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WCA network
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WCA network

Refinancing working capital for agriculture and value chains.
Investment overview
Impact category
agrifood_systems
Investment type
loan
Yearly interest
5
%
Term
6
months
Risk level
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Promoter

What will you be financing?

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). 

In total, this is the twentieth-second campaign promoted by WCA with Goparity. Seventeen out of the previous twenty-one campaigns have reached payment plan maturity. All investors received their capital back, a total amount of 2.215.000€, 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.


What is the impact?

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.

Impact indicators

CO2 avoided per year
clean energy
created by our projects
of sustainable
impacted

Contribution to the Sustainable Development Goals

About the Promoter

About Adega Cooperativa Cantanhede

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.

Promoter website

https://www.workingcapitalassociates.com/

Team

[{"id":59,"promoter_id":183,"name":"Federica Sambiase","description":"Federica Sambiase is a senior Banking & Finance professional with 20+ years of experience in originating, advising and structuring corporate finance solutions for global clients.","link":"https://www.linkedin.com/in/federica-sambiase-aa204414/","role":"Founding Partner and CEO","member_photo":"https://991934249232-prod-octobercms-public-storage.s3.eu-west-1.amazonaws.com/public/63a/634/197/63a634197879d985290995.jpg","avatar_id":74124},{"id":60,"promoter_id":183,"name":"Andrew Darling","description":"Andrew Darling is a veteran Trade Finance specialist with over 40 years experience of providing funding to Corporates across a broad spectrum of products.","link":"https://www.linkedin.com/in/andrewdarling1","role":"Chief Structuring and Product Officer","member_photo":"https://991934249232-prod-octobercms-public-storage.s3.eu-west-1.amazonaws.com/public/63a/634/261/63a634261d781576177858.jpg","avatar_id":74125},{"id":61,"promoter_id":183,"name":"Jorge Cerna Coronado","description":"Jorge Cerna is an investment banking & finance professional with 10+ years experience in origination, structuring and relationship management of local and regional clients in Latin America.","link":"https://www.linkedin.com/in/jorgecernacoronado/","role":"Latam Origination and Relationship Management","member_photo":"https://991934249232-prod-octobercms-public-storage.s3.eu-west-1.amazonaws.com/public/63a/634/331/63a634331de98060802528.jpg","avatar_id":74126},{"id":62,"promoter_id":183,"name":"Gathuo Njoroge","description":"Gathuo Njoroge is a finance and technology expert with over 10 years experience in product development, research, origination and operations of SME and corporates finance solutions across East African and US markets.","link":"https://www.linkedin.com/in/gathuo-n-3922267/","role":"SS Africa Origination and Relationship Management","member_photo":"https://991934249232-prod-octobercms-public-storage.s3.eu-west-1.amazonaws.com/public/63a/633/4cf/63a6334cf0041047054152.jpg","avatar_id":74120},{"id":63,"promoter_id":183,"name":"Ekaterina Kobzareva","description":"Ekaterina Kobzareva is experienced and highly qualified Investment professional with 6+ years in financial analysis, due diligence and deal structuring (both Buy side and Sell side) across a number of different industries.","link":"https://www.linkedin.com/in/ekaterinakobzareva","role":"Investments Manager","member_photo":"https://991934249232-prod-octobercms-public-storage.s3.eu-west-1.amazonaws.com/public/63a/633/bf9/63a633bf98d69567183472.png","avatar_id":74122},{"id":64,"promoter_id":183,"name":"Sara Piedrabuena","description":"","link":"https://www.linkedin.com/in/sara-isabella-piedrabuena-1130741b8/?originalSubdomain=ar","role":"Designer and Latinamerican Coverage","member_photo":"https://991934249232-prod-octobercms-public-storage.s3.eu-west-1.amazonaws.com/public/63a/634/066/63a634066f032406694663.png","avatar_id":74123}]

Business Model

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