Industrial Pesquera Santa Priscila Industrial Pesquera Santa Priscila S.A. (IPSP) is an integrated shrimp and tilapia producer with breeding, hatchery, and nursery facilities, several grow-out stages and areas, and processing and packaging plants for exporting to Europe, the United States, and China and other Asian nations. IPSP’s shrimp farms are extensive, low-density operations with ten to twenty shrimp per square meter that use a tilapia polyculture (tilapia-shrimp) system. With more than twenty years of experience in the industry, IPSP is one of Latin America’s largest producers of shrimp and tilapa and Ecuador’s third largest exporter. IPSP has successfully weathered several economic cycles in the industry, including challenges and problems in disease management, yields, and price volatility. IPSP has developed genetic selection programs yielding breeders and progeny that are tolerant to most known aquaculture pathogens. For its shrimp and tilapia harvests it has also developed a traceability system for each unit produced and exported from each pond, using technology, computers, and staff trained in biology and production processes. IPSP has HACCP certification from Ecuador’s fisheries authority, the Instituto Nacional de Pesca (INP), as well as quality certification under the Whole Foods Market Seafood Quality Standards. IPSP is a significant contributor to Ecuador’s social security agency, the Instituto Ecuatoriano de Seguridad Social.	The objective of this IIC operation is to enable IPSP to finance a portion of its 2011 fixed asset investments, primarily for upgrading its processing plants and making them more efficient, as well as investments in infrastructure, equipment, and materials for its production farms, and investments related to the environmental management plan. Industrial Pesquera Santa Priscila S.A. (IPSP) is an integrated shrimp and tilapia producer with breeding, hatchery, and nursery facilities, several grow-out stages and areas, and processing and packaging plants for exporting to Europe, the United States, and China and other Asian nations. IPSP’s shrimp farms are extensive, low-density operations with ten to twenty shrimp per square meter that use a tilapia polyculture (tilapia-shrimp) system. With more than twenty years of experience in the industry, IPSP is one of Latin America’s largest producers of shrimp and tilapa and Ecuador’s third largest exporter. IPSP has successfully weathered several economic cycles in the industry, including challenges and problems in disease management, yields, and price volatility. IPSP has developed genetic selection programs yielding breeders and progeny that are tolerant to most known aquaculture pathogens. For its shrimp and tilapia harvests it has also developed a traceability system for each unit produced and exported from each pond, using technology, computers, and staff trained in biology and production processes. IPSP has HACCP certification from Ecuador’s fisheries authority, the Instituto Nacional de Pesca (INP), as well as quality certification under the Whole Foods Market Seafood Quality Standards. IPSP is a significant contributor to Ecuador’s social security agency, the Instituto Ecuatoriano de Seguridad Social.	The objective of this IIC operation is to enable IPSP to finance a portion of its 2011 fixed asset investments, primarily for upgrading its processing plants and making them more efficient, as well as investments in infrastructure, equipment, and materials for its production farms, and investments related to the environmental management plan.