Release date: 4 June 2024
Promoter – Financial Intermediary
GAWA CAPITAL PARTNERS SGEIC SALocation
Description
The operation consists of an equity investment in the senior tranche of Kuali Fund, an impact fund which will invest in debt and equity in financial institutions and climate solution providers in India and Latin America. The EUR 300m target fund, promoted by GAWA Capital, a Spanish Fund Manager, has a blended finance structure, where EIB would co-invest alongside the European Commission, the Spanish Development Cooperation (AECID) and the UN Green Climate Fund.
Objectives
Through its investments, Kuali fund aims to facilitate the creation of an ecosystem enabling smallholder farmers, micro, small and medium-sized enterprises (MSMEs) as well as other impacted rural communities in India and Latin America to access to climate solutions adapted to their needs. To maximise its effectiveness, the fund will be accompanied by a Technical Assistance Facility, funded by the EU, that will share knowledge, skills, expertise and resources on green lending and innovative climate solutions.
Comments
N/A
Sector(s)
- Services - Financial and insurance activities
Proposed EIB finance (Approximate amount)
EUR 40 million
Total cost (Approximate amount)
EUR 300 million
Environmental aspects
The Fund and investee companies are expected to comply with the EIB's environmental and social guidelines. Y
Procurement
The Fund and investee companies are expected to comply with the EIB's procurement guidelines.
Status
Under appraisal - 16/05/2024
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).