39718
RIKWEDA FRUIT PROCESS COMPANY
Nov 15, 2017
Afghanistan
Middle East
Dec 20, 2017
B - Limited
Completed
Aug 23, 2021
Gbl Ind, Manufact, Agribus & Services
Agribusiness and Forestry
Approved : Mar 8, 2018
Signed : May 31, 2018
Invested : Mar 5, 2019
Fruits and Vegetables
Blended Finance
Rikweda Fruit Process Company (Rikweda, the Project or the Company) is a 15,000 ton per annum (tpa) raisin processing plant in Kabul, Afghanistan. The Project cost is estimated at US$9.0 million of which US$6 million is financed by the Sponsors' equity. IFC has been invited to extend a revolving working capital facility of up to US$2.5 million renewable on an annual basis for five years. IFC will also extend a C Loan of up to US$0.5 million in exchange for advisory services to support Rikweda’s growth.
IFC will support the Company through an advisory engagement to support the development of raisin supply chains in Afghanistan by building the capacity of Rikweda on implementing and managing food safety systems, financial management and supply chain development.
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