MLR FORESTAL DE NICARAGUA, S.A
Status: Completed investmentWhy disclosure?
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In case of questions
In case of questions, please contact us at disclosure@fmo.nl
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
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.
What is our 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 do we fund this investment?
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 |
|---|---|
| 3/1/2022 | EUR 0.03 MLN |
| 12/6/2019 | USD 10.00 MLN |
- Region
- Latin America & The Caribbean
- Country
- Nicaragua
- Sector
- Agribusiness, Food & Water
- Effective date
- 11/2/2020
- End date
- 8/23/2022
- Total FMO financing
- EUR 0.06 MLN
- Funding
- 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+