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Operations

2 Case Study

FIPEISF - Agribusiness
Account - DFF Taze Ay Meat
Product Company

Private institutions and agricultural companies in Turkmenistan received capital
and consultation services from the TaiwanICDF and EBRD, allowing them to
gradually align themselves to the global market.

In response to the UN Sustainable improvement in terms of technology achieve ISO 22000 certification. For
Development Goals (SDGs) and economic scale. Therefore, the local consumers, supply of high-quality
for sustainable agriculture, the FIPEISF-Agribusiness Account lending meat products can replace imports
TaiwanICDF and EBRD established program focuses on assisting SMEs and tailor the flavor to suit local tastes
the Financial Intermediary and Private to gain momentum for growth through at affordable prices, providing local
Enterprises Investment Special Fund reinforcing investments, ultimately residents with high variety and high
- Agribusiness Account program driving forward Turkmenistan’s quality choices. The new equipment
to provide funding to SMEs in the economic reform. also enhances meat-curing efficiency
agribusiness sector in EBRD’s member The Turkmenistan financial sector and ensures that the products meet
countries and assist them to improve is dominated by state banks which export standards, which will help
operational efficiency. The ultimate do not offer financial services to the the company access markets in
goal is to enhance the effectiveness private sector, and there are only a Kazakhstan and Russia and earn
of agricultural value chains in Central/ limited number of commercial banks in foreign exchange.
Eastern Europe, Central Asia and the country. In view of this situation, the In addition to financing, EBRD
countries on the Mediterranean coast, TaiwanICDF and EBRD departed from provided business advice to
and strengthen food supply capacity the past practice of providing loans to assist Taze Ay to improve product
through consolidating upstream SMEs through relending by the local quality, food safety and company
and downstream processes of food financial institutions and switched to management, helping the company
production to promote sustainable direct lending to the private sector achieve international standards in
and long-term food development and with technical assistance. Taze Ay, a quality, in alignment with the target of
security. local meat supplier and bakery, was the FIPEISF-Agribusiness Account to
supported through this approach. strengthen agribusiness value chains.
Providing direct lending and Located in Mary City, south of
technical assistance Turkmenistan, Taze Ay was founded
Agricultural production accounts for in 2005 by three brothers and
26 percent of Turkmenistan’s GDP and began receiving loans and technical
plays an important role in the country’s assistance from EBRD in 2013.
socio-economic development. Gradually, the company developed
However, the influence of state-owned into a leading meat supplier in the
farms from the Soviet Union period country. In 2016, Taze Ay once
persists. Crops, including cotton, again applied to the TaiwanICDF and
wheat, beetroot and rice, are cultivated EBRD for loans to purchase new
by state farms and associations. Other meat processing equipment, expand 25 %
products, like meat, dairy products, logistics, warehousing and refrigeration
fruits and vegetables and processed facilities, and provide capital for Increase in production
products, on the other hand, are operations. This upgrade effectively capacity
mainly produced by the private helped the company to increase
sector, which opens opportunities for production capacity by 25 percent and

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