ACUMEN FUND 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
The client is Acumen Fund Inc. Acumen set up Acumen Capital Partners in 2008. ACP closed the Acumen Resilient Agriculture Fund, LP in 2019. It is the first, climate adaptation focused investment fund for smallholder farmers in Africa.
What is our funding objective?
The purpose of the Technical Assistance Facility (TAF) is to support ARAF’s investment strategy of building profitable, scaling, and socially responsible climate adaptive businesses that serve the base of the pyramid (BoP) markets, support greater gender integration through targeted technical assistance (TA) interventions and provide a financial return to ARAF and its investors. The TAF shall provide funding to the following types of TA projects: (1) Funding for Climate Adaptation Interventions, including gender specific initiatives, (2) BDS and Management/Employee Training projects, (3) Lean Data projects, and (4) TAF Support projects.
Why do we fund this investment?
This project is highly aligned with FMO’s strategy to improve access of finance to smallholders, and to increase climate-resilience.
More investments
| Date | Total FMO financing |
|---|---|
| 12/19/2019 | EUR 2.50 MLN |
- Website customer/investment
- https://acumen.org/
- Region
- Africa
- Country
- Africa
- Sector
- Energy
- Effective date
- 12/19/2019
- Total FMO financing
- EUR 0.50 MLN
- Funding
- MASSIF