Green financing for agriculture:

Camposol secures US$400 million in financing to accelerate varietal replacement in blueberries and strengthen its agribusiness

Camposol secured a US$400 million financing package from IDB Invest, IFC, Rabobank, Scotiabank, and BBVA to boost varietal renewal in blueberries using its own genetics, improve avocado yields, and promote the adoption of sustainable agricultural technologies. The transaction, structured without land collateral, reinforces the company's position as a key player in Peruvian agricultural exports.

Camposol announced US$400 million in financing aligned with its strategic plan for growth, sustainability, and operational efficiency. The funds will support the implementation of its blueberry varietal replacement program—based on genetics developed in Peru—, improvements in avocado productivity, and the adoption and scaling up of sustainable agricultural innovations.

The package will also contribute to liability management and other general corporate purposes, strengthening the company's financial structure at a time when Peruvian agribusiness is seeking to consolidate its competitiveness in global markets such as the United States, Europe, and Asia.

Historical financing and growth roadmap

The transaction combines capital from commercial banks and multilateral institutions and was structured as a club deal without land collateral, reflecting the financial system's confidence in Camposol's operational strength and credit profile. The multilateral tranche includes two A/B loans—one from IDB Invest and the other from the International Finance Corporation (IFC)—for US$140 million each: in both cases, tranche A is US$100 million and tranche B is US$40 million, channeled through Rabobank, which is contributing a total of US$80 million.

In the case of IDB Invest, tranche A includes US$50 million from the TADAC funds, managed by the IDB Group in partnership with the Japan International Cooperation Agency (JICA) to promote sustainable development projects in Latin America and the Caribbean. The second tranche, provided by local banks, totals US$120 million, with BBVA and Scotiabank each contributing US$60 million, consolidating a long-term financing structure for the company.

© Camposol

Blueberries, avocados and formal employment in the center

The project includes direct investments in blueberry varietal renewal, avocado plantations, permanent working capital, and other corporate uses associated with sustainable growth. The goal is to accelerate the shift towards higher-yielding varieties with greater water efficiency, strengthening crop resilience to climate challenges and reinforcing Camposol's position in its main export categories.

It is expected that, as a result of this investment program, the company's export volume will grow by more than 30% between 2025 and 2030. In addition, the plan projects the creation of more than 2.500 direct jobs, with female participation exceeding the national average for the agricultural sector, consolidating the role of agribusiness as an engine of formal employment in rural areas of Peru.

Ricardo Naranjo, CEO Camposol © Camposol

Multilateralism, sustainability and long-term value

In addition to financing, IDB Invest will provide technical assistance through the implementation of an Environmental and Social Action Plan (ESAP), which includes studies on biodiversity, water management, prevention of workplace heat stress, and sustainable agriculture certifications. These actions are integrated into Camposol's sustainability roadmap, aimed at raising environmental and social standards throughout the entire production chain.

Camposol currently operates in Peru, Colombia, Uruguay, and Chile, with distribution offices in the United States, the Netherlands, and China, and supplies blueberries, avocados, mandarins, grapes, mangoes, and other products to more than 40 countries. The company is a member of the United Nations Global Compact, publishes GRI-aligned sustainability reports, and holds international certifications such as Global GAP, Rainforest Alliance, and BRC, in addition to social ethics assessments such as SMETA and GRASP. With this new financing, it reinforces its commitment to a high value-added, sustainable, and competitive agribusiness in the global berry and fresh fruit market.

Source
Camposol

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