From Forbes Magazine
Do you have to be a little nuts to give up all the trappings of corporate success, move your family to Mozambique to start a cashew company and pledge to give away 90% of your profits to help orphans and farmers?
More than a few people suggested as much to Don Larson, a former Hershey Company exec who sold his Porshe, his hot air balloon and his house with a swimming pool to buy a small factory in Matola, Mozambique to launch his social enterprise.
Larson’s Sunshine Nut Company, sells roasted cashews, grown by small farmers in Mozambique and produced entirely in-country. The company, which turned its first profit 18 months ago, sold about $2 million worth of cashews last year, and Larson is projecting $3 million to $5 million in revenue this year. The nuts can now be found in some 2,000 U.S. stores, including Whole Foods and Wegman’s.
More than 30 years ago, Mozambique led the world in cashew production. But, following independence in 1975, 16 years of civil war and bad banking policies decimated the industry. Now, Larson is trying to bring it back – this time, by empowering local communities, paying farmers fairly for their product and creating jobs with upward mobility for the country’s orphans and abandoned children in Sunshine’s factories. The company is devoting 30% of its net proceeds to support agricultural development and 30% to care for orphans and vulnerable children; another 30% will be directed to expanding to other developing regions, and, eventually, to other crops.
Most social entrepreneurs like to stress their founding story, the goals they hope to accomplish, the motivations that drive everything they do. The product itself? Sometimes, it’s just good enough, but nothing special. The really savvy social entrepreneurs have learned that a sincere mission and a superior product must go hand-in-hand. Read more