ACUMEN FUND INC. (FMO-57283)

Regions
  • Africa
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
Active
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
Dec 19, 2019
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
Acumen Fund Inc
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 Amount (USD)
$ 0.56 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 2019-12-19 exchange rate.
Bank Documents
Primary Source

Original disclosure @ FMO website

Updated in EWS Jul 23, 2020


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Project Description

The purpose of the Technical Assistance Facility (TAF) is to support ARAF’s investment strategy of building profitable, scaling, and socially responsible climate adaptive businesses that serve the base of the pyramid (BoP) markets, support greater gender integration through targeted technical assistance (TA) interventions and provide a financial return to ARAF and its investors. The TAF shall provide funding to the following types of TA projects: (1) Funding for Climate Adaptation Interventions, including gender specific initiatives, (2) BDS and Management/Employee Training projects, (3) Lean Data projects, and (4) TAF Support projects.

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

No contact information provided at the time of disclosure