Ganadería Integral de Nicaragua, S.A.

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GINSA is related to Grupo Viz de México (Sukarne,www.sukarne.com.mxGrupo Viz, with its Sukarne brand, is an integrated animal protein producer and Mexico’s largest beef producer, posting over US$300 million a year in exports to the United States, Japan, Russia, South Korea, and other international markets. Headquartered in Culiacán, in the State of Sinaloa, Grupo Viz has four production facilities in Mexico and a nationwide distribution and marketing network, also in Mexico.The IIC loan, comprising an A loan of up to US$10 million and a B loan of up to US$13 million, will be used to finance GINSA’s initial operating phase, i.e., setting up and operating a facility for processing approximately 45,000 head of cattle per year. GINSA will benefit from technical assistance, know-how, and marketing and export support provided by Grupo Viz in Mexico.Nicaragua is a major agribusiness producer in Central America, posting cattle production and beef export surpluses. The IIC loan will complement foreign investment in Nicaragua, help create jobs, and boost an important sector of the domestic economy. In 2009 Nicaragua exported US$231 million worth of beef—its number two export. Grupo Viz, through GINSA, has been sharing information and expertise with Nicaragua’s cattle and beef industry and trade associations, as well as with government agencies.