Fegurri SAC Uses Working Capital From ProducePay to Grow and Diversify Into New Crops
“Our biggest challenge to growing and diversifying our business is freeing up cash flow while waiting to get paid during our traditional harvest period.”
– Alejandro Hernan Carvajal Tapia, Director of Fegurri SAC
Fegurri SAC
Piura, Peru
Table grape growers
Diversify into new crops
Pre-Season Financing
Fegurri SAC is a Peruvian agriculture company located in Piura, a region with a subtropical climate ideal for producing several crops. Their main crop is table grapes, including both licensed and traditional (public) varieties, and they are also venturing into avocado production.
The Challenge: Improve Operational Cash Flow to Free Up Capital for Expansion into New Crops
“ProducePay understood our business. They gave us financing options, and they know that for growers, there are periods when you have no income and periods when you do.”
Fegurri SAC needed financing to maintain its table grape operations, particularly during harvest times when their cash flow was low, and wanted to expand its avocado production.
Company Director Alejandro Carvajal knew working with a partner who understood growers’ specific needs and challenges and their crop production cycles was essential.
He considered working with traditional banks, but they lacked the expertise and specialized knowledge he valued.
The Solution: Pre-Season Financing Designed to Improve Operational Cash Flow and Expand into New Crops
“They know how our industry works and understand our crop season, so it was easy to talk about the working capital we needed to finance our operations.”
When Alejandro discovered ProducePay’s digital platform, he initially used it to check the prices of various products. And as he spent more time with the app, he found all the different financing options he was eligible for to support his company’s growth.
He learned that ProducePay could offer an ideal solution to Fegurri SAC because it has the experience and expertise to understand the complexities of agricultural production and marketing.
After exploring his options, Alejandro met with the ProducePay team in his fields, and they explained how their services could impact his operations. After having a productive discussion, he decided that pre-Season financing was the right choice for his business.
“I would recommend ProducePay to any grower looking for the financing they need to help with their production.”
– Alejandro Hernan Carvajal Tapia, Director of Fegurri SAC
