Agricover SME

completed

Agricover Credit IFN S.A. (IFN or the Company) is the only Romanian financial institution specialized in financing the agricultural sector. The Company is part of the Agricover Group (“AG” or the “Group”), an integrated agricultural group and one of the largest agri-traders in the country whose main operations include: (i) grain sourcing, trading, and logistics services; (ii) distribution of agricultural inputs; (iii) short and medium-term financing; (iv) insurance brokerage; (v) fuel distribution; and (vi) trading of meat and livestock.The proposed Project consists of a RON 40 million senior loan to IFN to support the Company’s long-term investment loans to small and medium enterprises (“SMEs”) that are primarily engaged in agribusiness activities in Romania, including small-scale climate related energy efficiency and renewable energy projects. The proposed investment will have a tenor of 5-year with 1-year grace period and will mark IFC’s third engagement with the Company.