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Reference: 20140115
Release date: 5 December 2014

Promoter – Financial Intermediary

INCOFIN INVESTMENT MANAGEMENT

Location

Description

Structured investment vehicle offering debt and equity investments primarily to financial intermediaries servicing the rural population, smallholder farmers and other actors of the agricultural value chains in emerging economies.

Objectives

AGRIF is a successor fund to Rural Impulse Fund I (RIF I) and Rural Impulse Fund II (RIFII), two pioneer microfinance funds focusing on the rural poor. The Fund’s investment strategy builds on the experience acquired in rural finance with the predecessor funds, though it will have a more explicit emphasis on the financing of the smallholder agricultural sector and its value chain.

Sector(s)

Proposed EIB finance (Approximate amount)

EUR 13 million

Total cost (Approximate amount)

EUR 175 million

Environmental aspects

In order to mitigate the agro-specific risks, the Fund will adopt a series of appraisal and monitoring tools as well as eligibility criteria for the agricultural activities to be financed by financial intermediaries and producer organisations, in order to ensure alignment with the Bank's environmental and social policy.

Procurement

Not applicable

Status

Signed - 18/06/2015

Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

Related tags

Africa, Caribbean and Pacific Agriculture, fisheries, forestry