MACHU PICCHU FOODS S.A.C
Status: Completed investmentWhy disclosure?
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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
Machu Picchu Foods SAC (MPF) is a cocoa originating, processing, and chocolate manufacturing company established in 2000 in Lima, Peru. As the company's operations have grown they have also moved into more value-added products such as cacao derivatives and chocolate processing. The company is now fully dedicated to the cacao segment, where it is a strong niche player with key strategic relationships locally and abroad. MPF has become the largest player in cocoa origination and an important player in chocolate production in Peru.
What is our funding objective?
FMO provided a US$10 million senior loan to Machu Picchu Foods. These funds will be used for capex investment and working capital (US$8 million) and for the financing of farmers (US$2 million).
Why do we fund this investment?
By financing approximately 10% of MPF's balance sheet and being the first international long-term debt provider, FMO plays an important role in the growth of the company. This investment also contributes to inclusive development in Peru by supporting the company's cocoa sourcing operations from smallholder farmers.
More investments
| Date | Total FMO financing |
|---|---|
| 1/31/2018 | USD 2.00 MLN |
| 11/8/2024 | USD 20.00 MLN |
- Website customer/investment
- http://www.mpf.com.pe
- Region
- Latin America & The Caribbean
- Country
- Peru
- Sector
- Agribusiness, Food & Water
- Effective date
- 11/28/2014
- End date
- 6/7/2021
- Total FMO financing
- USD 8.00 MLN
- Funding
- FMO NV
-
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