Herve Tuyishime launched his venture with a straightforward goal: to improve his family’s livelihood. A few years later, that very ambition led to the loss of their home.
He founded Paniel Meat Processing (PMP), a pork‑sausage company in Rwanda, using a bank loan. Lacking industry experience, Tuyishime and his team learned as they went, making costly errors that hampered growth and strained loan repayments.
The bank eventually called in the loan, seizing the family home that Tuyishime had pledged as collateral. “It was practically our only asset in the country,” he recalls. The loss was crushing; in 2016 the family relocated to a rented house in Kigali. Although his mother and siblings were distressed, they remained supportive.
Undeterred, Tuyishime persevered. After the loan was settled—though at the price of losing their home—the business stabilized and began to grow steadily. Today, PMP ranks among Rwanda’s leading meat processors, and Tuyishime has expanded into transport and logistics, a venture that now surpasses his original sausage operation in size.
In 2022 the family moved into a new home, recovering what they had lost.
By the close of 2024, PMP listed its shares on the Stock Exchange of Mauritius.
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