PROJECT

Projects

Summary of Investment Information

Project Number

41632

Company Name

BIOVANILLA SARLU

Date SPI Disclosed

May 21, 2019

Country

Madagascar

Region

Africa

Projected Board Date

Jun 25, 2019

Environmental Category

B - Limited

Status

Active

Last Updated Date

May 5, 2024

Department

Regional Industry - MAS ME & Africa

Industry

Agribusiness and Forestry

Previous Events

Approved : Oct 10, 2019
Signed : Dec 6, 2019
Invested : Jan 27, 2020

Sector

Diversified Edible Agricultural Crops Production

Additional Project Attributes

Blended Finance

Project Description

The Project is to provide an export pre-financing facility to BIOVANILLA SARLU (“Biovanilla”) for the purchasing and processing of vanilla beans for exports to international offtakers.

Associated Advisory Engagement

An Advisory Services engagement is associated to the Project and will aim to (i) Improve farmers’ business skills; (ii) Increase the business capacity management skills of cooperatives Biovanilla is working with, in terms of managerial and financial skills; (iii) Assist in upgrading Biovanilla food safety systems; and (iv) Provide the company with a road map to improve its corporate governance practices. The engagement is proposed to be co-funded by the Private Sector Window of the Global Agriculture and Food Security Program (GAFSP).

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation