RICINOMEX

Ricinomex is a producer of castor oil, operating in Oaxaca, Mexico, since 2015. It sells its product to domestic manufacturers of soaps, adhesives, and lubricants as a cheaper alternative to imported castor oil from India. Ricinomex works with over 3,000 smallholder farmers from Oaxaca, the fourth poorest state in Mexico. Beneficial Returns funded two loans, which Ricinomex used to acquire a new tractor to assist farmers with tilling plus processing equipment that converts residue from oil production into animal feed.