BIX CAPITAL B.V.
Status: Approved 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
Amsterdam based BIX is a joint Shell Foundation / Cardano Development initiative aiming to increase access to essential household products and services (predominantly cookstoves, bio-digesters and water-purifiers) to the bottom of the pyramid, by providing impact-based pre-finance.
What is our funding objective?
BIX provides finance in the value chain up‐front in exchange for a preferential claim on the future impact certificate revenue (carbon credits) to redeem the funding.
Why do we fund this investment?
BIX uses an innovative and catalytic concept that monetizes the impact potential of the products when used on a regular basis at scale. Impacts can be environmental, such as reduced Greenhouse gasses (GHG), or even social, such as improved health and education, although methodologies on the latter still need to be further developed. The envisaged split of the BIX portfolio will be at least 70 percent Africa.
- Website customer/investment
- http://www.cardanodevelopment.com/initiatives/bix-capital/
- Region
- Africa
- Country
- Africa
- Sector
- Financial Institutions
- Effective date
- 12/19/2016
- Total FMO financing
- USD 5.00 MLN
- Funding
- AEF-I
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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