Burkinabe Indian processor Anatrans greeted Oikocredit's investor for social impact as a new shareholder.
The Dutch group Oikocredit invests 2 million euros in Anatrans, one of the largest potash producers in Burkina Faso. The company, which produces the original products from the local community, supplies international markets with organic Indian walnuts, which are conventional according to the rules of proper trading.
Anatrans uses the commercial network of its largest shareholder, the Trade Development Group (TDG).
In cooperation with groups of farmers and cooperatives, Anatrans maintains relationships throughout the year with 3,500 farmers of Indian farmers. The company, which employs around 1,500 people, has supported producer groups since 2008 by providing technical assistance in cooperation with NGOs.
Oikocredit has more than 40 years of experience in financing organizations working in the fields of inclusive finance, agriculture and renewable energy. Oikocredta's loans, investments and capacity building allow low-income people to sustainably improve their living standards.
Oikocredit finances about 800 partners in 70 countries, with a total capital of EUR 971.5 million.
Evert Ludding, Oikocredt's investment manager for Africa, joined the board of Anatrans as a representative of a new investor: "This investment strengthens Oikocredit's strategy to support sustainable agro-food processors in favor of small agricultural producers. This exciting partnership with Anatrans and TDG is in line with Oikocredit's focus on social impact. Anatrans's support for organic farming also reflects Oikocredit's commitment to environmental protection He said.
According to Gerard Klijn, director of TDG in the Netherlands: "It's great to see how a true partner enters India's arms trade, and their skills will certainly strengthen our business position. I hope this will encourage more investment in the Indian walnut sector, especially in local processing. "
Harm Voortman, Executive Director of Anatrans in Burkina Faso, added: "We are excited to be partners with Oikocredit and start a new chapter together. The investment of Oikocredit will allow Anatrans to expand its business and continue its work in order to create a sustainable value chain for the pulp in Burkina Faso. "