Company name
Agrofertil S.A.
Project number
12297-03
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.
E&S category
B
Country
Paraguay
Sector
Agribusiness
Status
In implementation
Disclosed date
08/20/2021
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
09/23/2021
Approval date
09/23/2021
Signed date
11/25/2021
Sponsoring entity
N/A
Investment Operations Department Contact
N/A
Investment type
Syndicated amount
N/A
Financing amount
USD $ 40,000,000
Currency
USD
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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Contact information
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Client Contact
N/A
PHONE NUMBER
N/A
POST OFFICE ADDRESS
N/A
IDB Invest Contact
requestinformation@idbinvest.org
PHONE
+1(202)-566-4566
ADDRESS
1350 New York Ave NW, Washington, DC 20005
COUNTRY OFFICES
IDB Invest Country OfficesIndividuals or communities can submit complaints and concerns related to environmental, social, or corporate governance issues to the Management Grievance Mechanism by e-mailing mgm@iadb.org or by calling +1 202 312 4040.
As a last resort, affected communities have access to the IDB Invest Independent Consultation and Investigation Mechanism by writing to mecanismo@iadb.org or MICI@iadb.org or calling +1(292) 623-3952.
For inquiries, comments and information requests about the project
Request informationLearn more about how we provide private-sector solutions in the region .
Environmental and social review
IDB Invest conducts an environmental and social due diligence (ESDD) commensurate with the nature, scale, and stage of the project, and with its level of environmental and social risks and impacts. The ESDD will confirm the project E&S categorization and assess the project with respect to the client requirements in IDB Invest Environmental and Social Sustainability Policy. The results of the ESDD, including any identified gaps are described in the Environmental and Social Review Summary (ESRS) provided below. For projects approved as of 2016, any gaps with respect to IDB Invest's Environmental and Social Sustainability Policy at the time of the ESDD are addressed in the Environmental and Social Action Plan (ESAP) presented below, to comply with the date mentioned above.
AGROFERTIL - ENVIRONMENTAL AND SOCIAL REVIEW SUMMARY (ESRS) AUGUST, 2021
276.5 Kb
AGROFERTIL - ENVIRONMENTAL AND SOCIAL ACTION PLAN (ESAP) AUGUST, 2021
174.1 Kb