Latin American Agribusiness Development Corporation S.A., “LAAD”

The IIC seeks to provide to LAAD Americas N.V. (the “Company” or “Borrower”) a senior unsecured of up to US$45 million A Loan. The structure of the transaction is aligned with LAAD business model of providing medium-long-term financing to small and medium, privately-owned agribusiness companies (sub-projects) that are export oriented. During 2016 LAAD's greatest portfolio growth in absolute terms occurred principally in Brazil, Ecuador, Nicaragua, and Peru. LAAD subprojects in general generate socioeconomic benefits through full time and part time employment in the poor rural areas of the countries where it operates, where the poorest of the poor have no other means of income.

Knowledge dissemination is a key element of agricultural sector development promoted by LAAD. Best practice lessons learned from clients and from innovation are scaled up throughout the LAC region to other producers.

LAAD has raised donor funds for technology dissemination and compliance with voluntary certifications, which in turn will improve market access. One example are the funds raised by LAAD to assist subprojects to achieve third-party certifications, such as RSPO for palm oil clients (a tree crop considered as a driver of deforestation, and standard-compliant production in the palm oil sector has the highest annual growth rate in market penetration worldwide).