Fruits and Spices Madagascar - Working Capital

Created in 1993 and based in a Least Developed country (LDC)-Madagascar, Scrimad is focused on aggregating and processing organic fruits and spices, sourced from local smallholder farming cooperatives. Over the last 5 years, SCRIMAD has been transformed from a small family business to a leading processor and exporter of fruit and spices from Madagascar, establishing significant strategic partnerships with actors such as Ethiquable, a French cooperative specialised in fair trade products. 

The CFC financing to Scrimad provides the company with the working capital necessary to meet the growing demand for its products and increase its overall operational capacity and profitability. During the duration of this facility, the number of Scrimad smallholder suppliers is expected to increase from 2,000 to 3,000. 

SDGs