Project detail - YALELO LIMITED

YALELO LIMITED

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Who is our client

Yalelo is an aquaculture organization that sustainably produces, distributes, and markets fish mostly in Zambia. Yalelo’s mission is to produce an abundant supply of affordable protein for the African continent. Yalelo has retail outlets throughout Zambia, distribution centres in Lusaka and Kitwe, corporate offices in Lusaka, and an aquaculture production facility in Siavonga.

Funding objective

The objective is to support Yalelo’s Covid-19 response strategy.

Why we fund this project

As part of FMO’s Covid-19 Response Package, the Emergency Grant Facility supports FMO’s customers to adapt or scale their business models to provide vital goods and services to help employees, workers, and communities cope with the pandemic, and to support customers’ business continuity efforts.

More investments

Date Total FMO financing
4/12/2019 USD 2.50 MLN
4/12/2019 USD 8.00 MLN
Region
Africa
Country
Zambia
Sector
Agribusiness, Food & Water
Signing date
9/17/2020
Total FMO financing
EUR 0.10 MLN
Fund
Building Prospects
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)
B+