Land O'Lakes Innovation Fund, LLC (DFC-LANDOLAKES)

Countries
  • Malawi
Where the impacts of the investment may be experienced.
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
Approved
Bank Risk Rating
C
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.
Borrower
Land O'Lakes Innovation Fund, LLC
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)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 4.00 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)
$ 8.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ DFC website

Updated in EWS Jun 29, 2020


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Project Description

The Malawi Strengthening Inclusive Markets for Agriculture (MSIKA) is a five-year, $17 million value chain development project designed to support the productivity, value addition and processing of various value chains under fruits and vegetables. These include mangoes, citrus, guava, potatoes, tomatoes, onions and chilies. MSIKA promotes increased value addition and income for several value chain actors by facilitating improved processing, increased crop
productivity, improved post-harvest handling and storage of the aforementioned value chains. In addition, the project helps expand markets, create more efficient domestic trade, and increase potential exports of processed products in the long term. The loans may be used for various categories including primary growing, processing and transportation and general working capital.

Investment Description
  • US International Development Finance Corporation (DFC)
Contact Information

Contact information not provided at the time of disclosure