PEYMAN KURUYEMIS GIDA AKTARIYE KIMY
Who is our client
Peyman is one of the largest producers of dried fruits, nuts and seeds in Turkey. Peyman has a strong brand name image.
The loan will finance Peyman Kuruyemis's investment in a new factory as the company is expanding into new markets.
Why we fund this project
The impact of this project is expected to be primarily derived from market expansion through backward linkages to local farmers and transfer and dispersion of skills.
Environmental and social rationale
Categorized B+. FMO’s preliminary environmental and social due diligence indicates that the investment will have impacts which must be managed in a manner consistent with the following Performance Standards: - PS 1: Assessment and Management of Environmental and Social Risks and Impacts; - PS 2: Labor and working conditions; - PS 3: Resource Efficiency and Pollution Prevention - PS 4: Community Health, Safety and Security. The company is certified to a number of best practice management systems including ISO 9001, ISO 22000, ISO 140001, Halal Food and BRC and it is currently working on getting the Ecocert and ISO 26000 certifications.
- Website client
- Europe & Central Asia
- Agribusiness, Food & Water
- Signing date
- Total FMO financing
- EUR 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)