FRONTIER INNOVATIONS FOUNDATION
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
Frontier Markets (FM) is a last-mile sales, marketing and after-sales service distribution company bringing clean energy products to rural India.
What is our funding objective?
Support access to finance for women microentrepreneurs active in the clean energy sector by setting up a working capital fund managed by FM.
Why do we fund this investment?
The project fully aligns with FMO’s and MASSIF’s impact objectives reducing inequalities by supporting financial product innovation for those currently excluded of financial and energy services, especially focusing on including women.
- Region
- Asia
- Country
- India
- Sector
- Energy
- Effective date
- 4/25/2018
- End date
- 12/29/2021
- Total FMO financing
- EUR 0.30 MLN
- Funding
- MASSIF