Quick Facts

Countries:
Where the impacts of the investment may be experienced.
  • Nicaragua
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: Approved
Bank Risk Rating: U
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: 2017-06-06
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: Incofin Investment Management
The holder of the loan, grant, or other investment.
Sectors:
The service or industry focus of the investment. A project can have several sectors.
  • Finance
  • Industry and Trade
Investment Type(s): Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD): $ 0.07 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 EUR 0.06 MLN
Converted using 2017-06-06 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: 2017-07-25
INCOFIN INVESTMENT MANAGEMENT
FMO-51773

Project Description
This investment aims to to co-fund a 2-year project aimed to design, pilot and roll out an index-based agricultural microinsurance product for agricultural and rural (current and potential) entrepreneurs in rural Nicaragua. The FMO is involved in this project because they believe that "the creation of an index-based agricultural microinsurance product is a very innovative initiative especially for Latin America. This is in line with FMO's strategy."
Investment Description
Incofin IM is a European based microfinance fund manager with more than USD 858 M under management, with management and investment in several rural and agriculture focused funds. The FMO will invest EUR 0.06 million in this project through their MASSIF fund.
Contact Information
info@fmo.nl