Investment & Fund Management
leading to the realization of viable business ideas in agriculture and water
Full Credential Description
Riego y Gestión, a company based in Spain, specializes in installing water supply systems for farmers and construction companies while advising on optimizing cultivation and watering methods. Co-founder Esther Sánchez highlighted the company's mission to help farmers reduce their water and electricity costs, thereby enhancing energy efficiency. The business originated from a conversation among friends concerned about job prospects after graduation, leading to the realization of viable business ideas in agriculture and water management.
Over the years, Riego y Gestión has established itself as a significant player in the agricultural sector, working with farmers across Spain. The company not only aims to create job opportunities for its founders but also indirectly supports job creation in the agricultural sector by enabling farmers to lower their utility bills, allowing them to reinvest in their operations. However, the company faced a critical challenge with cash flow, particularly due to the delayed payments from private construction companies, which could take up to 260 days after project contracts were signed. This delay put significant pressure on their treasury, especially since independent farmers and cooperatives paid promptly.
To address this cash flow issue, Riego y Gestión secured an EU-guaranteed credit line through Caja Rural, backed by the European Investment Fund (EIF). This financial support allowed the company to maintain its operations and continue providing essential services to its clients without interruption.