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
Olazo Baracco, Ericka
USD $ 400,000
USD $ 16,000,000
Project scope and objective
The proposed financing consists of a senior loan for up to US$16 million and a maximum term of 8 years, including 18 months of grace period, secured by mortgage and pledge on fixed assets. The transaction will also feature performance-based incentives and advisory services from We-Fi to support Agripac grow its client base for women-led or women-owned SMEs ("Women SME").
The funds will be used to incorporate a new animal feed production line, to be used in two of the divisions with the highest growth projection for Agripac, which are pet food and shrimp, in addition to the 2021 investment plan, which includes the updating of machinery, robotization of industrial processes, improvements in fire prevention, new warehouses, among others. Through this transaction, IDB Invest seeks to strengthen the value chain and industrialization of agricultural production in Ecuador.
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(593) 4 - 3703870
IDB Invest Contact
1350 New York Ave NW, Washington, DC 20005