IDB Invest Helps Bolivia’s Agribusiness SMEs Through Mainter Deal
IDB Invest, a member of the IDB Group, has provided $3 million worth of financing for Main International Trading Company S.R.L (Mainter S.R.L.), a company that imports and distributes agricultural supplies in the main productive areas of Santa Cruz, Bolivia.
By supporting Mainter’s growth through the financing of its imports of agrochemical inputs, the deal will improve the financing conditions for the purchase of agro-inputs for SME producers in general and women-led SME in particular. It will also contribute to the strengthening of the agricultural value chain, and will promote the dissemination of sustainable agricultural practices, as well as the adoption and transfer of new technology.
The 5-year deal will extend financing to Mainter for the importation of goods, which will be commercialized and financed for its clients. The resources from these financing will be applied for the payment of invoices and purchase orders originated from suppliers.
IDB Invest will provide technical advice to Mainter to improve its credit policies aimed at SME producers, to understand and optimally manage environmental, social and governance risks. There will be special emphasis on the origination and structuring of credit for agricultural inputs and including good practices to promote the inclusion of women in the credit-granting process. The technical advice has a second component aimed at strengthening the training processes for SME clients and producers, with a gender lens, on issues of good sustainable production practices, agricultural business management and use of technology.
This operation is expected to contribute to four of the Sustainable Development Goals (SDGs): Zero Hunger (SDG 2), Gender Equality (SDG 5), Decent Work and Economic Growth (SDG 8) and Responsible Consumption and Production (SDG 12).
About IDB Invest
IDB Invest, a member of the IDB Group, is a multilateral development bank committed to promoting the economic development of its member countries in Latin America and the Caribbean through the private sector. IDB Invest finances sustainable companies and projects to achieve financial results and maximize economic, social, and environmental development in the region. With a portfolio of $13.1 billion in asset management and 385 clients in 25 countries, IDB Invest provides innovative financial solutions and advisory services that meet the needs of its clients in a variety of industries.
Main International Trading Company S.R.L (Mainter), is a 37-year old company part of the prestigious LANDICORP business group founded by Hugo Landivar Cuellar. Mainter entered the agribusiness sector in Bolivia through the distribution of agrochemicals under the ADAMA brand. Since its inception, the Company has been developing relationships with its suppliers, who mostly distribute their agrochemical products in Bolivia with Mainter, and with its clients, whom it serves from its network of Technical Assistance Centers, strategically located in the main productive areas of Santa Cruz. Mainter is one of the leaders in the agro-inputs distribution market in Bolivia, its business model is based on the import and distribution of a diversified portfolio of agricultural inputs, as well as technical advice and after-sales service, which allow it to position itself as a strategic supplier to its clients, maintaining a tight cost structure and competitive prices in the local market.