Samunnati Financial Intermediation & Services private Limited
Status: Completed 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
Samunnati Financial Intermediation and Services Pvt Ltd, an early stage agri value chain financier in India.
What is our funding objective?
Samunnati will be using the funding from FMO to on-lend to agribusinesses in the value chain.
Why do we fund this investment?
The loan to Samunnati achieves FMO’s goals of providing access to finance in the agri value chain. The Agri sector is characterized by low access to finance and the products offered by the traditional banking and NBFI sectors do not cater for the needs of the smallholder farmers or the agri companies. Samunnati aims to provide solutions to all players across the agricultural value chain by providing financial intermediation, market linkages and advisory services.
What is the Environmental and Social categorization rationale?
E&S category C, because of the small tenors/sizes of working capital loans to SME agri businesses and cooperatives supporting smallholder farmers the environmental risk is low.
More investments
| Date | Total FMO financing |
|---|---|
| 12/11/2020 | INR 448.00 MLN |
- Region
- Asia
- Country
- India
- Sector
- Financial Institutions
- Publication date
- 11/6/2018
- Effective date
- 12/8/2018
- End date
- 4/4/2023
- Total FMO financing
- INR 353.10 MLN
- Funding
- MASSIF
-
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) - C