IDB Invest Supports Sustainable Growth in Mexico’s Agribusiness Sector with Negocio Agrícola San Enrique

- The financing package is designed to help NASE increase productivity and export growth, while adopting sustainable practices in Mexico.
IDB Invest provided $30 million in financing to Negocio Agrícola San Enrique S.A (NASE), one of the largest agricultural and aquaculture producers in Sonora, Mexico. The funds will help NASE to expand its operations, enhance productivity, and implement climate-smart agriculture and aquaculture practices.
The project will help NASE to leverage precision agriculture and climate-resilient practices, optimizing the use of critical resources such as water. These efforts align with global climate goals and will strengthen the company’s supply chain, which includes over 1,000 local suppliers.
The package includes an 8-year senior secured loan of $10 million and a revolving loan of up to $20 million to support NASE’s capital expenditure and working capital needs. IDB Invest will also provide advisory services to develop a climate resilience and resource efficiency plan, enhancing NASE’s use of precision agriculture technologies and regenerative practices to optimize irrigation and fertilization.
The project aims to deliver significant socio-economic benefits, including job creation in rural areas, increased export capacity, and strengthening food security by improving the stability and availability of food in the region. This initiative reaffirms IDB Invest’s commitment to promoting sustainable private sector agricultural development in Latin America and the Caribbean.
This initiative is expected to contribute to the following United Nations Sustainable Development Goals (SDGs): (SDG 8) Decent Work and Economic Growth, Responsible Production and Consumption (SDG 12), Partnerships for the Goals (SDG 17).
About IDB Invest
IDB Invest 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 $21 billion in assets under management and over 400 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. Visit our website idbinvest.org/en.
About Negocio Agrícola San Enrique S.A (NASE)
Negocio Agrícola San Enrique S.A de C.V (NASE) is a leading agricultural company in Northwest Mexico with over 30 years of experience. The company produces and distributes tomatoes, farmed shrimp, table grapes, pecans, peppers, and other products, mainly for exports.