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eco.business Fund

In December 2014, KfW, the German Development Bank, Conservation International and Finance in Motion set up the eco.business Fund. The Fund´s mission is to “promote business and consumption practices that contribute to biodiversity conservation, to the sustainable use of natural resources, and to mitigate climate change and adapt to its impacts, initially in Latin America and the Caribbean and potentially expanding to Africa”.

The Fund pursues this mission by providing financing and/or technical assistance to qualified financial institutions (FIs) and businesses in four focus areas:
• Sustainable agriculture and agribusiness
• Sustainable fishery and aquaculture
• Sustainable forestry
• Sustainable tourism

Purpose of support

Project and program implementation

Eligibility criteria

Local financial institutions can use the funds provided by the eco.business Fund for on lending to final borrowers holding a certification attesting to their sustainability and contribution to biodiversity, e.g. ASC, FSC®, MSC, or Rainforest Alliance.

In addition, financing can be provided for activities that are included in the fund’s positive list of standard eligible measures (“Green List”) or for other individual measures that contribute to the eco.business Fund’s mission.

Financial instruments

Market-rate loans

Co-financing requirements (if applicable)

No co-financing requirements

Decision-making information

The eco.business Fund's Board of Directors, elected from a list of candidates submitted by the shareholders, exercises oversight of the fund and determines its strategic positioning and overall approach. Approval of investment proposals submitted by the Advisor is delegated to an Investment Committee appointed by the Board.
The fund’s service providers are:
• Fund Advisor: Finance in Motion GmbH
• Technical Assistance Facility Manager: Finance in Motion GmbH
• Depositary Bank: Citibank Europe plc, Luxembourg Branch

The Development Facility is funded mainly through donor grants. The technical assistance is coordinated by Finance in Motion and delivered by independent experts selected in a tender process.

Finance in Motion GmbH, the Fund Advisor and Technical Assistance Facility Manager, has two regional offices in the fund’s target regions, namely in Colombia and El Salvador.

Monitoring and reporting procedures

The fund’s partner institutions report on semi-annual basis on their sub-borrowing activities, which includes information on, for example, sub-loans size, eligibility criteria (labels or “Green List” project), and use of funds (for example, which crops the borrower produces). The fund also offers assistance to the partner institutions to enhance their reporting systems and optimize their data collection methods.

Steps to access

Contact points for Investees/Clients: https://www.ecobusiness.fund/contact-us/

The lead time of an eco.business Fund investment depends on the complexity of the measure to be financed and can be processed in average within 2 to 6 months.

Climate objective

Adaptation, Mitigation, Cross-cutting

Sectors and themes

Agriculture, Ecosystem adaptation, Forestry and Land-Use, Waste management, Water

Type of support provider

Other

Type of recipient

Private sector

Fund size

Available funding as of 30 September 2018 is USD 237.4 million. The outstanding portfolio as of 30 June 2018 amounts to USD 190.6 million.

Trustee or administrator

Finance in Motion GmbH

Contact information

www.ecobusiness.fund

colombia@finance-in-motion.com

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eco.business Fund