Quick Facts

Countries:
Where the impacts of the investment may be experienced.
  • China
Banks:
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
  • Netherlands Development Finance Company (FMO)
Status: Signed
Bank Risk Rating: B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Board Decision Date: 2016-03-29
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower or Client: CHC Agriculture Development
The holder of the loan, grant, or other investment.
Sectors:
The service or industry focus of the investment. A project can have several sectors.
  • Agriculture and Forestry
Investment Amount (USD): $ 3.60 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD): $ 3.60 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.

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Primary Source

Original disclosure @ FMO website
Updated in EWS: 2017-08-01
VAN DEN BERG ASIA HOLDING LTD
FMO-45719

Project Description
Van den Berg Asia Holding Ltd. Hong Kong (VDB) successfully produces and markets top quality cut flowers and potted plants in the Yiliang valley in South West China since 2007. With 18 hectares of advanced greenhouses VDB grows roses, anthuriums and other flowers selling to over 200 distributors all over China Van den Berg will use the loan to set-up a new greenhouse complex in the Lufeng valley about 100 kilometers to the west of the city of Kunming. The proceeds will be used to build additional green houses, to install the steam infrastructure and lease land right. The funding of FMO will enable van den Berg Asia to further develop its activities in China. The financing is attractive because of the development impact created by the investment. The greenhouse will offer structural employment opportunities in a rural environment, offering an alternative for people who might otherwise migrate to the city. The new investment also enables the client to reduce its impact and footprint; the greenhouses will be heated by excess heat from a nearby factory.
Investment Description