PROJECT

Projects

Summary of Investment Information

Project Number

32807

Company Name

Tetri Kudi LLC(Limited liability Company)

Date SPI Disclosed

May 14, 2013

Country

Georgia

Region

Europe

Projected Board Date

Jun 14, 2013

Environmental Category

B - Limited

Status

Completed

Last Updated Date

Nov 30, 2016

Department

Regional Industry MAS LAC & EUR

Industry

Agribusiness and Forestry

Previous Events

Approved : Jun 14, 2013
Signed : Jun 24, 2013
Invested : Sep 6, 2013

Sector

Other

Project Description

The Project consists of providing up to US $1.5 million A Loan to Tetri Qudi LLC (“Tetri Qudi” or the “Company”). Tetri Qudi is the leading Georgian producer of fresh mushroom. The Company was established in 2010 and currently produces two types of mushroom: Champignon (Agaricus) and Oyster (Pleurotus).

The proposed investment entails providing a corporate loan to Tetri Qudi, to be utilized for financing of the Company’s capital expenditures in 2013 and for additional working capital requirements to support the Company’s growth.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation