Soros Economic Development Fund - INI Farms Private Limited (India) (DFC-SOROSINIFARMS)

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
Approved
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
INI Farms Private Limited
The holder of the loan, grant, or other investment.
Sectors
  • Agriculture and Forestry
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)
$ 5.00 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)
$ 11.67 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 Sep 5, 2019

Disclosed by Bank Sep 5, 2018


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Project Description

According to the Agency's document, this project finances the expansion of INI Farms' fruit distribution business by (a) purchasing new collection, preservation and distribution infrastructure, (b) purchasing new machinery, (c) and providing working capital for the general course of business and to introduce new product lines.

Investment Description
  • US International Development Finance Corporation (DFC)
Private Actors