THE MELOY FUND - I , GP LLC
Status: Approved investmentWhy disclosure?
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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?
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.
What is our 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 do we fund this investment?
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.
What is the Environmental and Social categorization rationale?
NA
More investments
| Date | Total FMO financing |
|---|---|
| 8/24/2022 | EUR 0.07 MLN |
- Region
- Asia
- Country
- Philippines
- Sector
- Agribusiness, Food & Forestry
- Effective date
- 12/18/2018
- Total FMO financing
- EUR 0.22 MLN
- Funding
- MASSIF