MILAN INNOVINCY (FMO-53759)

Countries
  • Rwanda
Where the impacts of the investment may be experienced.
Financial Institutions
  • Netherlands Development Finance Company (FMO)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
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.
Voting Date
May 24, 2018
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
Milan Innovincy
The holder of the loan, grant, or other investment.
Sectors
  • Agriculture and Forestry
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 0.58 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 0.50 MLN
Converted using 2018-07-03 exchange rate.
Bank Documents
Primary Source

Original disclosure @ FMO website

Updated in EWS Jul 3, 2018


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Project Description

Milan Innovincy, a Dutch based technology company (to be incorporated) focusing on spatiotemporal computing.

FMO's funding objective is to support KYP to roll out its digital plot creation technology and further develop products that link plot data to geo-data and make plot-data relevant for service providers such as plantation managers, agri input suppliers, banks, and insurance companies.

The project is aligned with FMO's Seed MASSIF strategy using KYP which is an innovative market-based approach focused on smallholder farmers in Africa while using technology to increase food production and improve farm economics.

Investment Description
  • Netherlands Development Finance Company (FMO)
Contact Information

South Africa
+31 70 314 96 96
joburg-office@fmo.nl

ACCOUNTABILITY MECHANISM OF FMO

Communities who believe they will be negatively affected by a project funded by the Dutch Development Bank (FMO) may be able to file a complaint with the Independent Complaints Mechanism, which is the joint independent accountability mechanism of the Dutch Development Bank (FMO) and the German Investment Corporation (KfW) . A complaint can be filed in writing, by email, post, or online. The complaint can be filed in English or any other language of the complainant. The Independent Complaints Mechanism is comprised of a three-member Independent Expert Panel and it can provide either problem-solving, compliance review or both, in either order. Additional information about this accountability mechanism, including a guide and template for filing a complaint, can be found at: https://www.fmo.nl/independent-complaints-mechanism