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.
Bank Documents
Primary Source

Original disclosure @ DFC website

Updated in EWS Jun 19, 2020

Contribute Information
Can you contribute information about this project?
Contact the EWS Team

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.