Through a US$65 million senior loan, Proparco will help UNIFIN further support projects in clean energy, energy efficiency, sustainable agriculture, and financial inclusion in Mexico.

FMO and Proparco announced today a USD 82.5 mln syndicated facility to support FMO’s long-standing customer Tiryaki Agro, one of Turkey’s leading agricultural commodity traders and supply chain managers. The syndication is led by FMO, the Dutch entrepreneurial development bank, which is committing USD 62.5 mln, with participation from Proparco, committing USD 20mln. The syndicated facility will refinance the DFIs’ existing loan with Tiryaki Agro, while increasing and extending their commitment to continue supporting the company with the working capital needed for its agribusiness operations worldwide.

Proparco and Incofin IM announce the successful first closing of the Incofin India Progress Fund (IPF) with over EUR 50 million of commitments. The fund will make private equity investments in the Indian agri food value chain and in financial inclusion for rural entrepreneurs in India. In addition to Proparco’s commitment the capital comes from a diverse set of private and institutional investors including Korys, CDC, the Belgian Investment Company for Developing Countries (BIO), the SDG Frontier Fund, the King Baudouin Foundation and several Belgian family offices.