GAJAM GROUP LIMITED
Status: Approved 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
Gajam Group Limited UK, operating under the brand name Dharma Life (“DL”), is an India based social impact enterprise targeting the Base of the Pyramid (BoP) through an entrepreneurship model and by selling products including solar lamps and cooking stoves to rural households in India.
What is our funding objective?
Through this development contribution, FMO aims to support DL to build their capabilities in three interrelated areas: i) strengthening Client Protection Principles, ii) enhancing the core finance function and Enterprise Resource Planning (ERP) compliance and iii) improving the credit risk management.
Why do we fund this investment?
To make FMO’s working capital facility sustainable in the long term and to keep up with DL’s growth potential, there is the need to review and update DL’s financial policies and processes to identify potential gaps and (client protection) risks and align them with the latest standards and best-practices.
More investments
| Date | Total FMO financing |
|---|---|
| 10/19/2020 | EUR 1.20 MLN |
- Region
- Asia
- Country
- India
- Sector
- Energy
- Effective date
- 11/14/2022
- Total FMO financing
- EUR 0.10 MLN
- Funding
- AEF-I
-
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) - C