Grands Domaines du Katanga (GDK)

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BIO agreed upon a USD 1.35 million loan for Grands Domaines du Katanga (GDK) in the DRC to double the size of their existing corn plantation. With a maximum repayment term of nine years, the aim of the loan is to increase annual corn yield from 3,400 to 7,000 tonnes. In addition, the loan may contribute to the building of a flour processing plant; flour commands prices 20 percent higher than that of corn.

Development impacts:

  • Local economic growth: decrease of the country's dependency on imports
  • Food security and rural development: increased availability of food on local markets
  • Investment amount (€):

    € 1 M

    Corn

  • Contract signature :

    2009

  • Nature of intervention :

    Debt

  • Development impacts :

    • 1 — Local economic growth
    • 2 — Food security and rural development

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