MIRO FORESTRY DEVELOPMENTS LIMITED
Status: Completed 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
Miro Forestry Company Ltd (Miro) is one of the largest forestry plantation companies in West Africa currently managing approx. 10,000ha planted. Miro develops and manages high quality, cost-competitive, FSC certified, fast growing industrial timber species (mainly eucalyptus and acacia) and is in the process of setting up downstream production facilities and market entries to capture the maximum value of the wood grown.
What is our funding objective?
The objective is to support Miro in increasing the awareness of workers and communities regarding the COVID-19 virus, provide access to hygiene and sanitation facilities at community level and to build the capacity of health clinics and service providers that Miro has started collaborating with.
Why do we fund this investment?
FMO is supporting this project because of its high impact on rural communities in Sierra Leone and Ghana. The project will benefit the company, its workforce and local communities.
More investments
| Date | Total FMO financing |
|---|---|
| 12/6/2021 | EUR 0.03 MLN |
| 5/20/2020 | USD 10.48 MLN |
| 5/20/2020 | USD 5.00 MLN |
| 9/14/2020 | USD 1.04 MLN |
| 8/24/2022 | EUR 0.20 MLN |
| 9/14/2020 | USD 12.60 MLN |
- Region
- Africa
- Country
- Ghana
- Sector
- Agribusiness, Food & Water
- Effective date
- 8/28/2020
- End date
- 8/24/2022
- Total FMO financing
- EUR 0.10 MLN
- Funding
- Building Prospects
-
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+