Project detail - SEMBRAR SARTAWI INSTITUCION FINANCI

SEMBRAR SARTAWI INSTITUCION FINANCI

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Who is our client

Sembrar Sartawi is a privately owned Bolivia based Microfinance institution that focuses on the financing for rural and agricultural borrowers as well as urban microentrepreneurs in Bolivia. As of December 2020, it has total assets of USD 60 mln.

Funding objective

This facility, which has a USD 4mln committed tranche and a USD 2mln uncommitted tranche, is directed to the financing of agricultural micro-entrepreneurs in areas impacted by climate change, supporting economic growth and employment, reducing inequalities and climate action.

Why we fund this project

The facility encourages the expansion of access to financial services to agricultural microentrepreneurs in areas impacted by climate change, particularly needed after the Covid-19 emergency.

Environmental and social rationale

The client has been categorised as Category C in accordance with FMO’s Sustainability Policy. The Client’s activities are deemed to have minimal or no adverse environmental and social risks and/or impacts. As part of the transaction, Sartawi will continue to comply with Bolivian E&S laws and regulations.

More investments

Date Total FMO financing
9/16/2013 USD 2.00 MLN
7/31/2013 USD 3.00 MLN
Website client
http://www.sembrarsartawi.org
Region
Latin America & The Caribbean
Country
Bolivia
Sector
Financial Institutions
Signing date
3/11/2021
Total FMO financing
USD 4.00 MLN
Fund
DFCD Land Use Facility
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)
C