Buen Manejo del Campo S.A. de CV
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
Buen Manejo del Campo S.A. de CV (operating under the name Sistema.bio), incorporated in 2010 in Mexico, is a company that designs, manufactures, distributes, sells, and finances a range of prefabricated and modular biodigesters plus related accessories to small- and medium-sized farms. The company is currently active in Mexico, Kenya, India, Nicaragua, and Colombia.
What is our funding objective?
The objective of the investment is to allow the company to continue its expansion and provide it with enough runway/working capital for the next four years.
Why do we fund this investment?
Sistema.bio provides smallholder farmers in rural areas access to a renewable source of energy (biogas), which can be used to replace fossil fuel and wood-fired cooking. Sistema.bio also provides biofertilizer (bioslurry), which can be used to increase crop yields and replace chemical alternatives. In addition, the replacement of wood and fossil fuels and chemical fertilizers, plus the efficient management of animal waste, mitigates GHG emissions and has significant health benefits. Moreover, the use of biogas reduces the time and labour burden of fuelwood collection. Combined, this contributes to increases in household productivity and potential cost savings, leading to socioeconomic empowerment and ultimately spurring economic growth. By providing a loan to Sistema.bio, FMO helps to close a financing gap and supports the company to expand into new markets and increase its social and environmental impact.
What is the Environmental and Social categorization rationale?
Sistema.bio is classified as risk category B. IFC PS 1,2,3 and 4 are applicable due to manufacturing of equipment, transport, and use of the biodigester. IFC PS5 is not applicable as no new land is needed. IFC PS6 is not applicable as there are no material negative impacts on biodiversity. IFC PS7 is not applicable as the due diligence did not indicate any specific impacts on Indigenous People and/or vulnerable groups. IFC PS8 is not applicable as due diligence did not reveal any impacts on cultural heritage including cultural objects or places of spiritual importance.
More investments
| Date | Total FMO financing |
|---|---|
| 11/17/2023 | USD 3.00 MLN |
| 12/18/2020 | USD 1.35 MLN |
| 12/18/2019 | USD 1.00 MLN |
- Website customer/investment
- http://sistema.bio/
- Region
- Africa
- Country
- Kenya
- Sector
- Energy
- Publication date
- 3/30/2023
- Effective date
- 11/17/2023
- Total FMO financing
- USD 4.00 MLN
- Funding
- AEF-I
-
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