MICROCAPITAL BRIEF: Beneficial Returns Invests in Ananas Anam, Buyer of Agricultural Waste from Farmers in the Philippines for Faux-leather Textile Pinatex

Beneficial Returns, a US-based investor, recently lent UK-based textile manufacturer Ananas Anam an undisclosed amount of capital to install five decorticators for “extracting the cellulose fibers from leaves” that pineapple farmers would otherwise burn as waste. Once extracted, the farmers “with a little training… can process tons of these fibers [thus] generating substantial additional income” by selling them to Ananas Anam. The firm further processes the fiber