Portfolio Company
Promo Fruits
Unclassified · Benin
Promo Fruits is one of the largest pineapple juice processors in Benin. Promo Fruits procures fresh fruits from local cooperatives to be processed into juices and nectars free of preservatives and additives.The ABC Fund has loaned Promo Fruits EUR 800,000 to cover its working capital needs, to import materials to manufacture juice cans and to purchase equipment to create polytunnels which smallholder farmers use to create optimum temperatures and humidity levels for fruit growing, leading to higher yields. This equipment is expected to boost 750 smallholder farmers’ production capacity and income. Promo Fruits provides free advice and training on harvest techniques and phytosanitary treatment for the control of plant diseases, to smallholder farmers. The ABC Fund’s support will help the company generate sufficient cash flow to continue offering these services to farmers.PromoFruits continues to expand and plans to increase the production capacity of its processing plant. As of December 2022, the company is working with 2,683 smallholder farmers, of whom 34% are women and 70% are youth.
Capital Relationships
Fund Investment · Active · Songbae analysis