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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 data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Related tags

    ACP States Agriculture, fisheries, forestry