GREENLAND FEDHA LIMITED
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
Greenland Fedha Limited (GFL) is a non-deposit taking microfinance institution fully owned by Kenya Tea Development Agency Holdings Limited (KTDA). Its core mandate is to provide affordable financial services, initially to small-scale tea farmers, and to increase access to financial services among the lower income and rural households in Kenya’s tea growing areas. GFL offers a range of loan products both for consumption and development. The company accepts green leaf as collateral for loans. The products have been segmented to suit different customer needs such as development loans, education loans and working capital/farm input loans. These are short-term products.
What is our funding objective?
The objective is twofold: i. To protect GFL staff from COVID-19 by providing Personal Protective Equipment for their safety. This will enable them to continue serving customers; ii. To protect KTDA's small scale tea farmers and their households through the support of income-generating activities that will enhance their livelihoods and income sources.
Why do we fund this investment?
FMO is funding this project because GFL will expand the ongoing response of the KTDA Group by contributing towards the bigger goal of combating the spread of COVID-19. GFL foresees to retain 118,000 clients and bring in new ones.
More investments
| Date | Total FMO financing |
|---|---|
| 6/19/2024 | USD 7.50 MLN |
| 6/19/2024 | USD 10.00 MLN |
- Website customer/investment
- http://www.ktdateas.com
- Region
- Africa
- Country
- Kenya
- Sector
- Financial Institutions
- Effective date
- 10/6/2020
- Total FMO financing
- EUR 0.10 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) - B