Olam II (IFC-601794)

Countries
  • India
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
Active
Bank Risk Rating
U
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.
Voting Date
Apr 26, 2017
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Olam
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)
Advisory Services
The categories of the bank investment: loan, grant, etc.
Loan Amount (USD)
$ 0.75 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Investment Amount (USD)
Not Disclosed
When disclosed, the bank did not provide this value. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Jan 4, 2018

Disclosed by Bank Dec 15, 2017


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Project Description
This is a follow-on advisory project with IFC client Olam which builds on the lessons, experience and results from the previous rounds of IFC advisory engagements with the client in supporting smallholders to improve livelihood by enhancing yields and incomes.There are two focus areas of the project under IFC-Olam Phase II which are described below: A. Farmer Support for Climate Smart Agriculture To develop a climate smart sustainable sugarcane value chain in catchment areas marred by erratic rainfall , drought or flood like conditions affecting overall yields , farmers’ income and business return i) Design of area specific climate smart package of agronomy practices ii) Facilitate introduction of new technologies and business models to increase climate resilience B. Support for Improvements in farmer loyalty To address the challenge of fluctuating sourcing due to lack of smallholder farmer loyalty , support to strengthen the farmer-corporate engagement, to increase goodwill amongst smallholder farmers in sugar catchment/sourcing areas
People Affected By This Project
The Project will have a 36 month implementation period (till June 2020) across both mills of Olam, Barwani (Madhya Pradesh) and Rajgoli (Maharashtra). The expected impact under each project component is mentioned below : A. Farmer support for Climate Smart Agriculture 1. At least one or more climate smart practices and / or technology will be adopted on at least 10,000 Ha of land 2. 20 Billion litres of water use avoided due to climate smart agricultural practices B.Improvements in farmer loyalty for stable and consistent sugarcane supply: 1. 20 per cent increase in smallholder farmers who have consistently supplied sugarcane to the client 2. 80 -100 per cent of all marketable sugarcane produced in the catchment be supplied to the client under reasonable circumstances
Investment Description
  • International Finance Corporation (IFC)
Private Actors
Contact Information
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