Project detail - MLR FORESTAL DE NICARAGUA, S.A

MLR FORESTAL DE NICARAGUA, S.A

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Who is our client

MLR Forestal de Nicaragua S.A. is a company focused on agro-forestry development, mostly planting Teak and Cocoa within the Bonanza and Siuna regions of the Caribbean Coast Autonomous Region of Nicaragua. MLR Forestal is the main employer in the Siuna region and is FSC certified. The project intends to develop a responsible forestry sector in Nicaragua, involving local communities in a sustainable agro-forestry system.

Funding objective

The objective of this project is to support the communities in which MLR Forestal operates and employees by: (i) securing food and sanitation products for children and the most vulnerable; (ii) supporting the indigenous populations in the area of Bonanza with the provision of food and sanitation packages and prevent them from leaving their ancestral territories; (iii) offering support to the most vulnerable during the isolation period in the pandemic; (iv) supporting the local health centres with disinfection products, PPEs, portable hand washing devices, in order to ensure the highest degree of protection to the health staff; (v) ongoing awareness and information campaign.

Why we fund this project

With this project FMO expects to support MLR Forestal, its employees and surrounding communities by ensuring access to food and health care services for the most vulnerable.

More investments

Date Total FMO financing
12/6/2019 USD 10.00 MLN
Region
Latin America & The Caribbean
Country
Nicaragua
Sector
Agribusiness, Food & Water
Signing date
11/2/2020
Total FMO financing
EUR 0.06 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+