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As stated by the IFC, the proposed investment consists of an up to US$25 million senior secured financing equivalent in Turkish Lira (TL) to a special purpose vehicle (the “Trust”) serviced by Tarfin Tarim S.A.. The Trust will acquire short-term working capital receivables originated by Tarfin to small holder farmers in Türkiye. Those assets are expected to be the only source of repayment for the IFC financing.
As stated by the IFC, Tarfin is a technology company that provides digital financial solutions to smallholder farmers seeking to finance their purchase of agricultural inputs, such as fertilizers, seeds, and feed. Tarfin has a unique business model that effectively reaches an underserved segment in the agricultural ecosystem. This related-productive item for financing have led to a solid portfolio quality through the years, covering the seasonal needs of farmers with a working capital solution that matches its harvesting time and capacity to generate proceeds at the right time, with transparent and friendly-user platform for farmers and retailers that leverages on a rich databases of agricultural products, the first of its kind of the market. Founded in 2017 by Mehmet Memecan, Tarfin expanded its operations to Romania in 2022. Since its inception, Tarfin has reached more than 1,900 sales points across 122 provinces and served over 63,000 farmers regionally.
General IFC Inquiries - IFC Communications:
Address: 2121 Pennsylvania Avenue, NW, Washington DC 20433
Telephone: +1 202-473-3800
Fax: +1 202-974-4384
Financial Intermediary - Tarfin Tarim S.A.:
Kerimcan Aycibin - CFO
Phone: +905374304060
Email: kerimcan.aycibin@tarfin.com
Address: Ömer Avni Mah. Inebolu Sk. Ekemen Han No:1 Kat:1, D:1 34427 Beyoglu/Istanbul
Website: https://tarfin.com/en
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You can submit a request for information disclosure at: https://disclosures.ifc.org/#/inquiries
If you believe that your request for information from IFC has been unreasonably denied, or that this Policy has been interpreted incorrectly, you can submit a complaint at the link above to IFC's Access to Information Policy Advisor, who reports directly to IFC's Executive Vice President.
ACCOUNTABILITY MECHANISM OF IFC/MIGA
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