The provision of a US$ 4 million to loan to Arassa Rysgal, a Turkmenistan based producer of footwear. The funds will be used to invset into the construction of new production lines to manufacture slippers made of polyvinylchloride, sport footwear and polypropylene yarn. This will help the company diversify product range and contribute to its vertical integration.
The Project will enable Arassa Rysgal to both enhance its market position and improve the production efficiency through the introduction of polypropylene yarn, part of which the company will use to manufacture the footwear while selling the rest.
ETI score: 80
The DFF SME framework primarily targets the Competitive quality by helping the SMEs to restructure and to become more efficient or professional. Sub-projects can target any of the other transition qualities as the secondary objective. The majority of projects typically support the Well-governed quality by helping companies improve their financial management, or the Green quality by facilitating energy efficiency or environmental improvements.
ARASSA RYSGAL IE
Individual Enterprise "Arassa Rysgal", a legal private entity which runs a factory producing flip flops and slippers in the city of Mary, eastern Turkmenistan
EBRD Finance Summary
Senior secured debt of US$ 4.0m divided into two equal tranches.
Total Project Cost
US$4 million loan to finance both capex and working capital needs
Financing structure: The EBRD is offering financing that is not available from commercial sources on reasonable terms and conditions (longer grace period, FX financing, etc.)
Standard-setting: helping projects and clients achieve higher standards: Client seeks/makes use of the EBRD expertise in energy and resource efficiency and climate resiliencefinancing throught the provision of energy and climate audits, minimum performance standards of technologies, climate related strategies and policies, monitoring, reporting and verification systems etc.
Technical Cooperation and Grant Financing
Company Contact Information
2.5 kilometer of the north-eastern part of the Ashgabat-Mary bypass road, Gengeshlik Gyami, Ak Bugday etrap, Ahal velayat, Turkmenistan
PSD last updated
02 Aug 2021
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