GIFF-INCL-Victoria Foods Pvt Ltd. (DFC-2019-GIFFINCLVICTO)

Countries
  • India
Where the impacts of the investment may be experienced.
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
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.
Borrower
Victoria Foods Pvt Ltd.
The holder of the loan, grant, or other investment.
Sectors
  • Agriculture and Forestry
  • Finance
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)
$ 5.64 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)
$ 7.25 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 19, 2020


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Project Description

According to the bank's documents, the project will "...support for a growing processed-food manufacturer in India. The Project is expected to have strong development reach impacts by sourcing agricultural inputs from over 10,000 low-income smallholder farmers in underdeveloped districts of India."

Investment Description
  • US International Development Finance Corporation (DFC)
Private Actors
  • Victoria Foods Pvt Ltd. -- Implementing Company

The project's sponsor is Citibank, N.A.

Contact Information

No contact information provided at time of disclosure.