Project Description
Agrotec S.A. (“Agrotec” or “the Company”) is one of Paraguay’s leading crop input distributor and agronomy services company operating since 1990. Agrotec offers a “one-stop shop” to more than 800 client farmers, providing seeds, fertilizers, agrochemicals, technical support, storage and logistic services, pre-harvest financing, as well as commercialization of the grains of its farmer client base. The Company’s strategy is to develop strong relationships with farmers providing integral agronomic services from sowing planning and advice, through the provision of seeds, nutrition integration and crop protection. Agrotec operates 11 Regional Distribution Centers (“RDCs”) including its HQ in Ciudad del Este located near the major crop regions of Paraguay to guarantee a rapid delivery of inputs and efficient customer service to its clients.
The Project consists of providing Agrotec an up to $15 million one year loan facility (the “Facility”) with up to four renewable tranches, and a long term facility up to US$10 million to support the working capital needs of the Company.