LIQUIDSEAL FRUITS B.V. (FMO-56829)

Regions
  • World
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.
Project 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.
Borrower
Liquidseal Fruits BV
The holder of the loan, grant, or other investment.
Sectors
  • Agriculture and Forestry
  • Industry and Trade
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)
$ 0.14 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 0.13 MLN
Converted using 2019-10-23 exchange rate.
Primary Source

Original disclosure @ FMO website

Updated in EWS Nov 11, 2019

Disclosed by Bank Oct 23, 2019


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Project Description

FMO funding will support the expansion of Liquidseal Fruits, a Dutch start-up which has invented an eco-friendly packaging (biodegradable and compostable) which enables to reduce food wastage up to 40%.  Liquidseal Fruit is one of the winners of FMO's Finture Solutions 2019 innovation challenge. Finture Solutions aims to scale start-up businesses that have a positive impact in emerging markets.

According to the project description provided, "[t]he identified risks/impacts of Liquidseal's business activities are limited and can be readily addressed through mitigation and a Liquidseal is already taking some important steps to mitigate them. Presently, there is no expectation that Liquidseal's business activities will trigger human rights issues. The project could potentially be considered a green project given its high waste reduction profile."

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

*Project contact information is not provided at the time of disclosure.*

 

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