Iroda Invest (IFC-51844)

Regions
  • Europe and Central Asia
Geographic location where the impacts of the investment may be experienced.
Countries
  • Tajikistan
Geographic location where the impacts of the investment may be experienced.
Specific Location
Bobojon Gafurov district of the Sughd region
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
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
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
B
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Jul 31, 2026
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
Iroda Invest LLC (Farovon Group)
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Agriculture and Forestry
  • Industry and Trade
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, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 15.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Loan Amount (USD)
$ 15.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 37.40 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ IFC website

Updated in EWS Aug 27, 2026

Disclosed by Bank Jul 2, 2026

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

As stated by the IFC, the proposed financing consists of a senior secured Tajik Somoni (TJS)-denominated financing package of up to US$15 million equivalent (the IFC Financing) to Iroda Invest LLC. Established in 2024, Iroda is a flour milling and oil bottling company in Tajikistanand is part of the Farovon Group - Tajikistan's largest integrated food producer. The IFC Financing will support Iroda's investment program which includes flour mills, oil bottling facilities, storage and associated working capital. The project is expected to be supported by the IDA21 Private Sector Window Local Currency Facility (PSW LCF) as described in the Blended Finance Section.

The use of proceeds will target two flour mills with associated grain storage and a vegetable oil (rapeseed/sunflower) bottling plant. These three facilities will add 800 tons/day of flour milling and 200 tons/day of oil bottling capacity, boosting the Farovon’s total flour capacity by over 50% (from ~1,500 to ~2,300 tons/day). The location of the three facilities is within an existing industrial site already occupied by other food processing operations owned by Farovon. Iroda has secured licenses for the construction of the two flour mills and the vegetable oil bottling plant. Their commissioning is scheduled for 2026.

Project facilities comprise two flour mills with associated grain storage, as well as a vegetable oil bottling plant. The Project flour mills cover all stages of preparation: grain intake, cleaning, conditioning, milling, blending, packaging, and storage. They include an area for raw wheat storage, flour silos, packaging and robot palletizing areas, and a quality control laboratory. All facilities will operate continuously using three worker shifts. Project facilities are inside an operational Farovon industrial site densely occupied by other existing oil production, flour milling infrastructure, and borders industrial sites and a residential area.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

According to the IFC, the investment program for Iroda Invest is estimated at US$37.4 million to be financed by (i) IFC Financing, (ii) Sponsor's equity and (iii) internal cash generation. 

Private Actors Description
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

As stated by the IFC, Iroda Invest LLC is majority owned by the Bobojonov, Samandarov, and Mirzomansurov families, founders of the Farovon Group. Minority stakes are held by two long-serving senior managers.

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - Farovon Group LLC Client Agriculture and Forestry

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

Client - Iroda Invest LLC:

Bakhromkhon Bobojonov - CFO
Phone: +992-777-17-3131
Email: bbabadjanov86@farovon.tj
Address: Lohuti str. 74C, Bobojon Gafurov district, Sughd region, the Republic of Tajikistan
Website: https://farovon.tj/

General IFC Inquiries - IFC Communications:

Address: 2121 Pennsylvania Avenue, NW, Washington DC 20433
Telephone: +1 202-473-3800
Fax: +1 202-974-4384

ACCESS TO INFORMATION

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

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How it works