Quick Facts

Countries:
Where the impacts of the investment may be experienced.
  • Peru
Banks:
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
  • Netherlands Development Finance Company (FMO)
Status: Signed
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.
Investment Amount (USD): $ 15.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.

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Primary Source

Original disclosure @ FMO website
Updated in EWS: 2017-11-03
AGRICOLA PAMPA BAJA S.A.C.
FMO-47822

Project Description
WHO IS OUR CLIENT Agricola Pampa Baja, established in 1999, is a family owned company engaged in the production of fresh fruits & vegetables and also holds dairy operations for the production of milk. FUNDING OBJECTIVE FMOa€™s funds will mainly be used to geographically expand the agricultural activities of Pampa Baja through its participation in the Olmos Irrigation Project in Northern Peru. WHY WE FUND THIS PROJECT Supporting the geographical expansion will enable the company to enhance its counter-seasonal production window. The Olmos Irrigation Project, initiated by the Peruvian government, transforms desert land into agricultural land through irrigation by water diverted from the Atlantic basin. Before the Olmos Irrigation Project, the area was a desert. The land has become suitable for year-round production of fruits and vegetables. Impact will be realized through the additional food produced, the economic development on previously unused land as well as an improvement of living standards in the Lambayeque region, which is a remote and under-developed region in the northern part of Peru. The Olmos operations of Pampa Baja will generate substantial employment opportunities for the local community.
Investment Description
Contact Information
FMO The Netherlands +31 70 314 96 96 info@fmo.nl Anna van Saksenlaan 71 2593 HW, The Hague The Netherlands FMO South Africa +27 11 507 2500 joburg-office@fmo.nl Regent Place, 2nd Floor Cradock Ave, Rosebank 2196 Johannesburg South Africa