Kelley Grains: Small Business Loan Improves Food Security, Export Opportunities in Moldova
Sector: Agriculture, Food Processing
Challenge: Lack of a domestic grain terminal meant Moldovan businesses had to export their agricultural products from ports in neighboring Ukraine.
Solution: A 2007 loan supported by OPIC for the construction by Kelley Grains Corporation S. R. L. of a new grain loading terminal and an oilseed crushing facility. The OPIC-supported loan was made directly by WorldBusiness Capital Inc., a commercial finance company specializing in loans to small and medium-sized enterprises operating in emerging markets. Kelley Grains is part of the Trans Oil Group of companies, which is comprised of seven Moldovan companies that process and trade agricultural commodities, primarily sunflower seeds, barley, grain and corn.
Impact: This highly developmental project has greatly improved Moldova’s storage logistics and processing infrastructure while enabling Moldova’s agricultural businesses to take advantage of growing export markets. As of 2011, Kelley Grains has added 110 new jobs with health and retirement benefits exceeding local requirements. The project has also resulted in increased availability and quality of food supplies.
This project was profiled in 2011