KUMAGRO S.A.
Status: Completed 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
Co-borrowers Kumagro and IPSoy are part of the group of companies that enable the growth of GDM’s non-GM soybeans business.
What is our funding objective?
FMO’s funding will be used to as working capital for the trading of non-GM soy by Ipsoy.
Why do we fund this investment?
Currently, less than 2% of the world’s soybean production is certified sustainable. By supporting the Co-borrowers, FMO supports the increased availability of certified sustainable soybeans.
What is the Environmental and Social categorization rationale?
B+ because of supply chain risks. The following Performance Standards are applicable: • PS 1 – Assessment and Management of Environmental and Social Risks and Impacts • PS 2 - Labor and working conditions • PS 3 - Resource Efficiency and Pollution Prevention • PS 4 – Community Health, Safety and Security • PS 6 – Biodiversity Conservation and Sustainable Management of Living Natural Resources Performance Standard 5 (Land Acquisition and Involuntary Resettlement), Performance Standard 7 (Indigenous People) and Performance Standard 8 (Cultural Heritage) do not apply because the client will not acquire land for expansion, there are no indigenous people or cultural heritage sites present in the area of influence of the client.
More investments
| Date | Total FMO financing |
|---|---|
| 4/22/2022 | USD 7.50 MLN |
| 4/22/2022 | USD 5.00 MLN |
- Website customer/investment
- http://kumagro.com
- Region
- Latin America & The Caribbean
- Country
- Uruguay
- Sector
- Agribusiness, Food & Water
- Publication date
- 11/9/2018
- Effective date
- 4/8/2019
- End date
- 4/22/2022
- Total FMO financing
- USD 5.00 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+