RePAB

RéPAB, founded in 2015, is a cooperative of pineapple farmers in the West African country Benin. The cooperative has 1,600 members, 11% of whom are women. RéPAB provides the farmers guidance to grow their pineapples organically and teaches them how to improve the quality of with sustainable farming techniques. The cooperative then buys the farmers' harvests to resell to major buyers in Benin and other countries in the region.

 

Management team

President of RéPAB is Nicolas Vigan, who manages the cooperative. In addition, the Board of Directors includes Damien Kiki who is responsible for Production & Operations, Pascal Equiadje for Marketing & Finance, and Rodrigue Houessou for Accounting & Administration. All members of the management team are well trained in their respective functions. There is also an elected Supervisory Board. 

General information

BorrowerRESEAU DES PRODUCTEURS D'ANANAS DU BENIN
CountryBenin
Head officeALLADA
Websitehttps://www.sosfaim.lu/nos-actions/benin/le-repab-reseau-des-producteurs-dananas-du-benin/
Founded 1 January 2015
Active on Lendahand since 7 May 2021

Financial information per 2020-12-31

Total assets€365,512
Revenue€471,861
Leverage ratio34.00%
Liquidity96.00%

About Benin

Benin is a country in West Africa. It is bordered by Togo to the west, Nigeria to the east, Burkina Faso to the north-west, and Niger to the north-east. The majority of its population lives on the small southern coastline of the Bight of Benin, part of the Gulf of Guinea in the northernmost tropical portion of the Atlantic Ocean. Benin covers an area of 114,763 square kilometers and its population in 2018 was estimated to be approximately 11.49 million. Benin is a tropical nation, highly dependent on agriculture, and is a large exporter of cotton and palm oil. Substantial employment and income arise from subsistence farming.

Last funded project

RéPAB 2

This cooperative of pineapple farmers wants to tap into the growing market demand. With this loan of EUR 25,000, RéPAB can buy more organic pineapples from 200 farmers, who will increase their income. It also creates 1 permanent and 17 seasonal jobs for women.

  • 1 new jobs
  • 200 people reached

RePAB

Entrepreneur

€25,000

Amount needed

12 months

Maturity

Impact loan

100%
Fully funded in 36 days on 30 November 2021.