Banco Rabobank International Brasil, S. A.
(Rabobank Brasil) operates chiefly in the agricultural sector; within this sector it has a substantial share of the SME market. The bank will onlend the proceeds of this IIC loan, directly or through cooperatives, in amounts ranging from $1 million to $1.5 million for terms of at least two-and-one-half years. The beneficiaries will include small and medium-size farmers that require financing for the acquisition of fixed assets or machinery originating from IIC member countries. The beneficiaries will receive more than triple the amount of funds provided by the IIC through the A Loan.
The loan will enable Rabobank Brasil to offer loans on terms that are more in line with its clients’ cash flows, which tend to be seasonal. The loan should also attract funding that otherwise would not be available for small and medium-size farmers—Rabobank Curação is participating in the B loan because it will benefit from the umbrella of the IIC A loan.
These loans should encourage other Brazilian banks to pay more attention to the agricultural sector, especially small and medium-size farmers in Brazil.
Rabobank Brasil has attended the IIC’s environmental seminars and courses and has an environmental management system in place.
Banco Rabobank International Brasil