Mountain Food Products, Inc (DFC-2017-MOUNTAINFOODP)

Countries
  • Tajikistan
Geographic location where the impacts of the investment may be experienced.
Specific Location
Khorog
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
  • 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
Active
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
U
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."
Borrower
Mountain Food Products, LLC
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)
Guarantee
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 4.50 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)
$ 4.15 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 @ DFC website

Updated in EWS Jun 23, 2020

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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.

 

According to project information, DFC providing money- 850 000 USD  to Mountain Food Products, LLC via Mountain Enterprises International, Inc. Processing local agricultural crops to sell snack products that are currently imported or unavailable in Tajikistan.The Project is expected to have a highly developmental impact through the investment in a local potato chip and snack manufacturer in Tajikistan. The Project will support the local agricultural supply chain by distributing seeds and sourcing potatoes from roughly 600 farmers in Tajikistan.The Project will help Tajikistan achieve UN Sustainable Development Goals #8 (Decent Work and Economic Growth) and #12 (Responsible Consumption and Production).

PROJECT OBJECTIVES:

Mountain Food Products, LLC aims to have a positive social impact in the following ways:

  • Poverty Alleviation - Employing Local Workers and Supporting Local GBAO Farmers
  • Health - Producing and Making Available Clean Water
  • High-Tech Knowledge Transfer and Training
  • Value Generation in the Agro-Industrial Economy 
  • Trade Balance - Import Replacement and High Quality Export 
Investment Description
Here you can find a list of individual development financial institutions that finance the project.
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.

 

MFP is a Tajikistan based company whose headquarters and primary factory are based in Khorog amongst the Pamir mountains and adjacent to the Panj River. Substantial capital and investment have been utilized to produce a state-of-the art facility with world class technology and aiming to utilize best practices.

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - Mountain Food Products, LLC Client -

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.

 

The Office of Accountability offers two types of services:

  • Work with parties to help resolve a conflict, available to both project-affected parties and DFC clients
  • Conduct an investigation about how DFC applied its relevant policies to a project and is available to project-affected parties, as well as DFC’s Board and President

https://www.dfc.gov/who-we-are/office-accountability

 

Mountain Food Products, LLC

56 Safarmamad Street
Khorog, Tajikistan
 
+992 93 511 0550
 
info@mountainfoods.co

https://www.mountainfoods.co/

How it works

How it works