MLR FORESTAL DE NICARAGUA S.A.
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
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.
What is our funding objective?
FMO will support a Biodiversity assessment and related training for the client.
Why do we fund this investment?
FMO sees this as an opportunity to demonstrate, with the support of some of the most renowned experts, national and international, the efforts made by MLR in the enhancement of biodiversity, which would set a high benchmark for other forestry companies wanting to do business in this region, with extremely high deforestation rate.
More investments
| Date | Total FMO financing |
|---|---|
| 8/23/2022 | EUR 0.06 MLN |
| 12/6/2019 | USD 10.00 MLN |
- Region
- Latin America & The Caribbean
- Country
- Nicaragua
- Sector
- Agribusiness, Food & Water
- Effective date
- 3/1/2022
- Total FMO financing
- EUR 0.03 MLN
- Funding
- FMO NV
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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+