Project detail - PEYMAN KURUYEMIS GIDA AKTARIYE KIMY

PEYMAN KURUYEMIS GIDA AKTARIYE KIMY

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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.

Funding objective

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
http://www.ebrd.com
Region
Europe & Central Asia
Country
Turkey
Sector
Agribusiness, Food & Water
Signing date
12/15/2017
Total FMO financing
EUR 10.00 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+