MLR FORESTAL DE NICARAGUA, S.A
Status: Approved investmentWhy disclosure?
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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 sustainable and traceable Agro-Forestry company located in northeast Nicaragua. Plantings started in 2010 and to date the Company owns and manages 2,462 ha teak and 411 ha mixed cocoa/teak. MLR is committed to operate under the best practices and standards of the industry where all its plantations are FSC/ UTZ certified and includes 25% - 30% of conservation area.
What is our funding objective?
The proposed facility will allow MLR to maintain its current plantations, expand the plantations and build the associated commercial processing facilities.
Why do we fund this investment?
Risk capital for forestry is very scarce.
What is the Environmental and Social categorization rationale?
MLR Forestal de Nicaragua is a category B+ client. FMO’s preliminary environmental and social due diligence indicates that the investment may have impacts which must be managed in a manner consistent with the following Performance Standards: - PS 1: Assessment and Management of Environmental and Social Risks and Impacts; - PS 2: Labour and working conditions; - PS 3: Resource Efficiency and Pollution Prevention - PS 4: Community Health, Safety and Security; - PS 5 Land Acquisition and Involuntary Resettlement; - PS 6 Biodiversity Conservation; - PS 7 Indigenous People; and - PS 8 Cultural Heritage. FMO will periodically review the project’s compliance with the Performance Standards.
More investments
| Date | Total FMO financing |
|---|---|
| 3/1/2022 | EUR 0.03 MLN |
| 8/23/2022 | EUR 0.06 MLN |
- Region
- Latin America & The Caribbean
- Country
- Nicaragua
- Sector
- Agribusiness, Food & Water
- Publication date
- 8/16/2019
- Effective date
- 12/6/2019
- Total FMO financing
- USD 10.00 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+