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IDB Invest lends US$32 million to Peruvian agro-industrial firm Danper to boost the agro-export chain
Tuesday, November 5, 2024 - 16:30
Foto Europa Press

The project also seeks to increase the company's purchases from local suppliers, including micro, small and medium-sized enterprises (MSMEs).

IDB Invest has granted a loan of up to US$35 million (32 million euros) to Danper, a Peruvian agro-industrial company, to boost agricultural production and increase exports.

The project also seeks to increase Danper's purchases from local suppliers, including micro, small and medium-sized enterprises (MSMEs). Between 2024 and 2028, Danper's purchases from local suppliers are expected to reach US$115 million (105 million euros) annually on average.

The project includes a loan of up to US$25 million (22.8 million euros) over 10 years to improve Danper's productivity and a credit line of up to US$10 million (9.15 million euros) for its suppliers to advance the collection of invoices through the Fintech platform Efactor Network.

IDB Invest, through the Women Entrepreneurs Financing Initiative (We-Fi), is providing technical assistance that includes the measurement of the Multidimensional Poverty Index to 300 artichoke farmers. This is aimed at strengthening the management of Danper's suppliers and promoting the development and empowerment of women in its value chain.

The assistance is complemented by training in agricultural practices, leadership, and support to create women-led cooperatives, thus facilitating their growth. In addition, IDB Invest will collaborate in the development of an inclusive procurement strategy that increases the participation of women-led MSMEs in Danper's supply chain.

The operation is expected to contribute to the following United Nations Sustainable Development Goals (SDGs): Zero Hunger (SDG 2), Gender Equality (SDG 5), Decent Work and Economic Growth (SDG 8), Responsible Consumption and Production (SDG 12) and Partnerships for the Goals (SDG 17).

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