The International Finance Corporation signed an agreement with Tonicorp S.A. to provide it with a USD 60 million loan. This loan will be used to construct a new dairy plant that will benefit small farmers that are crucial suppliers of Tonicorp and essential to Ecuador's sustainable development. The loan from IFC, which consists of USD 40 million directly from IFC's own account and USD 20 million from other investors, is part of IFC's long-running relationship with Tonicorp.

The proceeds will go towards constructing a facility that will allow Tonicorp to potentially triple its production capacity. The new plant, which will be located in the city of Guayaquil, will bolster Tonicorp's relationship with local dairy farmers who supply the company with the raw materials for its production. Tonicorp expect the new facility to meet increases in domestic demand for its products during the next five years while also exploring potential markets to export its products.