Sembrar Sartawi Institución Financiera de Desarrollo
Status: Completed 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?
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.
What is our 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 do we fund this investment?
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.
What is the Environmental and Social categorization 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 |
|---|---|
| 3/4/2021 | USD 2.00 MLN |
| 3/3/2021 | USD 3.00 MLN |
- Website customer/investment
- http://www.sembrarsartawi.org
- Region
- Latin America & The Caribbean
- Country
- Bolivia, Plurinational State of
- Sector
- Financial Institutions
- Publication date
- 11/4/2020
- Effective date
- 3/11/2021
- End date
- 3/17/2025
- Total FMO financing
- USD 4.00 MLN
- Funding
- LUF
-
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