CM's primary mission is to support its members in the production and marketing of their crops and to offer a number of other support services, such as financial and technical assistance, agricultural training, and medical and education programs. CM has more than 15 years of experience with organic agriculture, and exports certified organic and Fairtrade sugar to more than 17 countries (mostly in Europe but also to the United States, Canada, New Zealand, and South Korea).
The main objective of this project is to enhance the competitiveness and boost the revenues of CM and its members through support for the construction and start-up of the Cooperative¿s own organic sugar-processing plant.
Increasing consumption of organic products in recent years has led to growth in demand for CM's highly valued organic sugar. However, the Cooperative has been unable to fully meet this demand as it operates from a rented plant with limited capacity. This has not only prevented it from tapping into existing demand, but member competitiveness has also been affected by high transport costs resulting from the considerable distance between the plant and crop areas.
The new plant, which will be situated close to the crop areas, is expected to solve the problems that have curtailed profits, hindered growth, and prevented the Cooperative from meeting existing levels of demand. In addition to its direct impact on Cooperative members, the project is also expected to benefit more than 800 families that participate in harvesting, post-harvesting, and logistics activities related to the new plant.
Project Detail
Country
Paraguay
Project Number
PR-L1068
Approval Date
June 28, 2012
Project Status
Closed
Project Type
Loan Operation
Sector
AGRICULTURE AND RURAL DEVELOPMENT
Subsector
AGRICULTURAL RESEARCH AND INNOVATION
Lending Instrument
BID Invest
Lending Instrument Code
IIC
Modality
PSL (Private Sector Loan)
Facility Type
-
Environmental and Social Impact Category (ESIC)
-
Total Cost
USD 14,000,000.00
Country Counterpart Financing
USD 11,000,000.00
Original Amount Approved
USD 3,000,000.00
| Operation Number | Lending Type | Reporting Currency | Reporting Date | Signed Date | Fund | Financial Instrument |
|---|---|---|---|---|---|---|
| 2753/OC-PR | Non-Sovereign Guaranteed | USD - United States Dollar | Ordinary Capital | Private Sector Financing |
- Lending Type: Non-Sovereign Guaranteed
- Reporting Currency: USD - United States Dollar
- Reporting Date:
- Signed Date:
- Fund: Ordinary Capital
- Financial Instrument: Private Sector Financing
Can’t find a document? Request information
https://www.iadb.org/document.cfm?id=EZSHARE-664435918-768
Agreement - Financial Closing - SCF
Paraguay_ Loan 2753_OC-PR to Cooperativa de Producción Agroindustrial Manduvirá Limitada“Improving Opportunities [36826191].PDF
Aug. 04, 2014
English
https://www.iadb.org/document.cfm?id=EZSHARE-664435918-770
Agreement - Financial Closing - SCF
Paraguay_ Préstamo 2753_OC-PR a Cooperativa de Producción Agroindustrial Manduvirá Limitada_ “Mejorando las opor [36826189].PDF
Aug. 04, 2014
Spanish
https://www.iadb.org/document.cfm?id=EZSHARE-664435918-769
Environmental and Social Strategies
Estrategia medioambiental y Social [36787898].DOCX
Apr. 11, 2012
Spanish
https://www.iadb.org/document.cfm?id=EZSHARE-664435918-771
Project Abstract
Project Abstract [36787969].DOCX
Jun. 18, 2012
Spanish
Have an Environmental or Social issue related to IDB projects? File a Complaint