Vyazala
Vyazala is a fish processing company buying all fish from its contract farmers, providing cold chains and markets. While the company pays the final market price, fish farmers with Vyazala have about 40% higher income than other fish farmers. However, for most of the farmers fish farming alone (a part-time job only) is not sufficient to bring them out of poverty.
This is because the company shoulders the farmers’ risks of selling in unknown markets (time, transport costs, spoilt products, fish processing) and producing on its risks (Vyazala provides quality feed inputs, and advises on fishpond construction and management).
The social reach of the company is still relatively small (100 farmers in 2021), but the company is targeting 1,000 contract farmers by 2025.