Project detail - UPALA AGRICOLA S.A.


Status: Completed investment
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Why disclosure?

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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

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.

What is our funding objective?

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 do we fund this investment?

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
Effective date
End 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)