• 95 percent of those benefited are micro, small and medium producers

IDB Invest, the private sector institution of the Inter-American Development Bank (IDB) Group, grants a committed revolving line of credit for $30 million to Agrofértil, in Paraguay.

The objective of the operation is to strengthen the company's value chain, supporting the improvement of productivity and competitiveness of the agricultural producers with whom the company works.

IDB Invest’s financing allows Agrofértil to increase the maximum credit term limit of suppliers from 180 days to 360 days. In this way, it adapts to the business cycle needed by the agricultural producers with whom it works, of which 95 percent are micro, small and medium producers.

With this increase, the growth of the company's value chain is strengthened, the sale of agricultural inputs to producers is increased, and local and foreign grain trade is encouraged. The financing of the producers is carried out from sowing to harvesting. The growth in the sale of inputs also allows increasing agricultural production and, in combination with technical assistance, encourages the increase in the productivity of producers.

About IDB Invest

IDB Invest, the private sector institution of the Inter-American Development Bank (IDB) Group, is a multilateral development bank committed to supporting Latin America and the Caribbean businesses. It finances sustainable enterprises and projects to achieve financial results that maximize economic, social and environmental development for the region. With a current portfolio of US$11.2 billion under management and 330 clients in 23 countries, IDB Invest works across sectors to provide innovative financial solutions and advisory services that meet the evolving demands of its clients. As of November 2017, IDB Invest is the trade name of the Inter-American Investment Corporation.

About Agrofértil

Agrofértil is the leading company for the distribution of agricultural inputs in the Paraguayan market. It is also dedicated to the local purchase and export of grains and the provision of agronomic services to agricultural producers. Its business model is based on the financing it receives from local and international financial entities and commercial suppliers, which it then transfers to its customers by financing almost 100% of the sales of agricultural inputs from the planting of the crop until the end of harvest. This commercial activity is complemented with the production of grains on its own lands in Paraguay.