The Honey Producers Cooperative of Zimbabwe is a legally registered cooperative established to strengthen the beekeeping and honey production industry across the country. It brings together smallholder and commercial beekeepers to collectively produce, process, and market honey and other bee-related products. The cooperative supports its members through training, access to equipment, and shared infrastructure, while also focusing on quality improvement and export development.

Purpose of the Debenture Issue
This debenture issue seeks to raise US$500,000 to support the Cooperative’s strategic growth plan. The funds will be used to expand honey processing facilities, acquire modern beekeeping equipment for members, establish honey aggregation centres, and finance branding and marketing initiatives. The aim is to increase both production capacity and the income of cooperative members by positioning Zimbabwean honey competitively in local and international markets.

Terms of the Debenture
Each debenture is issued at US$1, with a minimum subscription of US$100. The debentures have a three-year term and carry an annual interest rate of 10%, payable quarterly. The principal amount will be repaid in full at the end of the term. These are secured debentures, backed by the Cooperative’s physical assets and honey inventory. Debentures are transferable subject to the Cooperative’s approval and terms outlined in the subscription agreement.

Use of Proceeds
Funds raised will be allocated to the expansion of processing capacity, procurement of equipment for member use, establishment of rural honey collection centres, and export market development. A portion of the proceeds will also be used for administrative support and working capital. These investments are expected to significantly improve production quality, efficiency, and access to higher-value markets.

Risk Factors
As with any investment, this debenture carries certain risks. These include agricultural and environmental risks that could affect honey yields, market price fluctuations, and foreign currency volatility. Operational risks such as supply chain disruption and management of rural aggregation also exist. However, the Cooperative has mitigation strategies in place including insurance coverage, training programs, and strong governance structures.

Governance and Oversight
The Cooperative is managed by an elected Board of Directors supported by a professional management team. The use of debenture proceeds will be monitored through quarterly reporting to investors, and oversight will be provided by the Cooperative’s internal audit committee. This ensures transparency, accountability, and alignment with the strategic objectives of the Cooperative.

Subscription Process
Investors are invited to subscribe by completing the application form and transferring funds to the designated Cooperative account. All subscriptions will be acknowledged, and debenture certificates issued upon confirmation of payment. The Cooperative aims to close the offer once the full US$500,000 has been subscribed.