Investor Presentaiton

Case Studies - Agribusiness BAN: Second PRAN Agribusiness Project T Client: Sylvan Agriculture Limited (SAL) ADB Assistance: $14.2m loan Key Features: ADB's loan will support SAL's expansion into potato chips, potato flakes, and pasta through the financing of new processing facilities located in Habiganj Industrial Park. SAL will procure potatoes under contract farming arrangements and provide secure income to 2,000 smallholder farmers. The project will promote inclusive business given the high poverty reduction impact at both farming and factory levels. The project will also achieve effective gender mainstreaming through the adoption of a gender action plan. The project is a repeat assistance to SAL, whose existing starch and liquid glucose manufacturing facilities (procuring cassava from contract farmers) were also financed by ADB in 2012. SAL is owned by PRAN-RFL Group, one of the largest manufacturing groups in Bangladesh and the market leader in food products. It has been developing farmer engagement through contract farming since the 1990s. PRAN has contracted about 100,000 farmers across various crops, from whom it procures for its various agribusinesses. ADB's Value Addition: Provide long-term US dollar funding, which is not readily available in Bangladesh. Promote higher environmental and social standards through compliance with ADB's policy requirements. Promote gender equality through a gender action plan which includes creation of job opportunities for women and assistance to women contract farmers through technology-based applications. Approval Date: 10 December 2018 Commitment Date: 19 March 2019 7 October 2019 77 ADB

View entire presentation