Project detail - HFT SEEDSERVICES SA


Status: Completed investment
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The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.

Who is our customer

HFT Seedservices SA (HFT) has been active in Guatemala since 2010. At a height of 1,750 meters in the province of Jalapa, HFT produces hybrid vegetable seeds for its customers: renowned national and international vegetable seed refinement companies. HFT is able to produce seeds for its clients year-round, which it does in line with the strictest phytosanitary standards. The basis of HFT’s strategy is after all, Health, Flexibility and Trust - also to be found in the company name 'HFT'.

What is our funding objective?

With the support of a EUR 4 million FOM credit facility, HFT will expand its business in Guatemala after its successful start in 2010. The expansion plan consists of the construction of extra greenhouses, all equipped with unique high-tech systems and developed by HFT itself.

Why do we fund this investment?

HFT is a successful company with good market prospects. The investment will have a high development impact because the expansion will create 190 new jobs, mostly for women. Furthermore, HFT actively assists its employees in their personal development and offers medical care and schooling as well. HFT plans to add child care to these services in the future. FMO's additionality comes from the provision of long-term financing, which is not available locally.

Website customer/investment
Latin America & The Caribbean
Agribusiness, Food & Water
Effective date
End date
Total FMO financing
EUR 4.00 MLN
Fund Emerging Markets
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk Environmental & Social Category
(A, B+, B or C)