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RG-Q0018 : Victus Fund

Project Status: Implementation

VICTUS Fund will invest in projects that bring innovation to agriculture, through the development of new products, and using new management or technical technologies. The project¿s objective is to strengthen the growing cluster of agriculture innovation; bringing new ideas and creating work in rural areas in Andean countries, mainly Chile, Peru and Colombia. In these countries there is an important asymmetry between capital and information. Entrepreneurs with know-how lack capital to develop their investments. The projects financed by VICTUS will be developed alongside the ¿partner-entrepreneur¿; an entrepreneur who has the know-how but lack necessary capital. The idea for this Fund is to replicate in Latin America, the model implemented via the two former Funds that Sembrador managed in Chile. To make this possible VICTUS needs to be a USD 100 million fund. The fund¿s sustainability will be reached with the target capitalization of USD 100 MM that will allow funding projects in the Region until they become successful on their own.

Project Detail

Project Number
RG-Q0018
Approval date
November 14, 2012
Project Country
Regional
Project Sector
AGRICULTURE AND RURAL DEVELOPMENT
Project Subsector
AGRIBUSINESS
Project Type
Equity
Project Lending Type
NSG
Project Modality
Project Facility Type
Project Status
Implementation
Operation Number
EQU/MS-13514-RG

Financial Information

Project Number
RG-Q0018
Project Status
Implementation

IDB Financing

Financing type
EQU
Fund
MIF-Small Enterprise Investment Fund
Reporting currency
USD - United States Dollar
Reporting date
Jul/18/2023

Roles & Responsibilities

Contract signature date
Dec/09/2014

Project Information

Total Cost
USD 100,000,000
Country counterpart financing
USD 95,000,000
Amount
USD 5,000,000

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