SEEDS FOR PROGRESS 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?
Seeds for Progress is the foundation of FMO´s client MERCON, which is a global, green coffee supplier.
What is our funding objective?
This project combines and scales up measures against COVID-19. It is composed of 3 main actions: 1) Communication and awareness, 2) Education, 3) Provision of safety kits.
Why do we fund this investment?
This project will reach 4,000 small farmers, 12,220 family members, 77,278 temporary workers and 4,769 children. The target groups are small coffee farmers, plus their families and rural workers. The project does not discriminate anyone in the supply chain and will provide support to all age groups and genders.
More investments
| Date | Total FMO financing |
|---|---|
| 6/8/2022 | EUR 0.22 MLN |
- Region
- Latin America & The Caribbean
- Country
- Nicaragua
- Sector
- Agribusiness, Food & Water
- Effective date
- 9/3/2020
- End date
- 8/25/2021
- Total FMO financing
- EUR 0.10 MLN
- Funding
- MASSIF