ETC is a small cereal processing and marketing company which sources raw materials produced by small-scale producers (millet, sorghum, rice) and markets food products (flour, couscous, dégué, etc.)
In 5 years, the company has doubled its turnover and reached a profitability of 16%. It has created 9 jobs, mainly for women. Sinergi supported the promoter in the financial structuring of its activity and in obtaining new commercial contracts.
The exit was achieved in 2014, with an annual internal rate of return (IRR) of 10% for Sinergi. The promoter wanted Sinergi’s support to continue after the exit, proof of the quality of the relationship.
The company benefited from a capital investment whose objectives were to :
Contribute to the construction and equipment of a workshop
Participate in the formalization and propose a management and accounting follow-up
Support the company in its commercial part (support to the elaboration of a marketing plan)
The support that ETC received allowed :
Creation of 10 permanent jobs
Contractualisation of purchases with a group of farmers