Back to overview

Viru S.A.

Customer

Viru S.A. is a leading company in the Peruvian agribusiness sector offering fresh, canned and frozen products to the global markets. The company is part of Viru Group which also has operations in US and EU.

Funding Objective

DEG’s funding aims to finance permanent working capital derived from expected business growth.

Reasons for financing

The creation of formal jobs is still a major challenge in Peru. Viru is an important rural employer and holds Global Gap, BRC, ISO 14001 and other certifications. The company is a long-term strategic partner with high E&S standards. Several BSS measures over the last years have been implemented, together with DEG, for example, a Resource Efficiency Check (2014), Covid prevention measures and community support (2021), Integral Risk Management Framework (2023-2024) and a new Resource Efficiency Check with focus on carbon reduction framework (2024). There is high potential for additional BSS measures.

The project thus is expected to contribute in particular to the following Sustainable Development Goals (SDGs): “Decent Work and Economic Growth” (SDG 8), “No Poverty” (SDG 1) and “Zero Hunger” (SDG2).

DEG´s role will be to provide long-term financing working capital to an agribusiness company, supporting one of the highest growing economic activities in the country and an experienced customer. The investment contributes to DEG´s strategy of supporting SME in developing countries. The project supports German Business as the company is an important supplier to German companies in the food/retail sector.

Region Latin America
Country Peru
Sectors Agribusiness
Signing Date 02-2025
Funding EUR 22 Million
Investment Instrument Debt
Source of Funding DEG's own funds
Environmental & Social Category
Risk categorization on environmental and social impacts:
A = High risk; Investments with significant potential adverse social or environmental impacts that are diverse, irreversible or unprecedented. These impacts cannot be mitigated or remedied or only at significant costs.
B+ = High Medium Risk; Investments with limited potential adverse social or environmental impacts that are site-specific addressed through mitigation measures, but having specific features which can have potential significantly more adverse social or environmental impacts.
B = Low Medium Risk; Investments with limited potential adverse social or environmental impacts that are site-specific and readily addressed through well-known mitigation measures.
C = Low Risk; Investments with minimal or no adverse social or environmental impacts.
FI-A = Financial Institutions High Risk; Financial Institutions with business activities or projects with significant potential adverse social or environmental impacts or risks.
FI-B =Financial Institutions Medium Risk; Financial Institutions with business activities or projects with limited potential adverse social or environmental impacts or risks.
FI-C =Financial Institutions Low Risk; Financial Institutions with business activities or projects with minimal or no adverse social or environmental impacts or risks.

A/A
Domiciliation Peru
Website of the customer https://virugroup.com/
Further investments by year 2022;

Here you can find information on our new commitments at a glance. The information is published here once the contract has been signed with the customer and provided the customer has given consent. This works well: In the last two years we have published information on 90 percent of our commitments.