CARDANO SANITATION & WATER IMPACT

Promoteur – Intermédiaire Financier

CARDANO ASSET MANAGEMENT NV

Lieu

• Régional - Asie
• Régional - Afrique

Description

The operation consists of an equity investment in an investment vehicle that provides senior debt to Financial Inclusion Institutions in Asia and Sub-Saharan Africa to improve access to affordable water, sanitation and hygiene services. The Financial Inclusion Institutions will on-lend to micro, small and medium sized enterprises (MSMEs) to buy, install and improve sanitation and water facilities. As investor in the first loss tranche of the investment vehicle, the EIB will contribute to an acceptable impact, risk and return profile, playing therefore a catalytic role in crowding-in institutional investors at the senior tranche level (i.e. leveraging private investment capital). The investment vehicle's capital will be used to provide affordable loans to MSMEs that invest in safe sanitation and water systems.

Objectifs

The aim is to contribute to increase the availability of better and continuous drinking water supply and sanitation services, in particular for low-income people targeted by the Financial Inclusion Institutions.

Secteur(s)

• Eau, assainissement - Production et distribution d'eau; assainissement, gestion des déchets et dépollution

Montant BEI envisagé (montant approximatif)

EUR 12 million

Coût total (montant approximatif)

EUR 250 million

Aspects environnementaux

The operational guidelines of the investment vehicle will provide for environmental and social due diligence of investee companies according to guidelines acceptable to the EIB.

Passation des marchés

The investment vehicle is expected to comply with the EIB's procurement guidelines.

Statut

Approuvé - 16/10/2024