USAID was delighted to visit Natilait's dairy processing facility in Bizerte this week. Natilait collects milk from more than 5,000 farmers in Northern Tunisia. Most of these farmers have just a few cows and send their milk to Natilait through its network of 250 collection centers.
Natilait is ready to expand its operations, but it needs support to access growth capital. This type of financing is hard to come by in Tunisia. USAID INVEST and CrossBoundary are helping Natilait strengthen its business strategy, develop investor materials, and connect with investors, all with the goal of raising $20 million in private capital. According to Natilait founder and President, Dr. Hichem Chraief, this new financing would allow the company to increase its production from 350,000 liters to 500,000 liters per day, hire about 50 more staff, and work with about 1,000 more farmers. We wish Natilait and its team good luck in its next phase of growth.
| Date Taken: | 09.03.2023 |
| Date Posted: | 09.28.2023 11:43 |
| Photo ID: | 8046589 |
| VIRIN: | 230903-O-D0499-8433 |
| Resolution: | 6000x4000 |
| Size: | 7.88 MB |
| Location: | BIZERTE, TN |
| Web Views: | 154 |
| Downloads: | 2 |
United States Agency for International Development (USAID)
Republic of Tunisia (Tunisia)
