Project detail - ECO-BUSINESS FUND S.A., SICAV-SIF

ECO-BUSINESS FUND S.A., SICAV-SIF

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Who is our client

Our client is the open-ended debt fund called eco.business Fund.

Funding objective

The mission of this Fund is to promote business practices contributing to the sustainable use of natural resources and biodiversity conservation in the LAC region, through the provision of dedicated financing and technical assistance. The main product of the Fund will be senior loans to local financial institutions, which in turn will on-lend to businesses (e.g. coffee farmers, cacao producers, tourism entrepreneurs, foresters, pineapple processing companies) that are certified by sustainability standards (like FSC, Rainforest Alliance, UTZ, Fair Trade) or that seek funding for specific green projects (such as drip irrigation, native crops production). Priority sectors will be agriculture, fishery, forestry and tourism. The Fund will initially focus on highly bio-diverse countries like Colombia, Ecuador, Peru and countries in Central America.

Why we fund this project

The Fund allows FMO to contribute to biodiversity conservation and sustainable use of natural resources, which is essential for a world in 2050 in which 9 billion people live well and within the means of the planet’s resources.

More investments

Date Total FMO financing
11/17/2016 USD 7.58 MLN
11/17/2016 USD 7.58 MLN
Region
Latin America & The Caribbean
Country
Latin America & The Caribbean
Sector
Financial Institutions
Signing date
11/17/2016
Total FMO financing
USD 10.10 MLN
Fund
FMO
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