PROJECT

Projects

Summary of Investment Information

Project Number

34907

Company Name

Kvarlis Baga LTD

Date SPI Disclosed

May 28, 2014

Country

Georgia

Region

Europe

Projected Board Date

Jun 30, 2014

Environmental Category

B - Limited

Status

Completed

Last Updated Date

Jun 12, 2021

Department

Regional Industry MAS LAC & EUR

Industry

Agribusiness and Forestry

Previous Events

Approved : Jun 30, 2014
Signed : Jul 21, 2014
Invested : Sep 8, 2014

Sector

Dairy Products

Project Description

Established in 2011, Kvarlis Baga Ltd (the “Company”) is one of the largest Georgian dairy farms. The Proposed IFC loan will be will be utilized for: (i) to increase dairy farms existing capacity from 116 milking cows to 350 milking cow; and (ii) working capital requirement (collectively the “Project”).

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation