Agrofertil Supply Finance (IIC-12297-01)

Countries
  • Paraguay
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.
Project Status
Approved
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
May 31, 2018
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
Agrofertil S.A. ("Agrofertil")
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)
$ 30.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Other Related Projects
Primary Source

Original disclosure @ IIC website

Updated in EWS Sep 18, 2018

Disclosed by Bank Apr 30, 2018


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Project Description

The proposed financing consists of a committed annual revolving line 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 agricultural inputs that will sell later to producers with financing terms of up to 360 days, seeking to replace suppliers' credit lines that today grant maximum terms of up to 180 days.

The proposed credit line would be IDB Invest's fifth operation with Agrofertil. The first was in 2005 (US$2 million), the second in 2008 (US$2 million), the third in 2010 (another US$5 million) and the fourth and current operation was in 2015 (US$6 million with a balance of US$3.6 million).

Investment Description
  • IDB Invest

Investment type not disclosed at the time of the snapshot

Private Actors

According to the bank, Agrofertil is Paraguay’s leading company in the distribution of agricultural inputs and also provides producers with services for technical assistance and in the purchase, storage, and sale of grains (soy, corn, wheat, sunflower and others).

Contact Information

For inquiries about the Project, contact:       
Mr. Adilson Benedito Antonio Jr / Mr. Carlos Duarte Coronel
Administrative Director / Administrative Manager
+595 61 572 871 / + 595 61 572 033
adilson@agrofertil.com.py / carlos@agrofertil.com.py

For inquiries and comments to IIC, contact:
IIC’s Communications Group
E-mail: divulgacionpublica@iadb.org

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).