MILLSTREAM SRL
Status: Completed investmentWhy disclosure?
FMO is committed to making publicly available relevant investment information that informs stakeholders and enables them to engage directly with FMO on its investments which, in turn, enhances our investment decisions, the design and implementation of projects and policies, and strengthens development outcomes. Learn more
In case of questions
In case of questions, please contact us at disclosure@fmo.nl
Disclaimer
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
Millstream Dairy SRL ('Millstream') is a start-up dairy farm with 230 milking cows in Goleni, Moldova. Millstream was established as an initiative of Dutch farmers with extensive experience in the dairy industry. The local partner in Moldova is a farmer with expert knowledge of the agricultural sector in Moldova. The farmer is Millstream’s supplier of contracting services and feed for the dairy farm, and also contributes to cultivation and storage at the farm.
What is our funding objective?
The objective of Millstream is to serve the local market by supplying high quality milk, for which there is a large demand in Moldova. Millstream has a strong competitive advantage because of its ability to deliver the product year-round and at a competitive cost. The FOM credit facility was used for investments in stables, machinery, equipment and herd.
Why do we fund this investment?
Millstream will provide a product that is in high demand and yet under-produced in Moldova. FMO’s involvement fills a gap in local financing, as there is no available long-term debt funding in the agricultural sector. In addition, the positive market prospects and the company's extensive knowledge of the dairy and agricultural industry made this an attractive investment for FMO.
- Website customer/investment
- http://millstream.nl
- Region
- Europe & Central Asia
- Country
- Moldova, Republic of
- Sector
- Agribusiness, Food & Water
- Effective date
- 12/3/2012
- End date
- 12/22/2020
- Total FMO financing
- EUR 1.25 MLN
- Funding
- 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) - B