The EBRD is considering providing a 5-year working capital loan of up to USD 30 million for Desnagrain that the company will use to finance part of its working capital requirements to supply farms with necessary inputs such as certified seeds for malting barley and fertilizers and to buy grains and oilseeds at harvest.
The Bank's finance will support the Ukrainian farmers with the necessary inputs (certified seeds and appropriate fertilisers) and technical advice to ensure the production of high value malted barley. The Project links the cash being generated in the beer sector directly back to Ukrainian farming by creating the logical economic linkages including pre-financing to farmers. This will provide increased cash flow to continue restructuring of the sector. In addition, Desnagrain will work closely with farmers to improve the quality and yield of their crops through agronomic assistance and training. Farmers will to a large extent be able to apply these improved farming skills to their other productions, which will provide them with better overall returns and profitability.
Desnagrain Limited is a limited liability company registered in Ukraine and a 100% subsidiary of Champagne Cereales, (France).
USD 30million revolving working capital loan.
The project is screened C/1 and is not associated with any significant environmental impacts. The Company has completed an environmental and social questionnaire which has been reviewed and accepted by the Bank. The Company is involved in traditional activities as storage of grains and seeds production , therefore the environmental, health and safety issues associated with this project are very limited.The Company will be required to continue compliance with national environmental, health, safety, labour requirements, any applicable EU standards and to provide an annual report to the Bank
Polina Kredisova (CFO)
13 Pymonenko Str.
Business City Forum - Office 5B/11
04050, Kiev, Ukraine
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