IMPULSOR FONDO DE INVERSION CERRADO
Status: Completed investmentWhy disclosure?
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In case of questions
In case of questions, please contact us at disclosure@fmo.nl
Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
Impulsor FIC is a closed-end fund that provides mezzanine finance to medium-sized Bolivian companies that have the potential and interest to list securities on the Bolivian Securities Exchange. The fund is administered by Fortaleza SAFI, which is part of Fortaleza Group, a well-established Bolivian financial conglomerate specializing in SME finance since 1997.
What is our funding objective?
The funding is a USD 5 million participation from MASSIF, which makes up 14.68% of the total fund size. The life of the fund is 8 years with two possibilities of a two-year extension. Fortaleza is keen on including commercially oriented investors such as FMO in their funds. All participants are allowed to invest up to 50% of the total fund size.
Why do we fund this investment?
SMEs are not fully serviced by banks or private equity funds in Bolivia. By filling this gap, Impulsor is an innovative fund with high potential for generating development impact. Fortaleza has a strong preference to involve international DFIs in their funds in order to learn from the experience of these entities.
- Website customer/investment
- http://www.grupofortaleza.com.bo
- Region
- Latin America & The Caribbean
- Country
- Bolivia
- Sector
- Financial Institutions
- Effective date
- 9/12/2012
- End date
- 12/29/2020
- Total FMO financing
- BOB 35.59 MLN
- Funding
- MASSIF
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Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - B