Category

Investment Area

Tayka Community Hotels’ Network

Hotels’ Network Community

Tayka

Sector

Hotels

Department

Potosí

First year of investment

2004
Background

Tayka Hotel Network responds to a dream: to engage members of communities in southern Potosí, a region with one of the highest poverty rates, in their own development.

The Tayka Hotels Network was conceived in response to a call by the Inter-American Development Bank (BID) that, in 2000, launched a nationwide contest for the execution of a project that promoting community tourism ventures. The IES Foundation, then PRODEM Foundation, wins the contest and proposes a unique model unlike any previous models a) a project based on three actors: the IES Foundation, a private tourism operator partner, and the Community Associations that would be financed with BID resources, but in which the three partners should also contribute b) a model promoting the generation of prosperity in the communities of South Lipez through the creation of lasting companies c) a model of corporate governance where the IES Foundation and the Community Associations would manage the Hotels together for 15 years, after whicn these Associations will remain as sole owners.

Currently the Tayka Hotels Network is made up of three hotels. The Tayka de Sal Hotel from Tahua S.R.L, located in the town of Tahua, whose Community Association is called ATIPA (Association of Beneficiaries of the Community Ecotourism Network Project of Tahua Tunupa Inti Pueblo Andino); the Tayka de Piedra Hotel of San Pedro de Quemes SRL, located in the town of the same name, whose Community Association is called ACOSAPEQ (Association of Beneficiaries of the Community Ecotourism Network of San Pedro de Quemes) and the Tayka of the Desert Hotel of Ojo de Perdiz SRL whose Community Association is called ACOTA (Association of Beneficiaries of the Community Ecotourism Network Project of Zoniquera Tucuypaj Allin).

Intervention Description

At the beginning of 2002, the Foundation developed a project to build a network of hotels in partnership with the communities of the southwestern region of the Potosí department. Since then, and for over ten years, time, money and enthusiasm have been invested in the development of a unique project.

The “Tayka Model”

In the “Tayka model” each Community Association owns a percentage of the Hotel, therefore, receiving part of the dividends. At the same time, each Hotel is a source of work for several members of its Association, who participated not only in the construction of the Hotel but are currently employed there. Finally, each tourist visiting the Hotel makes a one-dollar contribution to a project that benefits the community. This contribution has served to improve roads, build sewage systems, provide a bonus to the elderly, among others.

Each of the Hotels has its own Board of Directors, made up of members of IES Foundation and leaders of the Community Associations. This body is responsible for making strategic decisions that help the Hotels´ growth and, consequently, benefit the partners, the communities and the entire region.

Results
  • The Salt, Stone and Desert Hotels operate successfully in the area and the Community Associations to which they belong have been consolidated and are an active part of the operation.
  • To date, the Community Associations have received – as dividends – an important amount of resources that has allowed them to carry out projects that facilitate the improvement of their living conditions. These projects could not have been developed without the existence of the hotels and, moreover, this source of income is sustainable over time.
  • Hotels have become a reference for hotels and entrepreneurship in their respective areas of operation since, in addition to mining companies, they are the institutions that contribute the most to local development in terms of taxes.
  • ATIPA and ACOSAPEQ Community Associations will become the sole owners of their respective hotels in 2020 and the ACOTA will do so in 2021.

Palma Verde Food Industry A.S.

Food Industry

Palma Verde A.S.

Sector

Agribusiness

Department

Cochabamba

First year of investment

2009
Background

Palma Verde Food Industry A.S. has been operating since 2009 and was set up with the objective of collecting, storing, benefitting and exporting canned palm heart to Argentina.

During the period 2015 and 2016, in response to a global crisis in the palm heart industry, the company expands the range of canned products through the development of new product lines such as pineapple, quinoa with beans and pineapple with quinoa. As a result, the company changed its business model to specialize in canned products.

Currently, Palma Verde has managed to diversify its markets to incorporate Uruguay, Paraguay and Chile. Furthermore, between 2016 and 2017 and for the first time, the company sold its products in the local market to reduce the effects of the contraction of the export market.

The intervention

On November 2009, IES Foundation becomes the majority shareholder of the company.

The intervention Model

IES Foundation participates in Palma Verde´s Board of Directors and, from where it supports the vision and strategic guidelines of the company.

Results

Among the most significant results over these 9 years of joint work, we highlight the following:

  • The product, in its different presentations (heart of palm, slices and pieces) is extremely well regarded, not only for the excellent export standards, but also its prompt delivery service.
  • The diversification of customers and markets has enabled the company to maintain sustained growth over the last few years.

Huayrihuana Agricultural Company A.S.

Agricultural Company

Huayrihuana S.A.

Sector

Agribusiness

Department

Tarija

First year of investment

2014
Background

The company, which is located in the Central Valley of Tarija, covers some 52 hectares and produces high quality grapes, nuts and rotating crops such as corn, potatoes and other vegetables.

The company was created in 2014 and, from the beginning, its main activity was the production and marketing of high quality grapes, generating a unique cultivation model through the use of techniques widely recognized by its customers.

As part of its mission, Huayrihuana stands out as a model farm which generates positive externalities to the region through the use of clean energies, additionally, all the organic material serves as an input to the primary production.

The main income is related to grape production, however, other annual crops are also produced mainly to allow the company to open up new markets and diversify its income. Huayrihuana´s products are sold in the local market, especially in Tarija.

The intervention

On May 2014, IES foundation became the majority shareholder of the company.

The intervention Model

IES Foundation participates in the Board of Directors supporting the vision and strategic guidelines of the company.

Results

Among the most significant results of these 4 years of joint work we can highlight:

  • Innovative agronomic practices that foster greater yields per hectare than the region’s average
  • Adoption of innovative and sustainable environmental practices which allowed the company to be a model farm in the Central Valley of Tarija, generating positive externalities in the region.

Agrinuts

Producer and Marketer

Agrinuts S.A.

Sector

Agribusiness

Department

Santa Cruz

First year of investment

2018
Background

Since 2010, Agrinuts – Producer and Marketer A.S. has opened markets for Bolivian peanuts and developed technology to increase productivity in a sustainable manner: preserving the environment, taking care of the natural habitat of the product and considerably improving its quality. Thus, Agrinuts placed Bolivia on the map of countries producing and exporting high quality peanuts.
Over the years, Agrinuts has become the leading company in the production of peanuts in Bolivia. Peanuts have an ancestral origin in our country, they have been present in the diet pf indigenous cultures, usually grown on small farms.
Agrinuts produces and collects peanuts from a region called “Chaco” in the departments of Santa Cruz and Chuquisaca. The milling process takes place in Warnes, Santa Cruz and the final product is then exported to different markets.
Until March 2016 100% of the harvest was exported to the partner and main customer Holland Inter Snack Procurement, who distributed it with additional added value to other countries in Europe.
Between 2016 and 2017 the company was able to diversify its markets, consolidating new Latin-American clients who currently represent two thirds of the market.

The intervention

The company was incorporated in 2010, when it began to collect, process and export high quality peanuts.
In March 2018 IES Foundation joined the company with investment resources, committed to supporting its strategic management and consolidating its corporate governance.

The intervention Model

Currently, IES Foundation participates in the Board from where it supports the strategic guidelines of the company.

Results
  • Given that IES Foundation has only recently invested in the company, we expect the results to materialize in the near future.

Agricafe – Coffee Producer and Marketer A.S.

Coffee Producer and Marketer

Agricafé S.A.

Sector

Agribusiness

Department

La Paz and Santa Cruz

First year of investment

2014
Background

The Coffee Producer and Marketer Agricafe A.S. is dedicated to the collection and its own production of special and regular coffee. The coffee bean is purchased from the coffee growing areas in Yungas (La Paz), Buena Vista (Santa Cruz) and, since 2017, from the “Farm Program” in Samaipata (Santa Cruz).
Once collected, the raw material is processed in the beneficiation plant of Agricabv in Caranavi and Buena Vista. This production is then exported to different markets around the world. 98% of the production is exported to United States, Europe and Japan and the remaining 2% is marketed through the Buena Vista coffee brand in the local market.

The intervention

On June 2014 IES Foundation joined the company with investment resources and the commitment to support strategic management as well as its corporate government.

The intervention Model

Currently, IES Foundation participates in Agricabv´s Board of Directors, from where it supports the vision and strategic guidelines of the company.

Results

Among the most important results of these 4 years of joint work we can highlight:

  • The choice export coffee produced in Caranavi is very well positioned, reaching the most demanding customers in the world´s coffee market.
  • New areas of choicel coffee production have been developed, increasing the production frontier in a more inclusive way.

Agricabv – Agricultural Coffee Association Buena Vista A.S

Agricultural Coffee Association

Buena Vista Agricabv S.A.

Sector

Agribusiness

Department

La Paz and Santa Cruz

First year of investment

2004
Background

The Agricultural Coffee Association Buena Vista A.S. (Agricabv) has been operating since 1985 specializing in the storage and collection of coffee beans. In 1998, new institutional shareholders join the company. In recent years, Agricabv has become a holding company specialized in the coffee and peanut businesses and giving rise to Agricafe (coffee) and Agrinuts (peanuts). Agricabv is also the Buena Vista coffee brand owner and, therefore, responsible for its production and marketing.

The intervention

IES Foundation invested in Agricabv in June 2004

The intervention Model

Currently, IES Foundation participates as a minority shareholder and, supports the vision, policies and strategic guidelines of the company.

Results

Among the most outstanding results of these 14 years of joint work, we can highlight the fact that the Buena Vista coffee brand has consolidated its market share in the most important cities in Bolivia and it is acknowledge as one of the leading coffee brands in the country.