Country: Yucatán, Mexico
Sector: Honey
Investment: Build and equip independent production facility
Total estimated capital expenditure: USD 550.000 for land purchase, factory construction, and equipment installation
Investment type: 7-year subordinated loan, 2-year grace
Amount invested by Kampani: USD 450.000 for factory construction
Co-investor: Not applicable
In portfolio since: January 2021
Deal sourced by: Alterfin
THE BUSINESS
Naijl Cab now has a solid reputation, both locally as well as in the international market, thanks to the strong commitment of its founders, and staff, to achieve the organization’s mission by:
a) developing beekeeping as a profitable activity for smallholder farmers, complementing traditional agricultural activities in the area;
b) contributing to improving members’ living conditions and promoting development;
c) developing social cohesion by organizing the beekeepers.
Najil Cab believes that the development of its own processing capacity is key to achieving further growth and generating important efficiencies. This is what Kampani has been invited to help realize.
SOCIAL IMPACT
Najil Cab is by its very nature a social enterprise. It was founded and exists to create – and to maximise – social impact, rather than profit. In a region facing extreme poverty and lacking in alternatives to generate cash income, Najil Cab provides greatly needed support to the largely Indigenous Maya population of Yucatán. The honey trade is for most producers their only source of cash.
An estimated total of 300,000 Maya live in Yucatán today. At its peak the Maya civilization had one of the richest cultures in the Americas.
As part of their commitment to empowering and improving the lives of the beekeepers and their communities, Najil Cab provides the producers with the following benefits:
- Secured off-take
- Above-market price and transparent price setting
- Technical Assistance Services and Training
With the establishment of its own production facility, Najil Cab aims to further its social impact and create a space for farmer collectives to gather and organize, further strengthening their position in the broader market. Again, an example of Najil Cab’s unrelenting commitment to supporting the beekeepers and their communities.
