Who is our client
Agrofértil, founded in 1993, is the leading distributor of fertilizers, crop protection products and seeds and agronomic services company in Paraguay, with its headquarters in Ciudad del Este. Through their extensive network of 20 distribution centers of which 14 have storage silos located in industrial zones or rural centers near the major crop regions in Paraguay, the company assists more than 1.800 farmers.
FMO has provided a USD 10 million medium-term facility to finance Agrofértil S.A.'s structural working capital needs and increase their capacity to provide pre-harvest financing to farmers in Paraguay.
Why we fund this project
Agrofértil plays a key role in the agri value chain in Paraguay, supporting small and medium sized farmers and cooperatives. Agribusiness is considered to be the engine of the Paraguayan economy and is the sixth largest producer and fourth largest exporter of soybeans worldwide which contributes to some 23 percent of the country’s GDP. Through this project, FMO will be enhancing Agrofértil's capacity to provide pre-harvest financing to farmers and will contribute to the further development of agriculture sector, a key pillar of Paraguay's economy. Thanks to the pre-harvest financing and agronomic advice provided by Agrofértil, farmers are able to increase their productivity and profitability.
|Date||Total FMO financing|
|10/22/2020||EUR 0.07 MLN|
|6/26/2020||USD 7.50 MLN|
|6/26/2020||USD 10.50 MLN|
|12/5/2019||EUR 0.06 MLN|
- Latin America & The Caribbean
- Agribusiness, Food & Water
- Signing date
- Total FMO financing
- USD 10.00 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)