Burkinabe Anatrans collector processor welcomes investor of social impact Oikocredit as a new shareholder.
The Netherlands group Oikocredit invests € 2 million in Anatrans, one of the largest Burkina Faso cashew processors. The company, which nourishes nuts from the local community, supplying international markets with organic cashew nuts, which are conventionally under fair trade rules.
Anatrans benefits from its largest shareholder's commercial network, the Trade Development Group (TDG).
In association with farmers and co-operatives, Anatrans maintains a relationship throughout the year with 3,500 red farmers. The company, which employs around 1,500 people, has supported producer groups since 2008 by offering technical assistance in collaboration with NGOs.
Oikocredit has more than 40 years experience in funding organizations that work in the fields of finance, agriculture and inclusive renewable energy. Oikocredit's lending, investments and capacity building enables people with low incomes to improve their standard of living sustainably.
Funding has been funded from around 800 partners in 70 countries, with a total capital amounting to € 971.5 million.
Evert Ludding, an equity investment manager in Africa, has joined the board of directors of Anatrans as the new investor's representative: "This investment reinforces the Oikocredit strategy to support sustainable agri-food processors to benefit from smallholder farmers. This exciting partnership with Anatrans and TDG is in line with Oikocredit's focus on social impact. Anatrans support for organic farming also reflects the commitment of Oikocredit to protect the environment He said.
According to Gerard Klijn, CEO of the TDG in the Netherlands: "It's great to see a real partner entering the trade with us, and their skills will certainly strengthen our business situation. I hope that this will encourage more investment in the cashew sector, especially in local processing. "
Harm Voortman, CEO of Anatrans in Burkina Faso, added: "We are excited to partner with Oikocredit and start a new episode with each other. The Oikocredit investment will enable Anatrans to expand its business and continue its work to create a sustainable value chain for jackets in Burkina Faso. "