Yola Fresh Inc.
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
YoLa Fresh Inc. is a tech-enabled supply chain platform aiming to streamline the fresh fruit and vegetables sector in Morocco and across Africa, building an efficient distribution platform between farmers and retailers.
What is our funding objective?
An equity investment is contemplated that will support the Company’s operational expenses during its expansion.
Why do we fund this investment?
The Company leverages technology to set up an integrated and efficient distribution platform in Africa's fragmented fresh fruits and vegetable sector. Ultimately, reducing food waste and improving the circumstances for both smallholders and retailers.
What is the Environmental and Social categorization rationale?
This is a Category B project on Environmental and Social Sustainability due to low environmental and social (E&S) risks associated with the secondary and tertiary agriculture activities of a small enterprise.
- Website customer/investment
- https://www.yolafresh.com/
- Region
- Africa
- Country
- Morocco
- Sector
- Agribusiness, Food & Water
- Publication date
- 2/16/2024
- Effective date
- 4/3/2024
- Total FMO financing
- USD 1.00 MLN
- Funding
- Ventures Program Africa EurNb
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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