Oikocredit's new partnership with Patagonian Fruits supports Argentina’s fruit sector and builds climate resilience

Social impact investor Oikocredit is providing € 6 million in long-term financing to Patagonian Fruits in Argentina to support fruit purchases from farmers, boost production, invest in protective netting and increase exports.

Oikocredit’s five-year loan will assist Patagonian Fruits, one of Argentina’s leading fruit companies, in expanding its work with smallholder growers of conventional, organic and biodynamic apples, pears and kiwis and its processing, packing and exports. The company, based in the fruit-growing Alto Valle region of northern Patagonia, will use the finance for climate-change-resilience investments – mainly for netting fruit orchards on its own farms and in partnering with local producers – and as working capital to continue purchasing fruit from more than 100 outgrower farmers.

Investment in netting has become essential to counter increasing fruit damage from frost, heat spikes, sunburn, strong winds and other climate-induced extreme weather. It also enables water saving through efficient irrigation and ensures stable production every year. Many of Patagonian Fruits’ suppliers lack access to financing, mechanisation and international markets, as well as being exposed to climate change. The company’s contribution includes certification and support for on-farm improvements.

Read the press release here