7/21/2008

Visiting new portfolio companies

Hello! Today, we visited 2 other companies. Those haven't yet received funds from WOW, but are excellent candidates. They belong to different industries: food/condiments and well-being/body-care:
  • SOPRA
  • Bio Essences
Our first visit was SOPRA and was clearly inspiring. Ami Dimé, 
the woman who founded the company started with 500 Fr cfa in the 90's, and is now employing 9 people and transforming/producing up to 200kg of pepper products daily. Those products contain no additives. We felt she had a true entrepreneurship spirit. She developed a loyal customer base among different communities over the years. She recently innovated with a new green pepper sauce. 

The next visit was Bio Essences. This company is very different from the ones that we had the opportunity to meet so far.  They made a large upfront investment to create, produce and promote high-quality karité-based products for the body. They started their production phase only a year ago. This company has a significant potential for growth. This would be very exciting to accompany them during their starting-up phase. We had the opportunity to visit the facility which includes very new equipment, a large lab and a highly clean production line.

That was another interesting day!
Tomorrow, the team will spend time at the office and visit the Chamber of Commerce in the afternoon.

~Laurent

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