IDB Invest, a member of the IDB Group, has provided $3 million worth of financing for Main International Trading Company S.R.L (Mainter S.R.L.), a company that imports and distributes agricultural supplies in the main productive areas of Santa Cruz, Bolivia.
Photo: IDB Invest
By supporting Mainter’s growth through the financing of its imports of agrochemical inputs, the deal will improve the financing conditions for the purchase of agro-inputs for SME producers in general and women-led SME in particular. It will also contribute to the strengthening of the agricultural value chain, and will promote the dissemination of sustainable agricultural practices, as well as the adoption and transfer of new technology.
The 5-year deal will extend financing to Mainter for the importation of goods, which will be commercialized and financed for its clients. The resources from these financing will be applied for the payment of invoices and purchase orders originated from suppliers.
IDB Invest will provide technical advice to Mainter to improve its credit policies aimed at SME producers, to understand and optimally manage environmental, social and governance risks. There will be special emphasis on the origination and structuring of credit for agricultural inputs and including good practices to promote the inclusion of women in the credit-granting process. The technical advice has a second component aimed at strengthening the training processes for SME clients and producers, with a gender lens, on issues of good sustainable production practices, agricultural business management and use of technology.
This operation is expected to contribute to four of the Sustainable Development Goals (SDGs): Zero Hunger (SDG 2), Gender Equality (SDG 5), Decent Work and Economic Growth (SDG 8) and Responsible Consumption and Production (SDG 12).
This article was originally published by IDB Invest.