Copeval Farmers Securitization

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 The proposed loan will be supporting Compañía Agropecuaria Copeval S.A. (“Copeval” or the “Company”)’s permanent working capital needs that are essential to finance the pre-harvest inputs and services to its network of farmers. Copeval is an existing IFC client (projects #3277, #44350) with satisfactory E&S performance. Copeval is Chile’s leading agricultural input distributor offering a one-stop shop to more than 50,000 farmers. Copeval’s activities are divided into: (i) Agricultural inputs: such as agrochemicals, fertilizers, seeds, irrigation equipment, etc.; (ii) Agri-industry (grain drying, storage and commercialization services); (iii) farmer’s training and capacity building; (iv) transportation and delivery services. Copeval operates a centralized headquarters and main distribution center in San Fernando, along with: a corporate office in Santiago, 24 distribution branches across the country, 4 grain storage facilities with a total capacity of 130.700 ton (Nancagua, San Javier, San Carlos and Los Angeles), 2 animal feed plants (Nancagua and Los Angeles) and 8 offices where training and development services are offered to farmers. Copeval relies on third parties to distribute products, diesel and to collect grains from the farmers.