The International Finance Corporation (IFC), the private investment arm of the World Bank, is looking at extending a $100-million loan to Indonesia’s PT Kaldu Sari Nabati Indonesia (Nabati), a family owned snacks business, to fuel its expansion plans.
The new project aims to expand Nabati’s wafers, biscuits and snacks factory in Majalengka in West Java and is expected to cost $133 million of which $33 million is from internally generated cash while the rest is proposed to be financed by IFC.
