FRUITALES
Description
Fruitales is a women-owned business that started operating in 2006 with chili pepper processing and selling. It later diversified to other local fruits and vegetable products such as ginger and hibiscus, as well as some animal and fish products to reduce overdependency on one single, seasonal crop. Chili however remains its main product, accounting for about 80% of total sales, with 60% exported (to Belgium, Guinea Conakry…) and 40% sold in the local market supermarkets, hotels, and restaurants.
Market Opportunity/ Problem
The domestic and West African regional markets for the type of processed and packaged Fruitales products, particularly chili pepper purees and sauces in glass jars, is relatively big. Because household incomes are growing and dietary and eating habits increasingly resemble that of western countries’ middle-class households, the demand for those products is growing faster than local production. In rich western countries, the demand for exotic, organic food products is also increasing. Fruitales has been unable to capture those markets because of its limited production capacity. By moving its production to a more appropriate location in Dakar and acquiring industrial equipment, Fruitales will better contribute to closing the gap between the demand and the supply of its products in its traditional markets on the export market.
Company Information
Years of operation
16
Type of organization
Private Company
Stage of the business
Mature
Agribusiness focus
Value addition/ processing
Agriculture value chain(s) focus?
Fruit, Spices, Vegetables
Primary country of operation
Senegal
Other country(ies) of operation
Guinea Conakry, Belgium, France (exports)
How many employees does your business have?
20
Does the business have more than 30% women ownership?
Yes
Does the business have more than 30% youth ownership (under 35 years)?
No
Financing and expansion overview
How much capital is the company currently fundraising (US$)?
$420,000
What is the split between equity and debt?
Both, if possible around 5% equity and around 95% debt.