Farmerline Group
Status: Approved 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
Our customer is Farmerline, a Ghanaian Agri Tech company focused on providing smallholder farmers with quality inputs and market access through a network of local Agribusinesses. Their proposition is tailored to the Ghanian smallholder context and has a strong localized and educational component. They leverage their proprietary Mergdata farmer management platform to reach smallholder farmers in Ghana, while also providing this platform on a SaaS basis to corporates and developmental organizations active in the agricultural value chain.
What is our funding objective?
The funding objective is to support Farmerline with the evaluation and improvement of its 1) risk management function and 2) credit function.
Why do we fund this investment?
This project is funded through the Investee Strengthening component of the FMO Ventures Program Technical Assistance Facility, co-funded by the Dutch Government and European Commission. This component seeks to enable the Ventures Program investees to meet relevant standards, improve company performance efficiency and revenue, and increase the impact of their business. This project supports these objectives by significantly contributing to the investee operational effectiveness and amplifying its value-creation for smallholder farmers thereby contributing to FMO’s ambition to reduce inequalities (SDG 10).
More investments
| Date | Total FMO financing |
|---|---|
| 4/19/2022 | USD 3.00 MLN |
| 8/2/2023 | USD 1.00 MLN |
- Region
- Africa
- Country
- Ghana
- Sector
- Agribusiness, Food & Water
- Publication date
- 9/14/2023
- Effective date
- 8/22/2023
- Total FMO financing
- EUR 0.05 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) - B