ECO-BUSINESS FUND II SUB-FUND
Status: Approved investmentWhy disclosure?
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In case of questions
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
Eco.business II Sub-Fund (“EBF II”) is an open ended debt fund that aims to promote ecologically sustainable businesses, with a special focus on fighting deforestation in Sub-Saharan Africa, through the provision of dedicated financing and technical assistance. The eco.business II Sub-Fund was initiated by Germany’s KfW Development Bank with financial support from the German Federal Ministry for Economic Cooperation and Development (BMZ). The Fund is managed by Finance-In-Motion.
What is our funding objective?
FMO will invest in senior shares. The funds will be on-lent to local financial institutions that target sustainable businesses/projects (i.e. certified or identified as green). In addition, the Fund looks to set up strategic partnerships with commodity buyers to finance smallholders and also to finance high impact projects directly. Priority sectors will be sustainable agriculture, fishery, forestry and tourism.
Why do we fund this investment?
FMO’s investment in EBF II will contribute to biodiversity conservation and sustainable use of natural resources, which is directly in line with SDG 13. Being one of the first investors, FMO’s stamp of approval is expected to attract additional investors to the Fund.
What is the Environmental and Social categorization rationale?
Based on the expected portfolio composition, the investment has been categorised as Category B, in accordance with FMO’s Sustainability Policy.
More investments
| Date | Total FMO financing |
|---|---|
| 12/1/2023 | USD 20.00 MLN |
- Region
- Africa
- Country
- Africa
- Sector
- Financial Institutions
- Publication date
- 11/5/2019
- Effective date
- 6/29/2020
- Total FMO financing
- USD 10.00 MLN
- Funding
- FMO NV
-
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