships. Installation, setup, and commissioning of equipment is offered as an additional service, contributing to the company’s ability to meet client needs comprehensively.
The company’s key clients are agricultural companies specializing in coffee production, as well as those involved in producing vegetables, fruits, vanilla, and edible seaweed. These clients rely on Keen and Tight Caretakers Limited for modernizing their processes and maintaining operational efficiency.
Keen and Tight Caretakers was foundedOct 1, 2018
Start of active work/productionJan 1, 2021
Total income in 202123.1 million KES (€142,857)
Total income in 202268 million KES (€420,469)
Total income in 2023115.3 million KES (€712,346)
Total income in 2024223.6 million KES (€1,378,378)
Min target12,500 USDC
Investors47
Interest paymentsmonthly
Principal repaymentsbullet
Total payments8 months
Risk scoring
Total risk scoreBBB
Debt to equity2.00
LTV120%
Credit history8 / 10
Collateral typeCompany Assets
Rating BBB (the fourth tier) reflects fast revenue growth since 2021, established coffee industry clients and recurring maintenance income, balanced against a light balance sheet with no significant fixed assets.
- D/E (Debt-to-equity) of 2 is moderate;
- LTV of 120% means the loan is larger than the assets backing it;
- Credit history score of 8/10.
Keep in mind:
- the company holds no significant fixed assets, and the collateral is equipment and materials in circulation;
- revenue depends on a few large contracts with coffee producers and exporters;
- equipment is bought from suppliers in China, Europe and South America.
Financials
Total income 2024€1,378,378
Total income 2021€142,857
Equipment sales66%
Maintenance contracts28%
€ thousands
€143k143
€420k420
€712k712
€1378k1378
2021202220232024
Total income converted from KES; net profit is not published for this company
Keen and Tight Caretakers has grown quickly since it became active in 2021, driven by equipment sales to Kenya’s coffee sector.
Fast revenue growth
- Total income grew from €142,857 in 2021 to €420,469 in 2022 and €712,346 in 2023.
- In 2024 it reached €1,378,378 (223.6 million KES).
Revenue mix
- Equipment sales made up 66% of 2024 revenue.
- Maintenance contracts at a fixed cost added 28%, a predictable, recurring stream.
- Spare parts and installation made up the rest.
Pipeline for 2025
- Three key contracts secured for 2025.
- A letter of intent for a supply agreement in Uganda worth about €284,000.
Market
Kenya’s coffee exports reached $250 million in 2024, and the market for coffee processing and packaging equipment was valued at $75 million, growing 8–10% a year. The wider agricultural machinery market is estimated at $450 million, growing 7–9% a year, as farms modernise irrigation, storage and processing.
Collateral breakdown
The company does not hold significant fixed assets, so the €400,000 loan is not backed by property or machinery on its balance sheet.
What supports the loan
- Agricultural equipment and materials worth about €138,330 a month in 2024, which could serve as collateral on a rolling basis.
- Accumulated working capital of about €300,000.
The loan funds the procurement of equipment for major contracts with Dormans Coffee and Kenya Cooperative Coffee Exporters.
Borrower
Keen and Tight CaretakersNairobi, Kenya · founded 2018
The company specializes in supplying agricultural equipment, including coffee processing machinery. Its client base includes organizations such as Kenya Cooperative Coffee Exporters, Dormans Coffee Limited, and Sasini PLC. These partnerships reflect the company’s role in supporting Kenya’s coffee value chain.
Reg No: PVT-ZQUP7XXkeenandtight.com