Project detail - THE MELOY FUND - I , GP LLC

THE MELOY FUND - I , GP LLC

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Who is our client

Our client is Meloy Fund I, GP, (“Meloy”) the world’s first impact investment fund dedicated to supporting sustainable coastal fisheries in Indonesia and the Philippines.

Funding objective

The funding objective to support Meloy is three-fold: i) a business and Corporate Governance training curricula, including training modules, in order to support its investees to develop the requisite coastal fisheries ecosystem needed to facilitate successful investments in the sector at scale, ii) to train small-scale fisheries on how to adopt better fishing techniques, iii) co-develop the first globally recognized protocol for Monterey Bay’s Seafood Watch certification, which will open up new markets to coastal communities and Meloy Fund investees.

Why we fund this project

We fund this project because it fits well with FMO’s farmer finance and MASSIF strategy to increase access to finance at the base of the Pyramid for small-scale fisheries.

Environmental and social rationale

NA

More investments

Date Total FMO financing
9/8/2020 EUR 0.07 MLN
Region
Asia
Country
Philippines
Sector
Agribusiness, Food & Water
Signing date
12/18/2018
Total FMO financing
EUR 0.22 MLN
Fund
MASSIF
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)