Project detail - LAAD AMERICAS N.V.

LAAD AMERICAS N.V.

Status: Approved investment
Back to map

Why disclosure?

FMO is committed to making publicly available relevant investment information that informs stakeholders and enables them to engage directly with FMO on its investments which, in turn, enhances our investment decisions, the design and implementation of projects and policies, and strengthens development outcomes. Learn more

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

LAAD Americas NV (“LAAD”) is an existing client of FMO since 2004 and as non-deposit taking financial institution provides medium- and long-term financing to agribusiness SME’s in Latin America and the Caribbean.

What is our funding objective?

To continue the growth of the agri portfolio that mainly consists of export-oriented SME's throughout Latin America and the Caribbean.

Why do we fund this investment?

LAAD’s line of business fits perfectly with FMO’s Agri and FI’s SME strategy as LAAD’s activities have a positive effect on stimulating rural development, strengthening global food security and promoting environmental sustainability through funding of SMEs. LAAD contributes to job creation in rural areas, which have proportionately higher poverty rates. LAAD created 10,940 jobs through its activities in 2018. As a non-deposit taking financial institution, LAAD relies on DFI’s for part of its long-term funding. Through LAAD, FMO is able to support the agri-SME segment that FMO cannot finance directly.

What is the Environmental and Social categorization rationale?

LAAD has been categorized as FI-A financial institution. In exceptional cases, LAAD finances new farm development, which has an elevated risk profile, which qualifies LAAD as an FI-A risk financial institution. LAAD has implemented a robust Environmental and Social Management System (ESMS) including advanced analysis using GIS (Geographic Information System) of new clients. The ESMS is under periodic review and continuous improvements.

More investments

Date Total FMO financing
8/5/2022 USD 40.00 MLN
7/16/2020 USD 48.00 MLN
3/18/2016 USD 22.00 MLN
1/19/2021 USD 25.00 MLN
Website customer/investment
http://www.laadsa.com
Region
Latin America & The Caribbean
Country
Latin America & The Caribbean
Sector
Financial Institutions
Effective date
7/16/2020
Total FMO financing
USD 4.00 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)
A