Pearl Dairy Development Program (IFC-602724)

Countries
  • Uganda
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
Jan 12, 2018
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
Pearl Diary Ltd
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.
Investment Amount (USD)
$ 0.85 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)
$ 0.85 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Bank Documents
Primary Source

Original disclosure @ IFC website

Updated in EWS Feb 14, 2019

Disclosed by Bank Apr 19, 2018


Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description

The Pearl Dairy Development Program aims to increase the productivity of smallholder dairy farmers in Uganda and transform them into competitive commercial dairy farmers. The Program has been designed and will be implemented together with Pearl Dairy, an IFC client in Uganda. The Program aims, in the next two years, to double supply of raw milk from participating dairy farmers and Pearl Dairy has committed to buy all the expected additional milk. The Program aims to achieve the following objectives:

1. Support Pearl Dairy establishment of a professional extension team able to advise and guide farmers on productivity and quality improvement in line with best industry practice;

2. Improve the productivity of 1,000 Pearl Dairy direct suppliers by at least 30% through adoption of best agricultural practices;

3. Scale up adoption of best agricultural practices through an outreach campaign targeting 5,000 farmers in Southern Uganda to improve their dairy practices.

Investment Description
  • International Finance Corporation (IFC)
Private Actors
  • Pearl Dairy Limited -- Implementing Company
Contact Information

No contact information provided at the time of disclosure. 

ACCOUNTABILITY MECHANISM OF IFC

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/