Mountain Food Products, Inc (DFC-2017-MOUNTAINFOODP)

Countries
  • Tajikistan
Where the impacts of the investment may be experienced.
Specific Location
Khorog
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • US International Development Finance Corporation (DFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
U
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.
Borrower
Mountain Food Products, LLC
The holder of the loan, grant, or other investment.
Sectors
  • Agriculture and Forestry
  • Industry and Trade
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Guarantee
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 4.50 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 4.15 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ DFC website

Updated in EWS Jun 23, 2020


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Project Description

 

According to project information, DFC providing money- 850 000 USD  to Mountain Food Products, LLC via Mountain Enterprises International, Inc. Processing local agricultural crops to sell snack products that are currently imported or unavailable in Tajikistan.The Project is expected to have a highly developmental impact through the investment in a local potato chip and snack manufacturer in Tajikistan. The Project will support the local agricultural supply chain by distributing seeds and sourcing potatoes from roughly 600 farmers in Tajikistan.The Project will help Tajikistan achieve UN Sustainable Development Goals #8 (Decent Work and Economic Growth) and #12 (Responsible Consumption and Production).

PROJECT OBJECTIVES:

Mountain Food Products, LLC aims to have a positive social impact in the following ways:

  • Poverty Alleviation - Employing Local Workers and Supporting Local GBAO Farmers
  • Health - Producing and Making Available Clean Water
  • High-Tech Knowledge Transfer and Training
  • Value Generation in the Agro-Industrial Economy 
  • Trade Balance - Import Replacement and High Quality Export 
Investment Description
  • US International Development Finance Corporation (DFC)
Private Actors

 

MFP is a Tajikistan based company whose headquarters and primary factory are based in Khorog amongst the Pamir mountains and adjacent to the Panj River. Substantial capital and investment have been utilized to produce a state-of-the art facility with world class technology and aiming to utilize best practices.

Contact Information

 

The Office of Accountability offers two types of services:

  • Work with parties to help resolve a conflict, available to both project-affected parties and DFC clients
  • Conduct an investigation about how DFC applied its relevant policies to a project and is available to project-affected parties, as well as DFC’s Board and President

https://www.dfc.gov/who-we-are/office-accountability

 

Mountain Food Products, LLC

56 Safarmamad Street
Khorog, Tajikistan
 
+992 93 511 0550
 
info@mountainfoods.co

https://www.mountainfoods.co/