Agricover Credit secures $42 million funding from the IFC

Business Forum

4 April, 2025 at 7:07 PM

The IFC, part of the World Bank, is facilitating a financing package worth the equivalent of $42 million for Agricover Credit IFN, the non-bank financial institution specialising in agriculture.

The investment will expand access to finance for micro, small, and medium-sized enterprises (SMEs) in Romania's agricultural sector, with at least 50% of the funds allocated to women-owned SMEs.

"The IFC's investment will address one of Romania's most significant financing shortfalls, improving access to finance for farmers, particularly women, who face greater challenges in securing resources," stated Etleva Koka, the IFC's Manager for Financial Institutions in Europe.

"This partnership will enable farmers to invest in essential equipment and working capital, helping them remain resilient in the face of global challenges."

As part of this financing package, the IFC has mobilised a total of €20 million from the ILX Fund in Amsterdam, an asset manager for global development finance focused on the SDGs (Sustainable Development Goals), and from the German impact investor Invest in Visions.

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