Quick Facts

Where the impacts of the investment may be experienced.
  • Latin America and Caribbean
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: Approved
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: 2016-11-17
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: ECO-BUSINESS FUND S.A.
The holder of the loan, grant, or other investment.
The service or industry focus of the investment. A project can have several sectors.
  • Finance
Investment Amount (USD): $ 10.10 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): $ 25.26 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: 2017-08-15

Project Description
FROM THE FMO: WHO IS OUR CLIENT Our client is the open-ended debt fund called eco.business Fund. FUNDING OBJECTIVE The mission of this Fund is to promote business practices contributing to the sustainable use of natural resources and biodiversity conservation in the LAC region, through the provision of dedicated financing and technical assistance. The main product of the Fund will be senior loans to local financial institutions, which in turn will on-lend to businesses (e.g. coffee farmers, cacao producers, tourism entrepreneurs, foresters, pineapple processing companies) that are certified by sustainability standards (like FSC, Rainforest Alliance, UTZ, Fair Trade) or that seek funding for specific green projects (such as drip irrigation, native crops production). Priority sectors will be agriculture, fishery, forestry and tourism. The Fund will initially focus on highly bio-diverse countries like Colombia, Ecuador, Peru and countries in Central America. WHY WE FUND THIS PROJECT The Fund allows FMO to contribute to biodiversity conservation and sustainable use of natural resources, which is essential for a world in 2050 in which 9 billion people live well and within the means of the planet's resources.
Investment Description
The FMO is providing USD 10.10 million in financing to the Fund for this project, in addition to two other USD 7.58 financing projects for the Fund.
Contact Information
FMO The Netherlands +31 70 314 96 96 info@fmo.nl