Category B projects have potential environmental and/or social impacts and risks that are less adverse than those of a Category A and which are generally limited to the project site, largely reversible and can be mitigated via measures that are readily available and feasible to implement in the context of the operation.
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
Veiga Perez, Matias Angel
USD $ 40,000,000
USD $ 40,000,000
Project scope and objective
The proposed financing consists of:
(i) A senior loan for up to US$10 million and a maximum term of 8 years, with semiannual repayments of principal and interest, including 18 months of grace, for the construction of a seed plant, and the construction and expansion of silos, which will allow Agrofértil SA ensure the supply and quality of these inputs, and extend its geographical scope to be closer to the producer.
(ii) An annual revolving credit line committed to Agrofertil S.A. for up to US$30 million with a term of up to four years. The company will use these funds to purchase agro-inputs that it will later sell and finance to producers in terms of up to 390 days, seeking to substitute lines of credit from suppliers that today grant shorter terms.
Agrofertil is the leading company in the distribution of agricultural inputs in Paraguay, also providing technical assistance services to producers, and in the purchase, collection and sale of grains.
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IDB Invest Contact
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