Copeval was established in 1956 as a cooperative and since 2003 it turned into a listed company in the Santiago Stock Exchange. Its major share holders are: Gonzalo Martino Gonzalez (23%), Ariztia Group (22%) and Hernan Bozzo (17%).

Copeval’s expansion will significantly increase its operational funding needs. IFC will provide a financing facility of up to US$70 million, including a securitized bond to finance increased permanent working capital needs and support Copeval’s growth efforts and further geographical reach within Chile.

70.0 million (USD)

Product Line	IFC Investment (million USD)
Risk Management
Guarantee
Loan	50.0
Equity	20.0

* These investment figures are indicative

The company is headquartered in San Fernando, Chilean VI region. The Company currently has 27 stores spread all throughout Chile’s agricultural main areas which comprises from the III to the X region.

Copeval is having a significant developmental impact by efficiently providing pre-harvest financing to farmers operating in rural areas (including recently developed agricultural regions) making a significant contribution to Chile''s rural economic development as well as to global food security. Copeval currently reaches more than 30,000 farmers through its network of stores strategically located across all Chile''s agricultural regions. Copeval''s main impacts include: (i) providing farmers with training, advisory, certifications services and technical support; and (ii) contributing to rural economic development through linkages with agricultural MSMEs, farmers, and local rural communities in the surrounding rural frontier regions where the Company operates.

Copeval currently sponsors different programs that provide support to small producers, including programs for enhancing the productivity and quality of suppliers, assistance in the implementation of quality certifications, advice in feasibility studies for the implementation of irrigation services, supporting entrepreneurship and encouraging the integration of small producers to the agro-industrial chain. The training services include sessions for agricultural good practices, pesticides handling, treatment of plagues and diseases, operation and maintenance of irrigation systems and agricultural machinery. During 2012, Copeval provided assistance to about 3,900 farmers from the region of Coquimbo to Los Lagos.

IFC''s role and additionality in Copeval will be materialized thorugh:

i) Providing strructured long term financing in local currency at longer terms than usually available in the local market;

ii) IFC will supervise Copeval''s compliance with Environmental & Social best practices and Standards; and

iii) Long term partnership to support the growth potential of a locally owned agribusienss input distribution and agricultural services provider with extensive farmers reach.

Indicator	Metrics	Comments	Calendar Year 2022	Calendar Year 2023	Calendar Year 2024
Farmers Reached	Farmers Reached (#)		Not Available	Not Available	Not Available
Organizational capacity and Management Programs(%)	Organizational capacity and Management Programs(%)		Not Available	Not Available	Not Available
Occupational Health and Safety(%)	Occupational Health and Safety(%)		Not Available	Not Available	Not Available

This investment is a Category B project in accordance with IFC’s Policy on Environment and Social Sustainability.

Please refer to the related Environmental and Social Review Summary (ESRS) document for this project.

Please refer to the Environmental and Social Action Plan (ESAP) tab in the related Environmental and Social Review Summary (ESRS) document for this project.