Project detail - AGRICOLA PAMPA BAJA S.A.C.

AGRICOLA PAMPA BAJA S.A.C.

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Who is our client

Agricola Pampa Baja, established in 1999, is a family owned company engaged in the production of fresh fruits & vegetables and also holds dairy operations for the production of milk.

Funding objective

FMO’s funds will mainly be used to geographically expand the agricultural activities of Pampa Baja through its participation in the Olmos Irrigation Project in Northern Peru.

Why we fund this project

Supporting the geographical expansion will enable the company to enhance its counter-seasonal production window. The Olmos Irrigation Project, initiated by the Peruvian government, transforms desert land into agricultural land through irrigation by water diverted from the Atlantic basin. Before the Olmos Irrigation Project, the area was a desert. The land has become suitable for year-round production of fruits and vegetables. Impact will be realized through the additional food produced, the economic development on previously unused land as well as an improvement of living standards in the Lambayeque region, which is a remote and under-developed region in the northern part of Peru. The Olmos operations of Pampa Baja will generate substantial employment opportunities for the local community.

More investments

Date Total FMO financing
9/18/2018 USD 1.00 MLN
9/18/2018 USD 24.00 MLN
Website client
http://www.pampabaja.com
Region
Latin America & The Caribbean
Country
Peru
Sector
Agribusiness, Food & Water
Signing date
6/30/2016
Total FMO financing
USD 15.00 MLN
Fund
FMO
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+