|Asset Classes||Private debt|
|Impact strategy||Sustainable Food and Agriculture|
|Aligned with SDGs|
MA’s Foods has grown to become one of Sri Lanka’s leading firms in the food processing industry and is known as the premium processed food, seasonings and spice brand in the Sri Lankan market.
The purchase of a coconut processing factory in 2004, which is located close to the capital city Colombo, has spurred MA’s Foods’ growth and increased its exposure to international markets.. It currently sells its products to different markets: one third domestic, one third to industrial customers, such as Unilever and Nestlé, and one third to international markets, predominantly coconut milk & curry to the Netherlands and Germany, and coconut milk and curries to Japan.
Fair and organic are key words for MA’s Foods. It has assisted farmers to organise themselves in order to qualify for the fair-trade conditions and benefits from the fair-trade premium. Furthermore, around 30% of its products are organic certified.” A percentage that is expected to further increase.
Hivos-Triodos Fund plays a key role in linking MA’s Foods to these international markets. The fund’s trade finance to MA’s Foods can bridge the period of processing and storage until final shipment and payment, and pay the farmers upon delivery of their produce.