SEMBRAR SARTAWI INSTITUCION FINANCI
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.
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.
|Date||Total FMO financing|
|9/16/2013||USD 2.00 MLN|
|7/31/2013||USD 3.00 MLN|
- Website client
- Latin America & The Caribbean
- Financial Institutions
- Signing date
- Total FMO financing
- USD 4.00 MLN
- 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)