26. Acquisition of a processing plant for the aquaculture sector - Peru - CFC/2016/09/0122 Submitting Institution Location Commodity Total Cost CFC Financing Co-financing
Project Description ATISA, short for Acuacultura Técnica Integrada del Perú, exports fresh frozen white quality shrimp. By adhering to strict criteria covering food safety, animal welfare, workers’ welfare, environment, traceability and key sustainability aspects at all stages of production, ATISA has become a trusted partner for European seafood importers. Peru is seeking to capitalize on its endowment of having some of the world’s largest freshwater resources by building a worldclass aquaculture industry and ATISA is perhaps a mirror image of that success.
Acuacultura Tecnica Integrada del Peru S.A. (ATISA) Peru Shrimp USD 4,000,000 USD 1,500,000 (Loan) Acuacultura Tecnica Integrada del Peru S.A. (ATISA): USD 200,000 Owner: USD 1,850,000 ATISA is a female led, family owned, entity based in the Tumbes area, North Peru, since 1997. Specialized in breeding, production and distribution of premium shrimps, ATISA farms vannamei shrimps for both local and international markets and is recognised through its own brand called COOL!. ATISA is the first Peruvian company that obtained the GLOBALG.A.P. Aquaculture certification in 2016. To further reinforce its position as a sustainable shrimp producer, the company is in the process of becoming organic and ASC
certified too. The CFC’s first tranche supports this purpose and part of the necessary investments have already been made by ATISA’s own resources. ATISA also intends to expand into shrimp processing to increase its offering of peeled shrimps, a high value product with less volatile commodity prices than unprocessed whole or headed shrimps. About 7 smaller Peruvian shrimp farmers continue to benefit from ATISA’s processing services. ATISA currently employs over 110 employees, of which 70% have a permanent contract.
27. Africa Food Security Fund - Ghana - CFC/2016/09/0124 Submitting Institution Location Commodity Total Cost CFC Financing Project Description The Africa Food Security Fund (AFSF) is an impact investing fund that seeks to invest in small and medium size businesses (SMEs) active along the agricultural value chains across Africa with a focus on Sub-Saharan Africa. The fund’s investment mainly focuses on primary production, agricultural input and service providers, as well as agro- and food- processing companies. The AFSF is currently preparing its first closure. The target capitalization has been set at
Databank Investment Partners Ghana Partnership USD 100 million USD 1,000,000 (Loan) USD 100 million and the AFSF’s lifetime is set for 10 years. The fund is the follow up fund of the AAF-SME Fund (fund volume USD 36 million) that commenced its operations in 2014 of which the CFC invested USD 2 million. Main partners are Databank Investment Partners (DIP) as the AFSF Fund Manager, and CDC, DGGF, EIB, African AFDB, BOAD and BIDC as key institutional investors into the AFSF. The main focus of investment will be in primary production, agricultural input and service provision, as well as agro- and
food- processing companies. The AFSF will consider potential investments across Africa, but at least 50% of pipeline investments are expected to be located in West Africa. The CFC started to disburse its loan in 2020, facilitating the AFSF’s three first investments with total commitments of USD 13 million to companies in primary production, processing and marketing of agricultural commodities in Cameroon, Tanzania and Mozambique.
28. EcoEnterprises Fund III - CFC/2017/10/0066 Submitting Institution Location Commodity Total Cost (Target Fund Size) CFC Financing Project Description EcoEnterprises III (EcoE III) is an Impact Investing fund that seeks to make investments in Latin American SMEs who source raw material from collectors or smallholder farmers for value added processing. The target sectors are sustainable agriculture, agro-forestry, aquaculture and wild- harvested forest products. EcoE III seeks to invest in growing companies that
EcoEnterprises Fund Latin America Partnership USD 100,000,000 USD 1,000,000 (USD 1,000,000 is financed by the OPEC Fund for International Development (OFID)) cater for increasing demands for organic food products and certified wood in the US.
jobs of 1,700 fulltime employees of whom 1,100 are women.
EcoE III expects to make 18 long-term capital investments, sized between USD 2 - 6 million, with an average duration of 6 - 8 years. EcoE III aims to create at least 5,000 jobs. Investments of EcoE III have already supported the livelihoods of 7,400 smallholders and the
The CFC invested in EcoE III at its first closure in late 2018. With FMO, BIO, Findev Canada and others as financiers, the projects aim to serve over 25,000 smallholders covering a land area of 4 million hectares under sustainable management.
IV.2 Active Projects in 2020 | 49
