INCOFIN INVESTMENT MANAGEMENT
Status: Completed investmentWhy disclosure?
FMO is committed to making publicly available relevant investment information that informs stakeholders and enables them to engage directly with FMO on its investments which, in turn, enhances our investment decisions, the design and implementation of projects and policies, and strengthens development outcomes. Learn more
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
Incofin IM is a European based microfinance fund manager with more than USD 858 M under management is the fund advisor for Rural Impulse Fund (RIF) I and in RIF II in which FMO has invested and more recently invested USD 5 million to the Fair Trade Access Fund and committed recently USD 10 million to agRIF.
What is our funding objective?
to co-fund a 2-year project aimed to design, pilot and roll out an index-based agricultural microinsurance product for agricultural and rural (current and potential) entrepreneurs in rural Nicaragua.
Why do we fund this investment?
The creation of an index-based agricultural microinsurance product is a very innovative initiative especially for Latin America. This is in line with FMO’s strategy.
- Region
- Latin America & The Caribbean
- Country
- Nicaragua
- Sector
- Infrastructure, Manufacturing and Services
- Effective date
- 6/6/2017
- End date
- 1/30/2019
- Total FMO financing
- EUR 0.06 MLN
- Funding
- MASSIF