Formulation and fertilizer distribution for smallholder farmers - Côte d'Ivoire

Founded in 2010, AGRITEC S.A. is a distributor of agricultural inputs, including insecticides, herbicides, and fungicides, as well as equipment such as irrigation and spraying systems, based in Abidjan. The company has established a network of 60 sales outlets serving up to 300,000 farmers across the country and providing them with essential products to improve productivity. To improve access to fertilizers for smallholder farmers located in remote areas, AGRITEC sought to establish a dry bulk fertilizer blending and packaging facility in Yamoussoukro. In partnership with Coris Bank, the CFC provided a USD 1.1 million loan to finance capital expenditures associated with the construction of the facility and the purchase of related equipment. The investment was expected to deliver significant economic impacts by enabling access to agricultural inputs for up to 300,000 smallholder farmers, contributing to an increase of at least 25% in their net incomes through improved productivity and better market outcomes. 

The investment was also expected to support expanded production capacity, with output projected to reach 51,000 MT, while creating more than 120 new jobs and increasing average monthly income per job to approximately USD 360.

SDGs