PROJECT

Projects

Summary of Investment Information

Project Number

42454

Company Name

MERCON B.V.

Date SPI Disclosed

Mar 29, 2019

Country

Latin America and the Caribbean Region

Region

Latin America and the Caribbean

Projected Board Date

Apr 30, 2019

Environmental Category

B - Limited

Status

Completed

Last Updated Date

Oct 30, 2022

Department

Regional Industry - MAS LAC

Industry

Financial Markets

Previous Events

Approved : Sep 21, 2010
Signed : Apr 29, 2019
Invested : Apr 30, 2019

Sector

Commercial Banking - Trade and Supply Chain

Project Description

 The proposed investment consists of a participation of USD 40 million by IFC in a revolving credit facility (the “Facility”) in favor of Mercon Coffee Group (“Mercon”). The Facility aims at supporting Mercon for all its activities across the coffee sector value chain, from production and storage in countries of origin (Nicaragua, Honduras, Brazil, Guatemala, Vietnam) to transportation and commercialization in multiple destinations.

This project prioritizes improving farmers’ access to markets, access to finance, provision of technical expertise and climate-smart considerations.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation