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Supporting the growth and green initiatives of T&C Garments in Egypt

Project

factory
©TCGarments
Signature date
Location
Egypt
Financing tool
Financing amount (Euro)
18021265
Financing details
USD 20m loan
Customer
T & C Garments S.A.E.
Type of customer
Company
Country of headquarters
Egypt
Project number
PEG1044
Environmental and social ranking
B+
Climate co-benefits
Project with climate co-benefits

This information is given at the time of signature, without prejudice to any developments in the operation/project.

Proparco is providing a loan to support the growth of T&C Garments by financing a doubling of its production capacity. It is also helping the Group launch two green initiatives: to improve water filtration combined with the installation of a wastewater recycling system, and install solar panels on the roofs of two of the factory’s buildings.