Add us as your preferred source on Google to see more of our content in Search.
Add to Preferred SourcesPeru is one of Latin America’s emerging economies. Its economy is growing steadily, with the agricultural sector being one of the fastest developing sectors of the economy.
DEG – Deutsche Investitions- und Entwicklungsgesellschaft mbH is now providing the agricultural company Agricola Pampa Baja S.A.C.with a long-term loan of USD 20m, which will be used mainly for growth investments. Other investors are the Dutch development bank FMO and IDB – Inter-American Investment Corporation.
Pampa Baja is a family-run company that produces and markets fruits, vegetables, and milk. With the financing provided, Pampa Baja will expand its cultivated areas for vegetables and establish a production site in the Olmos region of northern Peru.
“With its financing and advisory services, DEG enables private companies to grow in a developmentally effective way. It is our pleasure to accompany Pampa Baja on this path”, said Monika Beck, member of DEG’s Management Board, on the occasion of the signing of the contract.
DEG has been active in Peru for a long time and also has a representative office for the Andean region there since 2007. Further DEG locations in Latin America are in Mexico and Brazil. In 2017 DEG additionally opened a “German Desk” in Lima, which serves as a central point of contact for German and local companies that wish to start business in Peru or expand their activities.
Original source: KfW
Published on 2 November 2018