Sustainable trade (Social)
Serendipol Pvt Limited, (Serendipol) was founded in 2007 by Dr. Bronner’s Magic Soaps, the best-selling brand of natural soaps in the United States, together with Sri Lankan partners. It produces certified organic and fair trade virgin coconut oil for Dr. Bronner’s soaps and supplies higher value food grade coconut oil for a growing market in North America and Europa. Serendipol took over an existing coconut processing factory in Sri Lanka, improved buildings, installed new processing technology, and helped convert coconut farmers to organic practices. The trade finance provided by Triodos Sustainable Trade Fund enables Serendipol to pay the farmers upon delivery of their produce.
Smallholder farmers in developing countries do not necessarily reap the rewards of a complex international trade system. So, by financing fair trade enterprises we aim to make sure that individuals and their families are paid fairly for their products.