GWFP Mercon 2019 (IFC-42454)

Countries
  • Brazil
  • Guatemala
  • Honduras
  • Nicaragua
  • Vietnam
Where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
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
MERCON B.V.
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 Amount (USD)
$ 200.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Mar 6, 2020

Disclosed by Bank Mar 29, 2019


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Project Description

This investment consists of a participation of US$40 million by IFC in a revolving credit facility (the “Facility”) in favor of Mercon Coffee Group (“Mercon”). The facility aims at supporting Mercon’ activities across the coffee value chain from production and storage in countries of origin (Guatemala, Honduras, Nicaragua, Brazil, Vietnam) to transportation and commercialization in multiple destinations. 

Investment Description
  • International Finance Corporation (IFC)
Contact Information

Mercon B.V.
Mr. Leonardo Morales
Chief Financial Officer
+1 (786) 254 2300
lmorales@merconcorp.com
Amsterdam, The Netherlands
https://www.merconcoffeegroup.com

 

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