Loans

The UN body granted its firm direct loan to Nigerian impact enterprise Babban Gona, which has since received commitments worth $23m from other senior debt lenders.

Research associate Zoe Willingham says the government’s role in the Farm Credit System means lenders have a responsibility to help strengthen climate resilience of ag credit.

Managing director Jonathan Logan says the firm’s debt strategy is focused on the junior loans that few other lenders offer to US agribusinesses.

Loan applications under the €100 million vehicle are being secured to help dairy farmers expand sustainably after the abolition of the EU milk quota production scheme.

The fresh round of term loan financing agreed with Rabo AgriFinance will go to paying down debt maturing this year.

The new line of credit will finance LDC’s working capital needs in eight countries in Eastern Europe and North Africa.