Agrícola Ganadera Reysahiwal II

repaid

With the IIC loan, Agrícola Ganadera Reysahiwal S.A. (AGR) will improve its financial profile with long-term financing, making the company less vulnerable to changes in the financial market and in terms for accessing financing. The IIC’s loan will be used to refinance debt incurred to finance the construction of a plant in Sangolquí, built to meet the increasing demand for dairy products.The IIC is providing needed financing for the orderly expansion of an existing company that is increasing its production capacity to satisfy the growing demand for the hygienic processing and distribution of basic dairy products that provide essential nutrients and are not always available in developing nations. The proposed operation will allow the company to continue to plan its growth and operate under more stable conditions.Through this operation, the IIC will strengthen its support for project sponsors that are involved in several highly developmental activities that demonstrate their commitment to corporate social responsibility. These include (i) education and health-care services for children living in rural areas; (ii) scientific research on the rainforest; (iii) a forestry program that has earned SmartWood international certification; and (iv) the promotion of ecotourism.