Yetunde Adeyemi
Founder, Active Foods Ltd., Nigeria
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Ms. Yetunde Adeyemi is the founder of Active Foods Ltd, a successful food production and distribution company established in 2003. It began with flour but has since diversified into trading other products, such as rice, sugar, semolina, and baking ingredients like yeast and butter. As a beneficiary of the World Bank We-Fi project in Nigeria focused on expanding access to finance for women entrepreneurs, Adeyemi has received two loans from Nigeria-based Access Bank.Read more
Ms. Yetunde Adeyemi is the founder of Active Foods Ltd, a successful food production and distribution company established in 2003. It began with flour but has since diversified into trading other products, such as rice, sugar, semolina, and baking ingredients like yeast and butter. As a beneficiary of the World Bank We-Fi project in Nigeria focused on expanding access to finance for women entrepreneurs, Adeyemi has received two loans from Nigeria-based Access Bank. Access to finance has allowed Adeyemi to scale her production and create more jobs. The company’s bread factory, which started with a modest daily production of about 1,000 loaves in 2015, has risen to over 30,000 loaves. Employees have also multiplied from seven to over 200. The opportunity to access finance has also enhanced Adeyemi’s resilience and prepared her company to face shocks in demand resulting from the COVID-19 pandemic.
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