Supporting inclusive and resilient agri-finance in Romania

Agricover Credit is a Romanian non-bank financial institution specialised in providing tailored financing solutions to farmers, including working capital and investment loans.

ILX participated with a B-loan syndicated by IFC that supports Agricover’s lending to agricultural SMEs, with at least 50% of proceeds directed to women-owned SMEs. The longer-term funding helps the company provide more funding for precision farming equipment. The transaction also promotes inclusiveness for farmers and women-owned farms/agri-SMEs, while supporting the capacity of SMEs in the agricultural sector to sustain operations amidst droughts and spillovers from Russia’s invasion of Ukraine on the economy. Additionally, this investment will help address Romania’s significant gender gap by promoting market inclusiveness.