Agriculture Financing Greece Eurobank Environmental Sustainability Youth

Investment & Fund Management

which provided an EU-guaranteed loan backed by the European Investment

Full Credential Description

Agrifarm, a Greek company in the agriculture and agro-food sector, faced significant challenges in securing financing to expand its operations and increase its capacity to meet growing demand. Founded in 2014, Agrifarm specializes in the collaborative production and standardization of agricultural products, particularly pulses and rice, using sustainable practices that minimize the use of fertilizers and pesticides. The company aims to transform the entrepreneurial culture in agriculture by promoting synergies and economies of scale, while also maintaining a strong commitment to environmental sustainability and social impact.

To address its financing needs, Agrifarm sought support from Eurobank, which provided an EU-guaranteed loan backed by the European Investment Fund (EIF) under the EU’s Investment Plan for Europe. This financial assistance was crucial for Agrifarm to secure supplies of raw materials and expand its partnerships, enabling the company to build a reliable supply chain in a market that is often unstable. The loan facilitated the company's growth and allowed it to continue its mission of providing expertise to farmers and exporting their produce to international markets, including the UK, US, Canada, and Italy.

As a result of this tailored financial solution, Agrifarm has not only increased its operational capacity but has also reinforced its commitment to social impact by supporting younger farmers and promoting sustainable agricultural practices. The average age of their farmers is 35, indicating a positive trend towards youth engagement in agriculture, which is essential for the sustainability of rural communities.