Quick Facts

Where the impacts of the investment may be experienced.
  • Africa
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: Active
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: 2016-12-19
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: Amsterdam based BIX
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): $ 5.59 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.

Currency conversion note:
Bank reported USD 5.00 MLN
Converted using 2017-12-25 exchange rate.

Share This Page


Contact Us

Do you have more information on
this project, or want to get involved?
Contact EWS

Primary Source

Original disclosure @ FMO website
Updated in EWS: 2017-12-25

Project Description
WHO IS OUR CLIENT Amsterdam based BIX is a joint Shell Foundation / Cardano Development initiative aiming to increase access to essential household products and services (predominantly cookstoves, bio-digesters and water-purifiers) to the bottom of the pyramid, by providing impact-based pre-finance. FUNDING OBJECTIVE BIX provides finance in the value chain upfront in exchange for a preferential claim on the future impact certificate revenue (carbon credits) to redeem the funding. WHY WE FUND THIS PROJECT BIX uses an innovative and catalytic concept that monetizes the impact potential of the products when used on a regular basis at scale. Impacts can be environmental, such as reduced Greenhouse gasses (GHG), or even social, such as improved health and education, although methodologies on the latter still need to be further developed. The envisaged split of the BIX portfolio will be at least 70 percent Africa.
Investment Description
Contact Information
FMO South Africa +27 11 507 2500 joburg-office@fmo.nl
Bank Documents