Saloglu Holding Llc Tender

Project ID: 56292
Status: Passed Concept Review, Pending Final Review
Location: Azerbaijan
Business Sector: Manufacturing and Services
Notice Type: Private
Environmental Category: B
Approval Date: 01 Jul 2025
Disclosure date: 02 Jul 2025
Project Description
Provision of a senior loan of up to USD 7.0 million in AZN equivalent (the "Loan") in favour of Saloglu Holding LLC, a local furniture manufacturer and distributor, with proceeds to be used for capital expenditures and working capital needs. The Loan will be split into a committed tranche of USD 4.0 million and an uncommitted tranche of USD 3.0 million.

Transition Impact
ETI score: 80

The DFF SME framework primarily targets the "Competitive" quality by helping SMEs to restructure and become more efficient or professional. Sub-projects can target any of the other transition qualities as secondary objective. This Project is supporting framework objectives by supporting an SME in the following areas: (i) "Competitive": the sub-operation is expected to improve both productivity and profitability of the client through targeted investments in production capabilities and retail infrastructure, and (ii) "Resilient": the sub-operation enhances the Company's financial resilience through long-term local currency financing.