IFC’s $2 million loan will help Kvarlis Baga purchase additional facilities and more than triple its daily fresh milk production from 3 tons to 10 tons, and make the firm Georgia’s leading fresh milk producer.
IFC has made agribusiness a priority because of its potential for broad development impact and especially strong role in poverty reduction. We combine investments and advisory services to help the sector address higher demand and escalating food prices in an environmentally sustainable and socially inclusive way.
IFC provides financial and advisory support to the agribusiness sector along the full value chain directly to companies and indirectly through intermediaries.
IFC adds value to clients through providing customized farm and company level advisory services that focus on sustainable resource management, supply chain management and raising corporate governance and business transparency standards.
IFC operates on a commercial basis. It invests in for-profit projects, fully shares risks with its partners, and charges market rates for its products and services.
IFC significantly scaled up its investments in agribusiness in the last few years. In FY2014, we invested $4 billion across the agribusiness supply chain—from farm to retail—to help boost production, increase liquidity, improve logistics and distribution, and expand access to credit for small farmers. At the end of the fiscal year, IFC’s overall agribusiness portfolio stood at $6.1 billion.