NS AGRO S.A. (IIC-12046-01)

Regions
  • Latin America and Caribbean
Where the impacts of the investment may be experienced.
Countries
  • Chile
Where the impacts of the investment may be experienced.
Financial Institutions
  • IDB Invest
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Bank Risk Rating
B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Nov 14, 2017
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
NS AGRO S.A.
The holder of the loan, grant, or other investment.
Sectors
  • Agriculture and Forestry
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 10.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ IIC website

Updated in EWS Sep 20, 2018

Disclosed by Bank Oct 13, 2017


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Project Description

The project aims to finance the permanent working capital of this company, also allowing it to improve its financial profile and diversify its sources of financing. NS AGRO S.A., is one of Chile’s leading crop input distributor and agronomy services company providing agricultural inputs (agrochemicals, fertilizers), agricultural machinery (ECSA) and technology dissemination to farmers. NS AGRO operates 24 Distribution Centers (2 in Peru, 22 in Chile from the IV to the XI region), all located near major cropping regions to guarantee a rapid delivery of inputs and efficient customer service to its clients. The Company’s strategy is to develop strong on-the-ground relationships with farmers providing integral services.

Investment Description
  • IDB Invest
Contact Information

Mr. Ivan Cheuquepil Oliva
Sub-Gerente de Administración de Sucursales NS AGRO
Rosario Norte 532, piso 10, Las Condes, Santiago
Email: icheuquepil@nsagro.cl
Tel: +56 2227261145
Mobile: +56 993427327

Mr. Rodrigo Hurtado Menendez
Gerente de Finanzas NS AGRO
Rosario Norte 532, piso 10, Las Condes, Santiago
Email: rhurtado@nsagro.cl
Tel. +5622 7261102

ACCOUNTABILITY MECHANISM OF IIC

The Independent Consultation and Investigation Mechanism (MICI) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an Inter-American Development Bank (IDB) or Inter-American Investment Corporation (IIC)-funded project. If you submit a complaint to MICI, they may assist you in addressing the problems you raised through a dispute-resolution process with those implementing the project and/or through an investigation to assess whether the IDB or IIC is following its own policies for preventing or mitigating harm to people or the environment. You can submit a complaint by sending an email to MICI@iadb.org. You can learn more about the MICI and how to file a complaint at http://www.iadb.org/en/mici/mici,1752.html (in English) or http://www.iadb.org/es/mici/mici,1752.html (Spanish).