MARIS LIMITED
Status: Completed investmentWhy 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
FMO’s client is Maris Limited, one of FMO’s investee funds in Africa. FMO has supported Maris previously with CD funding.
What is our funding objective?
Maris has a commitment with its DFI investor(s) to further improve social and HuR risk management within the company’s portfolio. FMO aims to support this work thorough its CD program which entails: • Review of current social risks by external expert. • Development of detailed and targeted, topic-specific Social Management Plans (SMP). • Edit and add on to existing policies and procedures. • Provide training to implement new and updated policies.
Why do we fund this investment?
As an investor, FMO has as a priority to support its investee companies/funds to raise their ESG standards. This project is in line with such priority.
More investments
| Date | Total FMO financing |
|---|---|
| 8/2/2023 | EUR 0.15 MLN |
| 9/12/2019 | USD 10.20 MLN |
| 12/2/2020 | EUR 0.05 MLN |
| 1/30/2019 | EUR 0.05 MLN |
| 8/7/2014 | USD 5.00 MLN |
- Region
- Africa
- Country
- Kenya
- Sector
- Infrastructure, Manufacturing and Services
- Effective date
- 7/17/2020
- End date
- 10/13/2021
- Total FMO financing
- EUR 0.04 MLN
- Funding
- MASSIF
-
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