Quick Facts

Where the impacts of the investment may be experienced.
  • Peru
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: Proposed
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): $ 25.00 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

Project Description
WHO IS OUR CLIENT DanPer is one of Peru's leading agricultural companies which was established in 1993 and currently produces fresh, canned and frozen asparagus, artichokes, peppers, mango and other fruits and specialty products mainly for export to North American and European markets. DanPer started as a single product and process business and over the years has expanded into a diversified integrated agricultural processor which produces its own products from more than 500 farmers throughout the country. The company is an important vehicle for development as it generates a positive and significant impact to the economy of its suppliers, workers and communities and along its value chain. DanPer spreads geographical its in-country supply sources (north to south) to benefit from different production areas for its products (including altitude differences) as well as distinct harvest windows throughout the year. FUNDING OBJECTIVE FMO's financing will support DanPer through its growth phase by enabling a better match between the maturity profile of its assets and funding lines. USD 5 million of the USD 30 million facility, will be provided by the Infrastructure Development Fund (IDF) which FMO manages on behalf of the Dutch Ministry of Development Cooperation. To assist the company in dealing with weather related effects, such as the El Nino effect of 2015, FMO has established a capacity development plan to assist them with an Integrated Water Management Plan to manage the water risks, which is aligned with the Alliance for Water Stewardship Standard. DanPer has adopted IFC Performance Standards and completed Environmental Impact Assessments for all their operations; they already adhere to international certifications (ISO 14001, SA8000, OHSAS 18001 and Global/US GAP). All farms make use of drip irrigation and have reservoirs to store water; waste water is treated and reused and therefore limited amounts are discharged. WHY WE FUND THIS PROJECT Financing DanPer fits well with FMO's objective of supporting leading companies in the sector who have a positive impact on the agricultural value chain. DanPer has also been recognized for entrepreneurship and sustainability based on best E&S practices. DanPer employs up to 8,700 employees depending upon the season which includes a significant number of underprivileged women who before the growth of new agriculture activities in Peru did not traditionally have opportunities for formal employment. The company works together with the local authorities and other institutions (i.e. Health Ministry), with social responsibility programs in order to improve the quality of life in the surrounding communities. The programs include medical health campaigns, improving of community roads and improvement of water supply. DanPer also has a special program teaching local people about businesses principles and giving them loans to start their own business.
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