The Project consists of providing Agrotec an up to $20 million one year loan facility (the “Facility”) with up to four renewable tranches, and a long term facility of up to US$5 million to support the working capital needs of the Company.
According to the bank, Agrotec S.A. (“Agrotec” or “the Company”) is one of Paraguay’s leading crop input distributor and agronomy services company operating since 1990. Agrotec offers a “one-stop shop” to more than 800 client farmers, providing seeds, fertilizers, agrochemicals, technical support, storage and logistic services, pre-harvest financing, as well as commercialization of the grains of its farmer client base. The Company’s strategy is to develop strong relationships with farmers providing integral agronomic services from sowing planning and advice, through the provision of seeds, nutrition integration and crop protection. Agrotec operates 13 Regional Distribution Centers (“RDCs”), including its headquarters in Ciudad del Este. They arelocated near the major crop regions of Paraguay to guarantee a rapid delivery of inputs and efficient customer service to its clients.
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For inquiries about the project, contact:
061 571 900
Km. 4 - Supercarretera a Hernandarias Ciudad del Este, Alto Paraná – Paraguay
For inquiries about the IFC, contact:
General IFC Inquiries
2121 Pennsylvania Avenue, NW
Washington DC 20433
ACCOUNTABILITY MECHANISM OF IFC
The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/