AGRICOLA PAMPA BAJA S.A.C.
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.
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.
|Date||Total FMO financing|
|9/18/2018||USD 1.00 MLN|
|9/18/2018||USD 24.00 MLN|
- Website client
- Latin America & The Caribbean
- Agribusiness, Food & Water
- Signing date
- Total FMO financing
- USD 15.00 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)