Tajero WrCap

completed

 The proposed project is a corporate loan of $2.5 million working capital facility to support LLC “Tajero”, LLC “Tajero-Sughd” and LLC “Afzaliyat” (jointly referred to as “Tajero” or “Tajero Group”) distribution business. This would be IFC’s second project with the Group.  In 2012 IFC committed a loan to Tajero (Project SEF Tajero II, No: 31438) in the amount of US$1.7 million. E&S performance of previous project was good.   All additional measures agreed in previous ESAP have been implemented by the Group to IFC’s satisfaction. In 2015 IFC committed new loan to Tajero, which was later cancelled by the request of the company. The first company of Tajero Group was established in the city of Dushanbe, the capital of the Republic of Tajikistan, in 2002. Tajero Group is the leading nation-wide importer and distributor of food and beverages with exclusive contracts from more than 50 international fast moving consumer goods (“FMCG“) companies. Its distribution network represents the main regions of Tajikistan that comprise 95% of the population.  Tajero Group owns and leases more than 10,000 m2 of dry and refrigerated warehouse space located in Dushanbe, Sughd and Khatlon provinces of Tajikistan; these serve as the distribution centers to retail points. Products from distribution centers are shipped daily by the Group’s own truck fleet consisting of 167 small vehicles. In Dushanbe, Tajero’s distribution center shares the site with the AMIRI confectionary production plant, owned by the same Sponsor, but which is a separate legal entity and is not covered by this project.