Conservation International Foundation
Status: Approved 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?
Conservation International Foundation (CI), a US-based NGO dedicated to nature conservation, landscape restoration and biodiversity. FMO’s Forestry team is looking to set up a partnership with CI focused on knowledge sharing, origination/early lead sourcing and ESG and impact. This project will be a pilot for this partnership.
What is our funding objective?
FMO, through Building Prospects, will provide a repayable development contribution (RDC) to CI to support the development of the Amazon Restoration Company (ARC) in Peru. ARC is a native timber species greenfield plantation in its early development. The majority of the funds will be on-lent by CI to the ARC project to provide working capital to enable the project to continue its development activities and, hopefully, reach a financial close with prospective investors. The remaining funds will be used by CI to provide technical assistance to the project from its own expert staff.
Why do we fund this investment?
The primary objective is to examine if a possible partnership with CI is the right fit for FMO Forestry by doing a joint project. The secondary objective is further support an innovative forestry business model to scale and become investible for DFIs. There is a real financing gap for risk capital for early-stage forest and land use projects in tropical countries for ticket sizes around USD 1-5 million. CI is working with a number of such projects, so reallocating funds to one such project is both possible and potentially highly impactful for scaling investment in this sector. This is well aligned with FMO’s Market Creation strategy under the Forest and Land Use theme.
- Website customer/investment
- https://www.conservation.org/
- Region
- Latin America & The Caribbean
- Country
- Peru
- Sector
- Agribusiness, Food & Water
- Effective date
- 11/21/2022
- Total FMO financing
- EUR 1.33 MLN
- Funding
- Building Prospects