Stichting Hivos-Triodos Fonds (FMO-64519)

Regions
  • Africa
  • East Asia and Pacific
  • Latin America and Caribbean
  • South Asia
Geographic location 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
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
B
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Jul 24, 2025
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
Stichting Hivos-Triodos Fonds
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Agriculture and Forestry
  • Energy
  • Finance
  • Industry and Trade
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Equity
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 20.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Media Documents
Primary Source

Original disclosure @ FMO website

Updated in EWS Oct 14, 2025

Disclosed by Bank Feb 28, 2025

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

As stated on the project disclosure page, with FMO's financing, Stichting Hivos-Triodos Fonds will further expand its portfolio of investments. By investing in the Stichting Hivos-Triodos Fonds, FMO indirectly reaches micro-, small-, and medium-sized enterprises (MSMEs) operating in the nexus of agribusiness and renewable energy in Africa, Asia, and Latin America. Through the financing, FMO also supports underlying smallholders, the backbone of the agricultural sector and local workforce, addresses climate change, improves livelihoods, and reduces inequalities for low-income communities and vulnerable groups.

MSMEs in developing countries are of key importance for food security and combating climate change, but are underserved in terms of financing. Despite its economic significance, agriculture in low-income countries receives disproportionately low formal credit, and only a small fraction of global climate finance reaches small-scale agriculture. Stichting Hivos-Triodos Fonds addresses these gaps by providing essential short- and long-term financing to MSMEs in the agribusiness and renewable energy sectors, promoting sustainability, inclusiveness, and economic growth. As such, additionality is derived from 1) bridging the financing gap and 2) providing a stamp of approval, opening the transaction to other financiers. The transaction is labelled 100% Green (climate mitigation) and 100% Reducing Inequalities (inclusive business and smallholder finance).

Investment Description
Here you can find a list of individual development financial institutions that finance the project.
Financial Intermediary
A financial intermediary is a bank or financial institution that receives funds from a development bank. A financial intermediary then lends these funds to their clients (private actors) in the form of loans, bonds, guarantees and equity shares. Financial intermediaries include insurance, pension and equity funds. The direct financial relationship is between the development bank and the financial intermediary.
Private Actors Description
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

As stated by the FMO, Stichting Hivos-Triodos Fonds is a foundation based in the Netherlands. Its strategic purpose is to contribute to the sustainable development of countries that are lagging in terms of prosperity and well-being. Stichting Hivos-Triodos Fonds tries to achieve its goals by providing loans and guarantees and participating in the equity of companies, institutions, and organizations that have a positive social, environmental, or cultural impact and demonstrably contribute to sustainable development.

According to information available on Hivos' website, Hivos-Triodos Fonds was launched in 1994 as a public-private partnership between Hivos and Triodos IM, advocating for and investing in sustainable change in emerging countries. Since its inception, Hivos-Triodos Fonds has invested over EUR 300 million spread across 107 high-impact initiatives in 49 countries in Africa, Asia and Latin America and helped millions of predominantly rural women access financial services.


Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

Financial Intermediary - Stichting Hivos-Triodos Fonds:

Website: https://www.triodos.nl/projecten/stichting-hivos-triodos-fonds 

ACCESS TO INFORMATION

As part of FMO's ex-ante disclosure (disclosure of transactions before contracting), you can send requests or questions for additional information to: disclosure@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

How it works

How it works