Margaret Nyamumbo is the Kahawa 1893 founder and serves as its Chief Executive Officer (CEO). Kahawa 1893 began its journey in the year 2017.
Margaret Nyamumbo was a former employee at World Bank and served as its consultant. She quit her job on Wall Street in 2007 and relocated back to Africa.
She is a former student of the Harvard Business School. In her Margaret Nyamumbo biography, she would call herself a coffeepreneur, a combination of the words coffee and entrepreneur.
She is a third-generation coffee farmer.
How Did She Reach The Harvard Business School?
She was born in Kisii in southwestern Kenya. Nyamumbo upon completing her primary education received a scholarship to pursue a bachelor’s degree at Smith College, Northampton, Massachusetts.
The flight ticket for her to reach America was bought through a fundraiser by her villagers. She started a job at Citigroup on Wall Street.
Further, she graduated with an MBA from Harvard Business School while working the job. As of now, she is based in New York City.
Margaret Nyamumbo Net Worth
Margaret Nyamumbo and Kahawa 1893 have a combined estimated net worth of 10 million U.S. Dollars.
Why Did Margaret Nyamumbo Launch Kahawa 1893?
Her firm is launched with the aim to end the disparity the women workers in the coffee farms have been facing for decades. Through Kahwa 1893 customers have the option to tip the farmers.
The company would then proceed to match the tips dollar for dollar to double the impact that would enable the customer tip directly help and affect the life and compensations of the coffee workers.
She envisions empowering female coffee laborers by bringing them the recognition and the pay that they deserve. Customers can tip the women by scanning a QR code on the bag of the coffee beans that they purchase.
The company has given more than 20,000 US Dollars to the laborers since its launch.
Kahawa 1893
As per the Kahawa 1893 analysis, it is the first black woman-owned coffee brand that got stocked at Trader Joe’s in the U.S. The brand is also stocked in Sprouts.
She sources coffee directly from African women farmers in Kenya, Rwanda, and Congo and has the vision to revolutionize the coffee industry by aiding the farmers with new compensations.
Nyamumbo has close associations with coffee as she grew up on a coffee farm in Kenya that belonged to her grandfather. Through Kahawa 1893 she aims to export African coffee to America.
She had observed that women do not get deserving compensation because they do not own the land even when 90 percent of the coffee farm labor comes from women workers.
Why Is The Brand Named Kahawa 1893?
Kahawa 1893 is a San Francisco based coffee company. Kahawa is a term in the Swahili language of Africa. It simply means coffee.
The digits that follow the word denote 1893, the year in which the African coffee story started.
The initial origin of coffee can be rooted back to the ancient forests in Ethiopia. Coffee was found there which then took a round around the world and made its way back to Africa in 1893.
Nyamumbo emphasizes that while women do 90 percent of the labor they only own 1 percent of the land. Kahawa 1893 made 4 million US Dollars in sales in the year 2022 alone.
Nyamumbo And Kahawa 1893 Shark Tank: How Did It Go?
The coffeepreneur pitched her idea to the panel of sharks that included Emma Grede, Kevin O’Leary, Lori Greiner, Mark Cuban, and Robert Herjavec.
Shark Tank is a U.S. reality television show in which entrepreneurs with business and start-up ideas pitch their proposals to the seated panel of investors who goes by the name sharks.
If the sharks find the business idea interesting and beneficial they would offer to invest in it in exchange for a stake in the startup. The deal can be negotiated by both the presenter and the investor.
Nyamumbo came with an offer of 5 percent of her company for 350,000 US Dollars, that is Sh44 million.
She was offered bids by all the sharks except O’Leary, who was more impressed by her story to start the company and her visions.
Emma Grede said that she thinks Nyamumbo has got a great brand. She added that she was into Nyamumbo’s brand and the story that the entrepreneur has got.
Also Read:- Who Is Da Brat? The Story Of Shawntae Harris-Dupart’s Pride
Nyamumbo had come with coffee samples for the judges to taste. The Kahawa 1893 coffee review by the judges proved that the coffee was of the best quality.
Shark Robert Herjavec on tasting the coffee sample made a remark that was a good coffee. Emma Grede said although she was a tea girl what she tasted was a good cup of coffee.
Emma Grede asked for an 8 percent stake and offered to invest a huge amount of 350,000 US Dollars, that is Sh44 million. Nyamumbo took no time in accepting the deal.
Nyamumbo on accepting Grede’s deal said that it was a dream come true moment for her. She was excited to get another black woman to support and mentor her. She added that all the other women frames that work with her would be happy to learn this.
