Project detail - VAN DEN BERG ASIA HOLDING LTD

VAN DEN BERG ASIA HOLDING LTD

Status: Completed investment
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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

Van den Berg Asia Holding Ltd. Hong Kong (VDB) successfully produces and markets top quality cut flowers and potted plants in the Yiliang valley in South West China since 2007. With 18 hectares of advanced greenhouses VDB grows roses, anthuriums and other flowers selling to over 200 distributors all over China

What is our funding objective?

Van den Berg will use the loan to set-up a new greenhouse complex in the Lufeng valley about 100 kilometers to the west of the city of Kunming. The proceeds will be used to build additional green houses, to install the steam infrastructure and lease land right.

Why do we fund this investment?

The funding of FMO will enable van den Berg Asia to further develop its activities in China. The financing is attractive because of the development impact created by the investment. The greenhouse will offer structural employment opportunities in a rural environment, offering an alternative for people who might otherwise migrate to the city. The new investment also enables the client to reduce its impact and footprint; the greenhouses will be heated by excess heat from a nearby factory.

Website customer/investment
http://www.chcagri.com
Region
Asia
Country
China
Sector
Agribusiness, Food & Water
Effective date
3/29/2016
End date
6/3/2021
Total FMO financing
USD 3.60 MLN
Funding
Fund Emerging Markets
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