WCA network II

Refinancing working capital for agriculture and value chains.

Resumen de la inversión

Categoría de impacto

Sistemas agroalimentarios

Tipo de inversión

Préstamo

Interés anual

5.6

Plazo

meses

Nivel de riesgo

B-

Working Capital Associates provides direct financing to value chains of agriculture products from Sub-Saharan Africa (SSA) and Latin America (Latam). So far, the company has raised 2.945.000€ through Goparity to fund four different organizations: a coffee cooperative in Peru (Peruvian Resilient Farming I, II, and III); a cocoa company in Peru (Resilient Cocoa Farming I, II, III, and IV); a family-owned cocoa company in Ecuador (Ecuadorian Cocoa Farming I, II, III, IV, V, VI, VII, VIII, IX and X); and family-owned company based in Kenya active in processing and exporting macadamia nuts (Macadamia Nuts I, II, III, and IV).

This is the second campaign of the network series after WCA Network I.

In total, this is WCA's 23rd Goparity campaign, 18 out of the previous 22 campaigns have reached payment plan maturity. All investors received their capital back, a total amount of 2.420.000€, and corresponding interest.

The funds raised in this campaign will serve as Export & Transactional Finance to refinance the following pipeline of projects:

Client	Country	Product	Activity
Amazonas	Peru	Cocoa	A company specialising in the aggregation and sale of cocoa products. The company’s business focuses mainly on the export of three types of cocoa beans: Organic and Fair Trade, Conventional and Fine Aroma cocoa.
Aroma	Ecuador	Cocoa	Specializes on the aggregation of cocoa from producers and intermediaries, its preparation for further transactions and sale on local and export markets.
Cenfrocafe'	Peru	Coffee	The 6th largest cooperative in Peru, with over 3,200 associated families. Cenfrocafe was founded in 1999, after the global coffee crisis of the early 1990s, when twenty producers organised to sell their crops more efficiently. By working with other groups, the growers of Cenfrocafe could increase their revenues and invest in modernising production.
Cepromar	Ecuador	Fish	A company specialising in the procurement of fresh fish, processing and export of frozen fish and value-added products for international markets.
Coopaser	Peru	Cocoa	A Cooperative located in Madre de Dios that specializes in cocoa products. It was established in 2014 with the support of Aider - Althelia, and since then has grown from 21 producing associates to 339. Their cocoa is Fairtrade and Organic certified. The Company’s main business is focused on collecting cocoa beans from its producing associates and fermentation and drying of beans for further export to Europe.
EcoKakao	Ecuador	Cocoa	A family-owned company based in Guayaquil (Ecuador) specialising on aggregation, processing and sale to Europe, North America and Asia of conventional cocoa, special cocoa and semi-finished cocoa products.
Gisha	Uganda	Coffee	Gisha Coffee was incorporated in 2014 as a private limited liability company to procure, process, and export-ready green coffee and roasted coffee beans. The company’s management states that its primary function is to bridge the gap between coffee farmers and roasters in a sustainable and traceable way at competitive prices and terms.
Pacfish	Ecuador	Fish	A company specialising in processing and exporting frozen fish and shrimp produce for international markets.
Pongarbel	Ecuador	Cocoa, bananas	A family-run company managing property la Hacienda “SAN JOSE”, it is specialized in the production and distribution of bananas, cacao, African oil palm and other crops. The company was established in 1997 when 200ha were purchased mostly for cultivating short-cycle crops. As of today, Pongarbel owns more than 1.050ha
Privamnuts	Kenya	Nuts	A based company specialising in the aggregation, processing, and sale of macadamia nuts for international markets.
San Gallan	Peru	Fresh vegetables	A B-Corp certified producer of green asparagus, pomegranates and blueberries. The main economic activity of the company is the planting, production and cultivation of high-value fresh fruits and vegetables, mainly destined for export markets such as the United States, the UK, China and several European countries.
Tocache	Peru	Cocoa	A Cooperative organization with 30+ years of history that unites 481 producers of cocoa beans and centralizes administrative, governance and business functions to better represent its associates on international markets. The Company was born in 1987 as Comité Central de Productores Agropecuarios Tocache (Central Committee of agricultural producers Tocache), and in 1990 its legal status was changed to Cooperativa Agraria “TOCACHE” Ltda.
Winrep	Ecuador	Shrimp	A company specialising in processing and exporting shrimp produce for international markets.

¿Cuál es el impacto?

This campaign is one of several to fund a pipeline of projects in Peru, Ecuador, Uganda and Kenya.

Direct

Improvement of small-holder farmers and cooperatives financial health: small-scale farmers and cooperatives receive better financial conditions and higher profit margin for their produce, when gaining access to international markets.

Indirect

Enabling agricultural efficiency and reducing rural poverty: market access has been identified as one of the most relevant factors influencing the performance of small-scale producers in developing countries and, hence, one of the enablers of agricultural efficiency, a vital opportunity to reduce rural poverty. WCA provides smallholder access to markets via value chains.
Promotion of gender equality: WCA is a female-owned and -led company. In addition, the company applies a gender-lens to its investments and seeks to finance businesses that have the appropriate governance and responsible management standards to allow women to grow successfully in their work environment.

Contribución a los Objetivos de Desarrollo Sostenible
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Sobre el promotor

About

WCA (Working Capital Associates) LLP

Working Capital Associates (WCA) se fundó en 2018 por Federica Sambiase – profesional senior del sector financiero y bancario – y CEO de la empresa. Experimentó de primera mano como los bancos comerciales tradicionales no conseguían adaptarse a las necesidades de los prestatarios de PYMES y sus requisitos hechos a medida, especialmente en regiones como SSA y Latam, donde la necesidad de crédito crecía rápidamente.

La visión de WCA refleja más de 20 años de experiencia de su líder en el mundo de las finanzas, así como la pasión por el desarrollo e igualdad de género, madurada y nutrida durante sus años como miembro de la junta directiva de la ONG Care International.

WCA es la única empresa – liderada por mujeres y cuya propiedad es totalmente femenina- que proporciona financiación directa a la cadena de valor de productos agrícolas en África subsahariana (SSA) y Latinoamérica (Latam).

WCA está comprometida con un enfoque de negocio profesional, ético y transparente, efectuando inversiones socialmente responsables “que permiten a los inversores abordar los criterios medioambientales, sociales y de gobernanza empresarial (ASG) mediante la inversión en soluciones específicas, como por ejemplo la energía renovable, gestión de residuos y agua, silvicultura y agricultura, productos de salud e inclusión financiera ” (PRI).

La empresa sigue dos cuestiones clave:

La empresa también aplica inversión en lentes de género, procurando financiar un nivel significativo de negocios liderados por mujeres que siguen los estándares de gestión sostenible y responsable.

El propósito de WCA es aumentar la cadena de valor proporcionando acceso a financiación a PYMES y enfocándose en tres principios clave dentro del marco de los ODS:

El equipo está compuesto por diez profesionales, gran parte del equipo miembros senior con más de 10 años de experiencia en mercados emergentes y/u operaciones financieras, y experiencia colectiva en financiación de más de 1 billón de dólares de deuda a corto plazo y transacciones comerciales de mercados emergentes.

Puedes saber más sobre el equipo aquí.

WCA también ha sido reconocido como un agente del mercado relevante, y como prueba de ello:

Asociación con Centro de Comercio Internacional de las Naciones Unidas, en el ámbito de apoyo comercial de actividades enfocadas de género.
Asociación con la Cámara de Comercio de Kenia.
Conferenciante en el Foro Mundial de Comercio y Desarrollo - Etiopía
Conferenciante en la Semana Sostenible de Suiza.
Conferenciante de la Cumbre Anual de Café de África del Este – Kenia.
Formador y colaborador en seminarios con la Cámara de Comercio de Kenia y del Centro de Comercio Internacional.

Sitio web del promotor

https://www.workingcapitalassociates.com/

Equipo

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Modelo de negocio
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