| Project Detail |
Location:
Uzbekistan
Project number:
53035
Business sector:
Agribusiness
Notice type:
Private
Environmental category:
B
Approval date:
29 Apr 2022
Status:
Passed Concept Review, Pending Final Review
PSD disclosed:
25 Apr 2022
The provision of a US$ 6.3 million senior secured loan (the Loan) to Uzbekistan based producer of spreads and butter JV Milk Euro Food LLC. It will consist of two tranches: the amortising tranche of US$ 3.3 million (Tranche 1) and the revolving tranche of US$ 3.0 million (Tranche 2).
Project Objectives
The Banks financing will be used to (i) consolidate and extend the maturity of existing loans from local banks (US$ 3.3 million), (ii) finance working capital needs (US$ 2.7 million) and (iii) the acquisition of refrigerators US$ 0.3 million (together, the Project).
Transition Impact
ETI score: 80
The DFF SME framework primarily targets the Competitive quality by helping SMEs to restructure and become more efficient or professional. Sub-projects can target any of the other transition qualities as secondary objective. This Project is supporting framework objectives by supporting an SME in the following areas: Competitive and Well-Governed. Under Competitive quality, the project will help the company to increase its capacity utilisation and improve its standards by acquiring ISO 45001 certification. Under Well-Governed quality, the project will help the company to improve its financial management. |
