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 type not disclosed at the time of the snapshot
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).
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
email@example.com / firstname.lastname@example.org
For inquiries and comments to IIC, contact:
IIC’s Communications Group
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