Quick Facts

Countries:
Where the impacts of the investment may be experienced.
  • Peru
Location: La Libertad
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Banks:
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
  • Inter-American Investment Corporation (IIC)
Status: Pending
Bank Risk Rating: B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Board Decision Date: 2017-09-19
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower or Client: Danper Trujillo S.A.C.
The holder of the loan, grant, or other investment.
Investment Type(s): Loan
The categories of the bank investment: loan, grant, etc.

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Primary Source

Original disclosure @ IIC website
Updated in EWS: 2017-10-12
Disclosure Date: 2017-08-02
Danper II
IIC-12180-01

Project Description
The objective of the loan is to support the growth and competitiveness of Danper Trujillo S.A.C. ("Danper" or the "Company"), a leading private company in the agribusiness sector located in Trujillo, in northern Peru. The Company has been a client of the IDB Group since 2014 and is engaged in the production, processing, and export of asparagus, artichokes, peppers, mangos, grapes, avocados, and blueberries. Danper has embarked on a US$41 million multiyear (2017-2019) investment plan that can be grouped in three categories: (i) investments to increase agricultural production; (ii) investments to improve industrial facilities and install two processing plants; and (iii) working capital financing related to the investments (collectively called the "Project").
Investment Description
Financing from the Inter-American Investment Corporation (IIC) in the amount of US$20.7 million will be supplemented by cash generation contributed by the Company (US$13.5 million) and other financing (US$7 million). The proposed IIC loan for US$20.7 million will have a term of 10 years and a grace period of 30 months.
Contact Information
CONTACT For inquiries about this project contact divulgacionpublica@iadb.org. ACCOUNTABILITY MECHANISM OF IIC The Independent Consultation and Investigation Mechanism (MICI) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an Inter-American Development Bank (IDB) or Inter-American Investment Corporation (IIC)-funded project. If you submit a complaint to MICI, they may assist you in addressing the problems you raised through a dispute-resolution process with those implementing the project and/or through an investigation to assess whether the IDB or IIC is following its own policies for preventing or mitigating harm to people or the environment. You can submit a complaint by sending an email to MICI@iadb.org. You can learn more about the MICI and how to file a complaint at http://www.iadb.org/en/mici/mici,1752.html (in English) or http://www.iadb.org/es/mici/mici,1752.html (Spanish).
Bank Documents