AGROVISION PERÚ S.A.C.
Status: Approved investmentWhy disclosure?
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In case of questions
In case of questions, please contact us at disclosure@fmo.nl
Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
Agrovision Corporation is an agricultural company established in Northern Peru in one of the poorest areas of the Chiclayo-Lambayeque district. The company is the largest employer in the region producing grapes, blueberries, avocados and asparagus.
What is our funding objective?
The lack of access to basic resources in the local community of Morrope (declared as being in extreme poverty) such as water and energy for hygiene, and the lack of appropriate medical care could endanger the most vulnerable. For that reason, the following strategies will be implemented: 1. Information campaign to provide updated and objective information to the community of Morrope about recommendations on COVID-19, health plans of the Government, basic protocols to follow, self-protection, changes in social activities/way of life, updates on the pandemic in the Lambayeque Region, etc. 2. Support for the health centre of Morrope with equipment and materials to provide medical services to the community. 3. Donation of drinking water.
Why do we fund this investment?
FMO supports this project because it will benefit the Morrope community in containing the spread of COVID-19, increasing food-water security and allowing business continuity.
More investments
| Date | Total FMO financing |
|---|---|
| 10/5/2022 | USD 0.04 MLN |
| 4/22/2020 | USD 15.00 MLN |
- Region
- Latin America & The Caribbean
- Country
- Peru
- Sector
- Agribusiness, Food & Water
- Effective date
- 9/30/2020
- Total FMO financing
- EUR 0.08 MLN
- Funding
- Building Prospects
-
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - B+