Environmental Ngo Enterprise Development
The $10 million EcoEnterprises Fund offers venture capital to environmentally and socially responsible businesses in Latin America and the Caribbean. The EcoEnterprises Fund includes a $6.5 million investment fund that provides venture capital to profitable businesses involved in sustainable agriculture (including organic, apiculture and aquaculture), non-timber forest products, sustainable forestry and ecotourism. It also includes limited technical assistance funds to provide business advisory services to prospective projects.By 2010, the Fund will invest in approximately 20 small- to medium-scale ventures that: (a) Employ sound environmental practices in their operations;(b) Provide financial benefits to the community and local environmental organizations; and (c) Meet rigorous environmental, social and financial criteria.

Project Detail

Country

Regional

Project Number

TC9607237

Approval Date

December 10, 1997

Project Status

Closed

Project Type

Technical Cooperation

Sector

ENVIRONMENT AND NATURAL DISASTERS

Subsector

ENVIRONMENTAL MANAGEMENT AND GOVERNANCE

Lending Instrument

Instrumento del Fondo Multilateral de Inversiones

Lending Instrument Code

MIF

Modality

-

Facility Type

-

Environmental and Social Impact Category (ESIC)

-

Total Cost

USD 3,500,000.00

Country Counterpart Financing

USD 1,750,000.00

Original Amount Approved

USD 1,750,000.00
Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
ATN/ME-5784-RG Non-Sovereign Guaranteed USD - United States Dollar Multilateral Investment Fund II (MIF) - Nonreimbursable
Operation Number ATN/ME-5784-RG
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Multilateral Investment Fund II (MIF) -
  • Financial Instrument: Nonreimbursable