T&T Fruits

Debt : January 2022

BIO has granted a USD 3.7 M loan to T&T Fruits, a Peruvian agribusiness.

Amount

€ 3,290,000.00

Type of investment

Debt

Development impacts

  • Local economic growth
  • Food security & rural development
  • Promotion of ESG best practices
  • Gender

Beneficiary locations

Latin America and Caribbean: Peru

Investment field

Enterprises

Activity

C10.33 Other processing and preserving of fruit and vegetables

Organisation

T&T Fruits

Domicile

Peru

More investments in

T&T Fruits

T&T Fruits SA is a Peruvian family-owned company specialized in the processing and the packaging of premium fresh fruits (mainly mandarins and avocados) for export.

Founded in 2014, the company has built a packaging facility in Huaral (90km North of Lima), strategically located near Callao and Chancay port, with a processing capacity of 1,100 containers per year (2021). Fully equipped, the current plant is designed to reach a packaging capacity of 1,650 containers a year.

Development impacts

  • Local economic growth

    The project aims at creating decent jobs, both directly and indirectly. By increasing its packaging capacity, T&T will give opportunity to exporters to grow their activities giving opportunities to additional smallholder growers to sell their produce to exporters over the next 2 years.

    T&T participates in the dynamization of the value chain, indirectly contributing to the growth of logistic companies, cardboard boxes producers and other suppliers.

    By helping exporters, T&T contributes to increasing USD revenues into Peru, supporting export revenues and trade balance improvement.

  • Food security & rural development

    The project will have a positive impact on rural development, directly by providing job opportunities, and indirectly as it allows more fruit exports, increasing economic opportunities for Peruvian smallholder farmers.

  • Promotion of ESG best practices

    Workers at T&T benefit from good treatment. Among permanent staff, turnover is low at 10%.

    BIO's intervention will help the company to further institutionalize

  • Gender

    Although not 2X eligible, developing a gender strategy is included in the ESAP.

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