Avícola La Estrella

repaid

Theobjective of the Project is to improve the Company’s cash flow by alleviatingits financial burden and improving its debt profile. The Project consists of(1) debt refinancing and (2) working capital financing. Toward this end, twoloans ("A" and "C") are proposed, each having different characteristics, toaddress to the firm’s principal financial needs.Providelong-term financing:Sources oflong-term financing are scarce in Nicaragua. The operation will meet two of the immediate needsof Avícola La Estrella, S.A. ("La Estrella" or "the Company"), i.e.,refinancing short-term debt and meeting working capital requirements.Supportan industry with a high value-added component:The chicken production process includes hatching,grow-out, processing, and distribution. In addition, "the Company" hasincorporated the production of feed for its own use, the production of chickenbyproducts, and the production of eggs for human consumption into its process.Strengthena medium-size company:The Projectwill help "the Company" adapt to ongoing growth and achieve its full potential,thus conserving many jobs.Generate sales for small and medium-size enterprises:"The Company" is an important local buyer of commodities such as grains andmeal. It also purchases packing materials and other production inputs.