LIMA — IDB Invest will support Agrícola Cerro Prieto (ACP), one of Peru’s leading agribusiness companies, with $33.4 million in financing to strengthen sustainable agricultural production in the country. The operation is part of a secured senior loan of up to $167 million alongside BBVA Peru and Interbank, each contributing $66.7 million.

The financing will support agricultural investments for crop expansion and renewal, machinery and equipment for packing and post-harvest operations, as well as the refinancing of a previous loan. This refinancing will strengthen the company’s financial structure and support its long-term growth strategy. The loan is expected to help increase production, improve productivity, and support economic development in local communities.

“Through this financing, IDB Invest is supporting Agrícola Cerro Prieto’s expansion through new plantings, crop renewal, and improvements to its packing facilities, strengthening the competitiveness of Peru’s agribusiness sector in global markets. The operation enhances the resilience of a key industry for the country and helps sustain rural employment in the regions where the company operates,” said Carlos Narváez, Head of Corporates for the Andean Countries at IDB Invest.

The investments include crop renewal using improved genetics, which will strengthen the company’s ability to adapt to climate-related events affecting the sector. In addition, the project is expected to support an increase in both permanent and seasonal employment by generating greater demand for goods and services from local suppliers.

“Agribusiness is one of the main drivers of economic growth and job creation in Peru. Through this operation, we are supporting investments that strengthen productivity, expand economic opportunities in the regions, and help ensure that the sector continues to generate value for rural communities and for the country,” said Matilde Bordón, IDB Group Representative in Peru.

This investment aligns with IDB Invest’s strategy in Peru to promote productive development and strengthen the competitiveness of agribusiness, one of the country’s key sources of growth and employment. By partnering with BBVA Peru and Interbank, IDB Invest helps advance financial solutions that address the sector’s long-term investment needs while strengthening the role of local banks in financing productive activities. Through these partnerships, IDB Invest seeks to support companies that drive innovation, productivity, and sustainable growth across regional economies.

About IDB Invest

IDB Invest, a member of the IDB Group, is a multilateral development bank committed to promoting economic development in Latin America and the Caribbean through the private sector. IDB Invest finances sustainable companies and projects to achieve financial results while maximizing economic, social, and environmental development in the region. It manages approximately $22 billion in assets and serves more than 400 clients in 25 countries.

About Agrícola Cerro Prieto S.A.

Agrícola Cerro Prieto S.A. is a Peruvian agribusiness export company with 25 years of experience in the production, packing, and export of high-value fresh produce, primarily blueberries, avocados, and asparagus, to markets across the United States, Europe, and Asia. The company operates in northern Peru, in areas where agricultural development has transformed high-potential land into productive farmland, supported by a packing facility designed to meet international agro-export standards. Based on the results of the latest harvest season (2025), the company has established itself as Peru's leading exporter of organic blueberries, ranks third in avocado exports, and sixth in asparagus exports. Cerro Prieto complements its operations through specialized subsidiaries: Qali Fruits S.A.C., focused on premium-quality blueberries grown in containers using sustainable practices in the Santa Rosa area of Lima; and Irrigadora Cerro Prieto S.A.C., which provides the critical irrigation infrastructure and water supply necessary to ensure production continuity. Its shareholders include Corporación Financiera de Inversiones S.A. (CFI), a Peruvian holding company with investments in sectors including agriculture, energy, and real estate, and the Municipal Employees Retirement System (MERS) of Michigan, a U.S.-based institutional pension fund. In sustainability, Cerro Prieto emphasizes efficient water management through drip irrigation, container-grown cultivation, and water reuse practices. The company also maintains voluntary certifications aligned with international standards and is committed to supporting local communities through initiatives focused on education, health, and environmental stewardship

About BBVA

BBVA is a global financial group founded in 1857 with a customer-centric vision. It holds a leading position in the Spanish market, is Mexico’s largest financial institution, and maintains leading franchises throughout South America. BBVA is also the largest shareholder of Garanti BBVA in Türkiye and has a significant investment banking, transactional banking, and capital markets business in the United States. Its purpose is to bring the opportunities of this new era to everyone. This purpose is centered on meeting customers’ real needs by providing the best solutions and helping them make informed financial decisions through a simple and convenient experience. The bank is built on strong values: the customer comes first, we think big, and we are one team. Through its responsible banking model, BBVA seeks to contribute to a more inclusive and sustainable society.

About Interbank

Interbank is one of Peru’s leading banks and is part of Intercorp Financial Services (IFS), a financial group that also includes Interseguro, Inteligo, and Izipay. With more than 130 years of history and 5.6 million customers, Interbank provides financial solutions for individuals and businesses and has a recognized track record in corporate, commercial, and business banking.
Innovation, digital transformation, and sustainability are core pillars of its strategy to support customer growth and contribute to Peru’s development. This approach is aligned with its purpose of helping Peruvians achieve their dreams today.