UPALA AGRICOLA S.A.
Who is our client
Upala Agricola S.A. is an integrated company that grows fresh pineapple following certified quality standards. Founded in 1996, the company was acquired in 2008 by a group of entrepreneurs interested in the sustainable development of pineapple growing and in the environmental protection and support of neighbouring communities.
FMO's funds will be used by Upala to further expand their pineapple production area. This includes related investments in land preparation, seeds and equipment.
Why we fund this project
Pineapples are Costa Rica's main agricultural export product. The pineapple industry is therefore an important source of employment and tax income for the country. Investment in expansion of sustainable pineapple production requires long-term financing, which is not readily available locally. By providing this long-term finance FMO supports the further development of a sustainable pineapple industry in Costa Rica.
- Latin America & The Caribbean
- Costa Rica
- Agribusiness, Food & Water
- Signing date
- Total FMO financing
- USD 13.00 MLN
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)