Debt financing
Agri-commodities player ECOM Group raises $75-M from JICA, ADB
ECOM Agroindustrial Corp Ltd has raised a USD 75 million loan from the Japan International Cooperation Agency (JICA), co-financed by the Asian Development Bank (ADB). This marks JICA’s first exclusive working capital loan.ECOM is a global integrated supply chain merchant and processor of agricultural commodities specialising in coffee, cocoa, and cotton.The new funds will be used to support Asia’s agricultural and food supply chain, especially the small coffee growers in countries including India and create employment opportunities for small-scale farmers in the Asia-Pacific region. The project will also support growers in Indonesia, Papua New Guinea and Vietnam.
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