COMERCIALIZADORA INTERNACIONAL CIECStatus: Completed investment
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Who is our customer
Comercializadora Internacional Ciecopalma S.A (Oleana) is Ecuador’s leading exporter of palm oil, representing approximately 25% of total Ecuador palm oil production and approximately 50% of the country’s crude palm oil (CPO) and palm kernel oil (PKO) exports. The group has over 50 years of history in the palm oil sector in Ecuador.
What is our funding objective?
The goal of the project is to achieve sustainable palm oil production among 2,000 small producers, covering an area of approximately 50,000 hectares in Ecuador. This will be achieved by a combination of awareness raising, training, assessments, use and collection of data and certification in line with the RSPO (Roundtable on Sustainable Palm Oil).
Why do we fund this investment?
The project is relevant for different FMO priorities: It will improve and develop the farming skills and production capacities of predominantly small farmers and will subsequently improve their livelihood. The production level of small holders per ha can easily be doubled by introducing Best Practices. Furthermore it will protect forest and high conservation areas.
What is the Environmental and Social categorization rationale?
- Website customer/investment
- Latin America & The Caribbean
- Agribusiness, Food & Water
- Effective date
- End date
- Total FMO financing
- EUR 0.13 MLN
- ForeignAffairs - CD
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)