Innovation Prize for Africa recognizes Lakheni
Tuesday, June 27, 2017
Nokwethu Khojane and her business partner, Lauren Drake, saw a need and found a solution: their social enterprise, Lakheni, uses the buying power of whole communities to lower the price of staple food. It also provides a means for day care centres to generate income.
A poverty tax is imposed on people who live a long way from grocery stores. The added cost of travel eats into money that poor families should spend on groceries. In response, Khojane and Drake founded Lakheni, a group buying club that combines orders from a community, and uses the buying power of the group to get better prices.
“At the bottom of the pyramid, distribution is very inefficient because of the small amounts that individuals buy. But there’s value when you start aggregating that demand, because the numbers are there — they’re just fragmented,” Khojane told Fast Company magazine.