Global CTG

in implementation

Global is a medium-sized producer, processor, trader, and exporter of some agricultural products such as peanuts, rice, beans, corn, and cucurbits, from various provinces of Nicaragua, such us León, Chinandega, Masaya and Granada, among others. In addition to own crops, the Company buys produce from third party suppliers, building direct relationships with suppliers and small farmer organizations. This will allow the Company to improve quality and quantity of produced commodity, introduce and scale sustainable farming practices, and have a positive effect on the livelihoods of smallholders and populations.The loan to Global aims to provide long-term financing for the construction of a new industrial plant and relocate their actual peanut processing operations. It will also allow the company to consolidate and simplifies their logistics for some other products. The total estimated project cost is US$6 million to be invested during 2017 and 2018.With the participation of IDB Invest, Global can access longer tenors, as well as an adequate grace period. This will not attempt to restrict their normal operation while performing the project. At the same time, IDB Invest will support a sector of high relevance in the Nicaraguan economy, being Global a medium size link for productive chains in various country regions.