Quito, November 14, 2024

 

IMPAQTO Capital announces an investment in Quenco, a Peruvian company optimizing the fruit and vegetable supply chain by connecting small farmers with restaurants and other buyers. IMPAQTO Capital is investing through a revenue-based loan.

 

The supply chain between fruit and vegetable producers and buyers is highly fragmented, with up to five intermediaries in the process. This fragmentation is inefficient and reduces the income of producers, many of whom live in vulnerable conditions.

 

Quenco addresses this issue by handling all logistics between the farmer and the final buyer, offering a wide range of quality fruits and vegetables to restaurant chains, supermarkets, and food service providers. Additionally, the company enables small farmers to improve their selling prices and have a source of consistent demand for their products, while working closely with the farmers in providing training and technical assistance.

 

Currently, Quenco’s clients include some of the most important restaurant chains in Peru. Through its work with associations and cooperatives, Quenco benefits 200 small producers, supporting their development and strengthening their communities.

 

Brayan Mori, CEO and Co-Founder of Quenco, commented, “We are extremely pleased with the investment from IMPAQTO Capital, as we share the vision of generating a positive impact in agricultural communities. Thanks to this support, we will be able to strengthen our operations and increase our capacity to meet higher demand, allowing us to significantly amplify the impact on our farmer partners.”

 

Justin Schwartz, Managing Partner of IMPAQTO Capital, stated, “The Quenco team has a deep understanding of the challenges in the agricultural sector in Peru and is solving a major problem by creating a more efficient distribution chain that enables small farmers to earn more and build their capacities. We are happy to support the company’s expansion with this investment and support them in their growth.”

 

The investment will be used to expand the company’s capacity and improve the efficiency of its operations.