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Favorita WC

Sector: Raw Materials • Location: Ecuador

Source: International Finance Corporation (IFC)

Project
Completed

Favorita (or the Company), through wholly owned operating companies incorporated in Ecuador, is one of the Country’s leading vertically integrated banana growers and exporters. Other activities within the group include production of plastic bags, fumigation services, importing of fertilizers, dairy farming and processing (including yogurt and cheese), forestry and cattle ranching. The project aims

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The project “Favorita WC” is an infrastructure initiative in the Raw Materials sector, located in Ecuador. Taiyo aggregates data on it from International Finance Corporation (IFC).

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Participants

Sponsoring Agency

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Company

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Status

Original status

completed

Taiyo status

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Description

Description

Favorita (or the Company), through wholly owned operating companies incorporated in Ecuador, is one of the Country’s leading vertically integrated banana growers and exporters. Other activities within the group include production of plastic bags, fumigation services, importing of fertilizers, dairy farming and processing (including yogurt and cheese), forestry and cattle ranching. The project aims on (i) providing Favorita with working capital needed for the ongoing banana replanting effort which consists of ~5-7% of the total arable area per annum; and (ii) debt restructuring process. This corporate investment is IFC’s fifth transaction with Favorita, and builds on a partnership begun in 1993, when IFC provided initial financial support to the Company.

Original sub-sector

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Original Currency

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Original budget

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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Article Published Date

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