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 a $150,000 loan to Ricinomex. This loan will finance a new tractor to assist the farmers with tilling plus processing equipment that converts the castor cake into animal feed.