THE MELOY FUND - I , GP LLC
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.
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
|Date||Total FMO financing|
|9/8/2020||EUR 0.07 MLN|
- Agribusiness, Food & Water
- Signing date
- Total FMO financing
- EUR 0.22 MLN
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)