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Overview
| Donor: | Netherlands Development Finance Company (FMO) |
| Application procedure: | Letter of Inquiry |
| Donor base: | Netherlands |
| Reference number: | - |
| Eligible applicants: | Social Business |
| Deadline: | ongoing |
Financial details
| Grant size: | Large - more than $1,000,000 |
| Minimum grant size: | - |
| Total available budget: | - |
| Funding type: | Equity, Grants, Loans |
| Maximum grant size: | 10.000.000€ |
| Funding ratio: | Co-funding required |
Sectors
- Agriculture & Rural Development
- Climate Change
- Economic Development
- Energy
- Environment & Natural Resources
- Other
- Water & Sanitation
Project Locations
Africa
Algeria, Angola, Benin, Botswana, Burkina Faso, Burundi, Cameroon, Cape Verde, Central African Republic, Chad, Comoros, Democratic Republic of the Congo, Djibouti, Egypt, Equatorial Guinea, Eritrea, Eswatini, Ethiopia, Gabon, Gambia, Ghana, Guinea, Guinea Bissau, Ivory Coast, Kenya, Lesotho, Liberia, Libya, Madagascar, Malawi, Mali, Mauritania, Mauritius, Morocco, Mozambique, Namibia, Niger, Nigeria, Republic of the Congo, Rwanda, Sao Tome and Principe, Senegal, Seychelles, Sierra Leone, Somalia, South Africa, South Sudan, Sudan, Tanzania, Togo, Tunisia, Uganda, Western Sahara, Zambia, Zimbabwe
America
Antigua and Barbuda, Argentina, Belize, Bolivia, Brazil, Chile, Colombia, Costa Rica, Cuba, Dominica, Dominican Republic, Ecuador, El Salvador, French Guiana, Grenada, Guatemala, Guyana, Haiti, Honduras, Jamaica, Mexico, Nicaragua, Panama, Paraguay, Peru, Saint Kitts and Nevis, Saint Lucia, Saint Vincent and the Grenadines, Suriname, Uruguay, Venezuela
Asia
Afghanistan, Azerbaijan, Bangladesh, Bhutan, Cambodia, China, East Timor, India, Indonesia, Iran, Iraq, Jordan, Kazakhstan, Korea, Kuwait, Kyrgyzstan, Laos, Lebanon, Malaysia, Maldives, Mongolia, Myanmar, Nepal, North Korea, Pakistan, Palestine, Philippines, South Korea, Sri Lanka, Syria, Taiwan, Tajikistan, Thailand, Turkey, Turkmenistan, Uzbekistan, Vietnam, West Bank and Gaza, Yemen
Europe
Albania, Armenia, Belarus, Bosnia and Herzegovina, Bulgaria, Georgia, Kosovo, Moldova, Montenegro, North Macedonia, Serbia, Ukraine
Pacific
Fiji, Kiribati, Marshall Islands, Micronesia, Nauru, Palau, Papua New Guinea, Samoa, Solomon Islands, Tonga, Tuvalu, Vanuatu
Description
1) Objective
Building Prospects (formerly the Infrastructure Development Fund IDF) was established in 2002 by the Dutch government and FMO to support private investments in infrastructure. These basic services often lead to direct and immediate improvements in people’s quality of life. Infrastructure is also a means to fulfill wider objectives such as growth, employment, empowerment and poverty reduction. IDF is aimed at creating reliable infrastructure in many sectors, including energy, transport, ports, agribusiness, water, environment and social infrastructure. It follows an inclusive approach, financing companies that serve people living at the base of the pyramid.
A second focus theme of the fund is climate mitigation. The fund has an official climate marker, indicating that it contributes to the climate goals set by the Dutch Government. IDF, with its focus on access to energy as well as physical and social infrastructure for individuals at the base of the pyramid (BOP), underpins FMO’s inclusive strategy. Next to FMO’s economic and green ambitions, FMO is supporting companies that offer products and services for the BOP.
2) Eligibility
Entrepreneurs that focus on socio-economic infrastructure development are eligible to apply.
3) Location
Support is provided to infrastructure development projects implemented in developing countries around the world.
4) Budget
IDF financing is available for: (1) long-term financing for large infrastructure projects; (2) loans of up to €10,000,000 – in euros, US$ or local currencies; (3) minority shares in equity investments; (4) investments in dedicated infrastructure investment funds and early stage equity for new project development. Their annual committed portfolio is between €500,000,000-€600,000,000.
5) Application
Their investment process follows 5 steps: (1) Sourcing: they identify potential opportunities through a deep-rooted network in developing countries. Their initial assessment focuses on factors as country, investment plan, development impact and their role as financier; (2) Screening: if the financing opportunity meets their investment criteria, they continue to analyze potential risks and challenges; (3) Due diligence: to fully understand and map the risks and opportunities, they conduct thorough due-diligence including on-the-ground research through local visits; (4) Stakeholder engagement: in addition to regular meetings and dialogue sessions with our main stakeholders, they also give stakeholders the opportunity to provide input for their decision-making on new transactions with a high environmental or social risk profile; and (5) Contracting.