Cashew loans: social impact for thousands of farmer families in West-Africa
Cashew financing to facilitate the development of African business, for combating poverty on a fair, economic basis.
Nuts2 provides African cashew farmers access to the international market for nut trade, at fair prices. In doing so, they aim to provide as many value-adding activities as possible (i.e. factory processing) to take place in Africa in order to stimulate the local economy.
Nuts2 has two factories in West Africa; Afokantan (400 employees) located in Benin and Anatrans (1500 employees) located in Burkina Faso. Raw cashew nuts are purchased directly from around 5,500 farmers. For us to be able to buy the harvest from the farmers, harvest financing is needed, because the sale takes place a few months later.
Both factories form the engine of the local economy. An important factor of success is that the local management is Western or received a Western education. Also of great importance is the fact that senior management is loyal to the factory and its objectives to provide the local population with fair prices and stable jobs. Due to a good harvest and well-run factories, over 5,500 poor farmer families now benefit from the increased activity. It gets better, in addition almost 2,000 people have a paid job in the factories of which 85% are women! Both farmers and employers therefore have good family income. This makes it possible for their children to go to school, to pay for their health care and sometimes even save a little. That is the social impact we want to reach together!
Join with a loan!
Do you want to participate in this story? Would you like to help increase the success further still? That is possible! MissionInvest offers you the opportunity to participate as an involved financier. There is room for this form of financing up to a total amount of €4 million. Due to AFM regulations only loans of € 100,000 can be granted. Tickets are available for 100K, 250K, 500K and 1000K with a duration of 2, 3 or 5 years. The interest rate depends on the ticket size and the term of the loan and will fluctuate between 5-7%. This project is worth your investment! You will not only get a substantial financial return, but also a significant social return!
Read more about this story at www.nuts2.com
Attention! No AFM supervision. No prospectus required