SEF Tajero II

completed

Based in Dushanbe, the Tajero Group of Companies (“the Group”) is composed of three related but separate companies: Tajero LLC, Tajero-Sugd and Amal Industry. It is the leading nationwide importer and distributor of food and beverages with exclusive contracts from 16 International Fast Moving Consumer Goods (“FMCG“) companies. Tajero distribution currently covers 70% of sales points in Tajikistan. Tajero is exposed to volatility in global prices as a distributor of imported food, which makes up 80% of food in Tajikistan. Increasing food prices coupled with currency depreciation have limited Tajero’s ability to further expand the operation, particularly as access to affordable capital has diminished in Tajikistan. To sustain stable volumes and further grow the business, Tajero seeks more affordable sources of financing and has approached IFC to reduce refinancing risks. Tajero has approached IFC for a 3-year working capital line to refinance a current loan and reduce financing costs (the “Project”). This would be IFC's second investment with Tajero.