PROJECT

Projects

Summary of Proposed Investment

Project Number

30864

Company Name

AGRICOVER CREDIT IFN SA

Date SPI Disclosed

Nov 18, 2011

Country

Romania

Industry

Agribusiness and Forestry

Projected Board Date

Dec 18, 2011

Status

Completed

Sector

Finance Companies

Department

Gbl Ind, Manufact, Agribus & Services

Environmental Category

FI

Previous Events

Approved : Feb 9, 2012
Signed : Mar 27, 2012
Invested : Jul 9, 2012

Project Description

Agricover Credit (the “Project”) would involve a senior loan of up to €12.5 million to Agricover Credit IFN S.A. (the “Company”) for on-lending to qualified small and medium sized farmers in Romania. The proceeds of the sub-loans would be used to finance working capital expenses, equipment and machinery purchases by farmers.

The Company is the financing arm within the Agricover Group and is the only financial institution in Romania aimed exclusively at agriculture financing.

Sponsor / Cost / Location

Development Impact